Asure Software (NASDAQ:ASUR) Given “Overweight” Rating at Stephens

Asure Software (NASDAQ:ASUR)‘s stock had its “overweight” rating reissued by analysts at Stephens in a report issued on Friday,Benzinga reports. They presently have a $13.00 price objective on the technology company’s stock. Stephens’ price target would indicate a potential upside of 25.43% from the company’s previous close.

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

Asure Software Trading Up 7.0 %

Shares of Asure Software stock traded up $0.67 during trading on Friday, hitting $10.36. The stock had a trading volume of 45,883 shares, compared to its average volume of 121,603. The firm’s fifty day simple moving average is $11.25 and its 200-day simple moving average is $9.83. The stock has a market cap of $275.21 million, a PE ratio of -21.68, a PEG ratio of 1.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. Asure Software has a 12 month low of $6.89 and a 12 month high of $12.74.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ASUR. Needham Investment Management LLC grew its holdings in shares of Asure Software by 0.5% during the fourth quarter. Needham Investment Management LLC now owns 2,495,000 shares of the technology company’s stock valued at $23,478,000 after buying an additional 12,500 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Asure Software by 5.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 897,323 shares of the technology company’s stock valued at $8,444,000 after purchasing an additional 48,836 shares during the last quarter. Pacific Ridge Capital Partners LLC increased its holdings 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 raised 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 worth $6,788,000 after purchasing an additional 50,000 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC lifted its holdings in shares of Asure Software by 24.5% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 714,330 shares of the technology company’s stock worth $6,722,000 after purchasing an additional 140,711 shares during the period. Institutional investors and hedge funds own 71.58% of the company’s stock.

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.