Asure Software’s (ASUR) “Overweight” Rating Reaffirmed at Stephens

Stephens reissued their overweight rating on shares of Asure Software (NASDAQ:ASUR) in a research note released on Friday,Benzinga reports. Stephens currently has a $13.00 price target on the technology company’s stock.

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

Asure Software Stock Up 12.9 %

Shares of ASUR stock opened at $10.94 on Friday. Asure Software has a 1 year low of $6.89 and a 1 year high of $12.74. The stock has a market cap of $290.50 million, a PE ratio of -23.28, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The business’s fifty day moving average is $11.25 and its 200-day moving average is $9.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07.

Institutional Investors Weigh In On Asure Software

Several large investors have recently modified their holdings of ASUR. FMR LLC boosted its position in shares of Asure Software by 350.8% in the third quarter. FMR LLC now owns 6,681 shares of the technology company’s stock worth $60,000 after buying an additional 5,199 shares during the period. Huntington National Bank acquired a new stake in shares of Asure Software in the third quarter worth $64,000. Intech Investment Management LLC acquired a new stake in shares of Asure Software in the fourth quarter worth $104,000. PNC Financial Services Group Inc. boosted its position in shares of Asure Software by 66.8% in 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 during the period. Finally, Wells Fargo & Company MN boosted its position in shares of Asure Software by 29.7% in the fourth quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company’s stock worth $143,000 after buying an additional 3,480 shares during the period. 71.58% of the stock is owned by institutional investors.

Asure Software Company Profile

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.