Dougherty & Co initiated coverage on shares of Asure Software Inc (NASDAQ:ASUR) in a research note published on Tuesday, October 31st, Marketbeat.com reports. The brokerage issued a buy rating and a $17.00 price target on the technology company’s stock.
ASUR has been the subject of several other research reports. Zacks Investment Research upgraded shares of Asure Software from a strong sell rating to a hold rating in a report on Tuesday, October 17th. Cowen and Company initiated coverage on shares of Asure Software in a research note on Wednesday, September 6th. They set an outperform rating and a $16.00 price objective for the company. Scotiabank lowered shares of Asure Software from an outperform rating to a sector perform rating in a research note on Thursday, September 7th. Northland Securities restated a buy rating and set a $18.00 price target on shares of Asure Software in a research note on Thursday, September 21st. Finally, Canaccord Genuity restated a buy rating and set a $18.00 price target on shares of Asure Software in a research note on Tuesday, October 17th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $16.57.
Shares of Asure Software (ASUR) opened at $13.98 on Tuesday. Asure Software has a 52-week low of $7.90 and a 52-week high of $17.27. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.39 and a quick ratio of 1.37. The stock has a market cap of $174.29, a PE ratio of 53.77, a price-to-earnings-growth ratio of 1.18 and a beta of 1.10.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Navellier & Associates Inc boosted its holdings in Asure Software by 13.1% during the second quarter. Navellier & Associates Inc now owns 49,953 shares of the technology company’s stock worth $730,000 after buying an additional 5,775 shares in the last quarter. Wells Fargo & Company MN raised its position in Asure Software by 12.6% during the second quarter. Wells Fargo & Company MN now owns 57,470 shares of the technology company’s stock worth $840,000 after acquiring an additional 6,435 shares during the period. Northern Trust Corp raised its position in Asure Software by 37.8% during the second quarter. Northern Trust Corp now owns 24,419 shares of the technology company’s stock worth $357,000 after acquiring an additional 6,692 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new position in Asure Software during the third quarter worth $135,000. Finally, DORCHESTER WEALTH MANAGEMENT Co acquired a new position in Asure Software during the second quarter worth $161,000. 39.52% of the stock is currently owned by hedge funds and other institutional investors.
Asure Software Company Profile
Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.
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