Analysts Set Asure Software Inc (NASDAQ:ASUR) Price Target at $13.60

Asure Software Inc (NASDAQ:ASUR) has received an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $13.60.

ASUR has been the topic of a number of research analyst reports. Barrington Research restated an “outperform” rating and set a $15.00 price target on shares of Asure Software in a report on Monday, November 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a research note on Wednesday, October 8th.

Asure Software Stock Performance

ASUR stock opened at $8.19 on Wednesday. The firm has a market cap of $227.35 million, a PE ratio of -13.21, a price-to-earnings-growth ratio of 1.64 and a beta of 0.40. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.33. The stock has a 50-day moving average price of $8.21 and a 200-day moving average price of $8.85. Asure Software has a 1-year low of $7.63 and a 1-year high of $12.74.

Institutional Investors Weigh In On Asure Software

Several hedge funds and other institutional investors have recently modified their holdings of ASUR. BNP Paribas Financial Markets lifted its holdings in shares of Asure Software by 107.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,586 shares in the last quarter. Tower Research Capital LLC TRC increased its stake in Asure Software by 446.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock valued at $65,000 after purchasing an additional 5,451 shares in the last quarter. Tripletail Wealth Management LLC acquired a new position in Asure Software during the third quarter worth $75,000. Invesco Ltd. bought a new position in shares of Asure Software in the second quarter valued at $112,000. Finally, R Squared Ltd acquired a new position in shares of Asure Software during the second quarter valued at about $123,000. Institutional investors 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.