Asure Software (NASDAQ:ASUR) Price Target Raised to $14.00

Asure Software (NASDAQ:ASUR) had its price target increased by equities researchers at Northland Securities from $12.50 to $14.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Northland Securities’ price target would indicate a potential upside of 23.13% from the company’s current price.

Other equities research analysts also recently issued reports about the stock. Lake Street Capital raised shares of Asure Software from a “hold” rating to a “buy” rating in a research note on Tuesday. Stifel Nicolaus boosted their target price on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Stephens assumed coverage on Asure Software in a research note on Wednesday, October 16th. They set an “overweight” rating and a $13.00 price target on the stock. Barrington Research reissued an “outperform” rating and issued a $17.00 price objective on shares of Asure Software in a research note on Monday, October 28th. Finally, Needham & Company LLC restated a “buy” rating and set a $20.00 price objective on shares of Asure Software in a report on Friday, November 1st. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat, Asure Software currently has a consensus rating of “Buy” and an average price target of $14.17.

Asure Software Stock Performance

Shares of ASUR stock opened at $11.37 on Wednesday. The firm has a 50 day moving average of $9.35 and a 200-day moving average of $9.05. The company has a market cap of $301.92 million, a price-to-earnings ratio of -24.19, a price-to-earnings-growth ratio of 1.64 and a beta of 0.53. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. Asure Software has a 52 week low of $6.89 and a 52 week high of $11.47.

Institutional Trading of Asure Software

Several institutional investors and hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp boosted its position in shares of Asure Software by 5.5% during the second quarter. Bank of New York Mellon Corp now owns 214,863 shares of the technology company’s stock valued at $1,805,000 after buying an additional 11,147 shares during the last quarter. Rhumbline Advisers boosted its holdings in Asure Software by 11.4% during the 2nd quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock worth $242,000 after acquiring an additional 2,948 shares during the last quarter. Rice Hall James & Associates LLC bought a new stake in shares of Asure Software in the 2nd quarter worth $782,000. American Century Companies Inc. grew its stake in shares of Asure Software by 21.2% in the 2nd quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock worth $228,000 after acquiring an additional 4,756 shares in the last quarter. Finally, Perritt Capital Management Inc raised its holdings in shares of Asure Software by 25.4% in the second quarter. Perritt Capital Management Inc now owns 43,877 shares of the technology company’s stock valued at $369,000 after purchasing an additional 8,877 shares during the last quarter. 71.58% of the stock is owned by hedge funds and other 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.