Asure Software's (ASUR) "Overweight" Rating Reiterated at Stephens

Asure Software (NASDAQ:ASUR - Get Free Report)'s stock had its "overweight" rating reiterated by equities researchers at Stephens in a research report issued to clients and investors on Friday,Benzinga reports. They presently have a $13.00 price objective on the technology company's stock. Stephens' price target indicates a potential upside of 38.59% from the stock's current price.

A number of other analysts have also commented on the company. Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price objective on shares of Asure Software in a research note on Friday. Stifel Nicolaus raised their price objective on Asure Software from $10.00 to $11.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Northland Securities upped their target price on Asure Software from $12.50 to $14.00 and gave the company an "outperform" rating in a research report on Wednesday, January 8th. Lake Street Capital upgraded shares of Asure Software from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Finally, Barrington Research restated an "outperform" rating and issued a $17.00 target price on shares of Asure Software in a research note on Friday. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $14.17.

Asure Software Trading Down 7.3 %

NASDAQ ASUR traded down $0.74 on Friday, reaching $9.38. 170,544 shares of the company were exchanged, compared to its average volume of 121,644. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $249.08 million, a P/E ratio of -19.96, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The business's fifty day moving average price is $11.30 and its 200 day moving average price is $9.89. Asure Software has a fifty-two week low of $6.89 and a fifty-two week high of $12.74.

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Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the stock. FMR LLC raised its holdings in Asure Software by 350.8% during the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company's stock worth $60,000 after purchasing an additional 5,199 shares during the last quarter. Huntington National Bank bought a new stake in shares of Asure Software in the third quarter valued at about $64,000. Intech Investment Management LLC acquired a new position in shares of Asure Software during the fourth quarter worth about $104,000. PNC Financial Services Group Inc. grew its holdings in shares of Asure Software by 66.8% during the fourth quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company's stock worth $120,000 after buying an additional 5,096 shares in the last quarter. Finally, Wells Fargo & Company MN raised its position in Asure Software by 29.7% in the 4th quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company's stock valued at $143,000 after buying an additional 3,480 shares during the last quarter. 71.58% of the stock is currently owned by institutional investors and hedge funds.

About Asure Software

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.