Asure Software’s (ASUR) Buy Rating Reaffirmed at Needham & Company LLC

Asure Software (NASDAQ:ASUR)‘s stock had its “buy” rating reaffirmed by equities researchers at Needham & Company LLC in a note issued to investors on Wednesday,Benzinga reports. They currently have a $20.00 price objective on the technology company’s stock. Needham & Company LLC’s price objective would suggest a potential upside of 65.56% from the stock’s current price.

A number of other research analysts have also recently issued reports on ASUR. Lake Street Capital upgraded Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Stephens reaffirmed an “overweight” rating and set a $13.00 price target on shares of Asure Software in a report on Wednesday. Barrington Research reiterated an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a research report on Monday, October 28th. Northland Securities raised their target price on shares of Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Finally, Stifel Nicolaus boosted their target price on shares of Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, Asure Software has an average rating of “Buy” and an average target price of $14.17.

Asure Software Price Performance

Shares of ASUR traded up $0.37 during midday trading on Wednesday, hitting $12.08. The company’s stock had a trading volume of 76,165 shares, compared to its average volume of 166,387. 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 one year low of $6.89 and a one year high of $12.14. The stock has a market capitalization of $320.77 million, a price-to-earnings ratio of -25.70, a price-to-earnings-growth ratio of 1.64 and a beta of 0.53. The company’s fifty day simple moving average is $9.59 and its two-hundred day simple moving average is $9.17.

Institutional Investors Weigh In On Asure Software

Institutional investors have recently added to or reduced their stakes in the business. Needham Investment Management LLC lifted its holdings in shares of Asure Software by 25.4% during the third quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock worth $22,467,000 after purchasing an additional 502,500 shares during the period. Pacific Ridge Capital Partners LLC raised its position in Asure Software by 7.9% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock worth $6,334,000 after purchasing an additional 55,123 shares during the last quarter. Swedbank AB lifted its holdings in Asure Software by 7.1% during the 3rd quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock worth $6,788,000 after buying an additional 50,000 shares during the period. Geode Capital Management LLC grew its position in shares of Asure Software by 4.4% in the 3rd quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company’s stock valued at $5,251,000 after buying an additional 24,649 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC acquired a new stake in shares of Asure Software in the third quarter valued at about $5,191,000. 71.58% of the stock is owned by 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.