Asure Software, Inc. (NASDAQ:ASUR) Receives Average Recommendation of “Buy” from Brokerages

Asure Software, Inc. (NASDAQ:ASUR) has received a consensus recommendation of “Buy” from the seven ratings firms that are currently covering the company, MarketBeat.com reports. Seven equities research analysts have rated the stock with a buy rating. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $14.17.

A number of equities analysts have commented on the stock. Barrington Research reissued an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a research note on Monday, October 28th. Stifel Nicolaus increased their target price on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price target on shares of Asure Software in a research note on Wednesday. Stephens reiterated an “overweight” rating and set a $13.00 price objective on shares of Asure Software in a research report on Wednesday. Finally, Lake Street Capital upgraded Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Tallon Kerry Patrick purchased a new stake in Asure Software during the 4th quarter valued at about $1,372,000. Barclays PLC boosted its stake in shares of Asure Software by 225.7% during the third quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock valued at $281,000 after purchasing an additional 21,533 shares during the period. Geode Capital Management LLC boosted its stake in shares of Asure Software by 4.4% during the third quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company’s stock valued at $5,251,000 after purchasing an additional 24,649 shares during the period. M&T Bank Corp purchased a new position in shares of Asure Software in the third quarter worth $516,000. Finally, State Street Corp increased its stake in shares of Asure Software by 0.5% in the third quarter. State Street Corp now owns 429,298 shares of the technology company’s stock worth $3,885,000 after buying an additional 1,961 shares during the period. Hedge funds and other institutional investors own 71.58% of the company’s stock.

Asure Software Stock Performance

NASDAQ:ASUR opened at $12.14 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. The business’s 50-day moving average price is $9.75 and its two-hundred day moving average price is $9.24. Asure Software has a twelve month low of $6.89 and a twelve month high of $12.39.

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.