Stephens Reiterates Overweight Rating for Asure Software (NASDAQ:ASUR)

Asure Software (NASDAQ:ASUR - Get Free Report)'s stock had its "overweight" rating reissued by research analysts at Stephens in a research report issued to clients and investors on Wednesday,Benzinga reports. They currently have a $13.00 price objective on the technology company's stock. Stephens' target price would indicate a potential upside of 7.26% from the stock's previous close.

Other equities analysts have also issued research reports about the company. Lake Street Capital upgraded Asure Software from a "hold" rating to a "buy" rating in a research note on Tuesday, January 7th. Barrington Research reiterated an "outperform" rating and issued a $17.00 price target on shares of Asure Software in a research note on Monday, October 28th. Needham & Company LLC restated a "buy" rating and issued a $20.00 price target on shares of Asure Software in a research report on Friday, November 1st. Northland Securities raised their price objective on Asure Software from $12.50 to $14.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus upped their price target on shares of Asure Software from $10.00 to $11.00 and gave the company a "buy" rating in a research report on Wednesday, December 18th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $14.17.

Asure Software Stock Up 3.5 %

Shares of Asure Software stock traded up $0.41 during trading hours on Wednesday, reaching $12.12. 194,312 shares of the company's stock were exchanged, compared to its average volume of 179,901. Asure Software has a fifty-two week low of $6.89 and a fifty-two week high of $12.39. The stock has a market cap of $321.83 million, a P/E ratio of -25.79, a P/E/G ratio of 1.64 and a beta of 0.53. 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 company has a 50 day moving average of $9.59 and a two-hundred day moving average of $9.17.

Institutional Trading of Asure Software

Several large investors have recently bought and sold shares of the company. ArrowMark Colorado Holdings LLC bought a new position in Asure Software during the 3rd quarter valued at approximately $5,191,000. Needham Investment Management LLC boosted its holdings in shares of Asure Software by 25.4% during the 3rd quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company's stock valued at $22,467,000 after acquiring an additional 502,500 shares during the last quarter. Whittier Trust Co. bought a new stake in Asure Software in the 3rd quarter worth approximately $4,140,000. Rice Hall James & Associates LLC increased its position in Asure Software by 465.1% during the third quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company's stock valued at $4,763,000 after acquiring an additional 433,197 shares during the last quarter. Finally, Tallon Kerry Patrick purchased a new position in shares of Asure Software in the fourth quarter worth approximately $1,372,000. 71.58% of the stock is owned by institutional investors.

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.