Asure Software, Inc. (NASDAQ:ASUR) Receives Average Recommendation of “Buy” from Analysts

Asure Software, Inc. (NASDAQ:ASUR) has earned an average recommendation of “Buy” from the seven brokerages that are currently covering the stock, MarketBeat reports. Seven analysts have rated the stock with a buy recommendation. The average 12-month price objective among analysts that have issued ratings on the stock in the last year is $14.17.

ASUR has been the topic of several research reports. Barrington Research reiterated an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a research note on Monday, October 28th. Northland Securities increased their price objective on shares of Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a research note 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. Stifel Nicolaus increased their price objective on shares of Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $20.00 price objective on shares of Asure Software in a research note on Wednesday, January 15th.

Asure Software Stock Performance

Shares of ASUR stock opened at $11.57 on Thursday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. Asure Software has a one year low of $6.89 and a one year high of $12.74. The company’s 50-day simple moving average is $10.70 and its 200-day simple moving average is $9.59.

Institutional Investors Weigh In On Asure Software

Several large investors have recently made changes to their positions in the company. Needham Investment Management LLC increased its stake in shares of Asure Software by 25.4% in the third quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock valued at $22,467,000 after purchasing an additional 502,500 shares during the period. Pacific Ridge Capital Partners LLC increased its stake in shares of Asure Software by 12.6% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 773,572 shares of the technology company’s stock valued at $7,279,000 after purchasing an additional 86,277 shares during the period. Swedbank AB increased its stake in shares of Asure Software by 7.1% in the third quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock valued at $6,788,000 after purchasing an additional 50,000 shares during the period. Geode Capital Management LLC increased its stake in shares of Asure Software by 4.4% in the third quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company’s stock valued at $5,251,000 after purchasing an additional 24,649 shares during the period. Finally, ArrowMark Colorado Holdings LLC bought a new position in shares of Asure Software in the third quarter valued at approximately $5,191,000. Institutional investors and hedge funds own 71.58% of the company’s stock.

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.