Brokerages Set Asure Software Inc (NASDAQ:ASUR) Target Price at $15.00

Asure Software Inc (NASDAQ:ASUR) has earned an average recommendation of “Moderate Buy” from the five research firms that are covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $15.00.

ASUR has been the topic of several analyst reports. TD Cowen raised shares of Asure Software to a “strong-buy” rating in a research report on Monday, May 18th. Zacks Research lowered Asure Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Wall Street Zen lowered Asure Software from a “buy” rating to a “hold” rating in a research report on Saturday, June 13th. Barrington Research reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Asure Software in a research report on Friday, April 24th. Finally, Weiss Ratings lowered Asure Software from a “sell (d-)” rating to a “sell (e+)” rating in a research report on Wednesday.

Asure Software Price Performance

ASUR stock opened at $8.27 on Friday. The firm has a market cap of $237.18 million, a PE ratio of -22.97, a PEG ratio of 1.01 and a beta of 0.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.04 and a current ratio of 1.05. The firm’s 50 day moving average price is $8.84 and its 200-day moving average price is $8.81. Asure Software has a one year low of $6.80 and a one year high of $11.48.

Hedge Funds Weigh In On Asure Software

Institutional investors and hedge funds have recently modified their holdings of the company. Rice Hall James & Associates LLC grew its stake in shares of Asure Software by 39.2% during the fourth quarter. Rice Hall James & Associates LLC now owns 595,201 shares of the technology company’s stock worth $5,607,000 after purchasing an additional 167,756 shares in the last quarter. ArrowMark Colorado Holdings LLC grew its stake in shares of Asure Software by 7.7% during the third quarter. ArrowMark Colorado Holdings LLC now owns 866,474 shares of the technology company’s stock worth $7,105,000 after purchasing an additional 62,231 shares in the last quarter. Swedbank AB grew its stake in shares of Asure Software by 6.7% during the first quarter. Swedbank AB now owns 800,000 shares of the technology company’s stock worth $6,880,000 after purchasing an additional 50,000 shares in the last quarter. Equitable Trust Co. grew its stake in shares of Asure Software by 4.0% during the first quarter. Equitable Trust Co. now owns 111,760 shares of the technology company’s stock worth $961,000 after purchasing an additional 4,250 shares in the last quarter. Finally, Unified Investment Management grew its stake in shares of Asure Software by 4.4% during the first quarter. Unified Investment Management now owns 38,550 shares of the technology company’s stock worth $332,000 after purchasing an additional 1,625 shares in the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.

About Asure Software

Asure Software, Inc (NASDAQ: ASUR) is a Texas‐based technology company specializing in cloud‐based workforce and workspace management solutions. The company develops software that streamlines human capital management (HCM), payroll processing, time and attendance tracking, and workspace reservation for businesses seeking to optimize employee experience and operational efficiency.

The Asure platform includes modules for payroll administration, benefits enrollment, performance management, applicant tracking and onboarding, as well as mobile and web‐based timekeeping.