Asure Software, Inc. (NASDAQ:ASUR) Short Interest Down 21.5% in December

Asure Software, Inc. (NASDAQ:ASUR) was the recipient of a significant decrease in short interest during the month of December. As of December 15th, there was short interest totalling 632,000 shares, a decrease of 21.5% from the November 30th total of 805,500 shares. Based on an average daily trading volume, of 97,400 shares, the short-interest ratio is currently 6.5 days.

Asure Software Stock Performance

ASUR traded down $0.14 during midday trading on Friday, reaching $9.35. The company’s stock had a trading volume of 82,832 shares, compared to its average volume of 147,731. 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 fifty day simple moving average of $9.33 and a 200 day simple moving average of $8.95. The stock has a market cap of $248.28 million, a P/E ratio of -19.89, a PEG ratio of 1.64 and a beta of 0.53. Asure Software has a twelve month low of $6.89 and a twelve month high of $10.52.

Institutional Investors Weigh In On Asure Software

Several hedge funds and other institutional investors have recently modified their holdings of ASUR. ArrowMark Colorado Holdings LLC bought a new stake in shares of Asure Software during the third quarter valued at approximately $5,191,000. Needham Investment Management LLC lifted 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 worth $22,467,000 after acquiring an additional 502,500 shares during the period. Whittier Trust Co. bought a new stake in Asure Software in the third quarter valued at about $4,140,000. Rice Hall James & Associates LLC increased its stake in Asure Software by 465.1% in 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 period. Finally, First Eagle Investment Management LLC raised its position in Asure Software by 34.6% in the second quarter. First Eagle Investment Management LLC now owns 378,901 shares of the technology company’s stock worth $3,183,000 after purchasing an additional 97,404 shares in the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.

Wall Street Analyst Weigh In

ASUR has been the subject of a number of analyst reports. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 target price on shares of Asure Software in a research note on Friday, November 1st. Northland Securities reduced their price objective on shares of Asure Software from $16.00 to $12.50 and set an “outperform” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus increased their target price on shares of Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a research report on Monday, October 28th. Finally, Stephens started coverage on Asure Software in a research note on Wednesday, October 16th. They set an “overweight” rating and a $13.00 price target for the company. Six research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $13.92.

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.