Asure Software, Inc. (NASDAQ:ASUR) Given Average Recommendation of “Moderate Buy” by Brokerages

Asure Software, Inc. (NASDAQ:ASUR) has been assigned an average recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $13.40.

A number of research analysts have recently weighed in on the company. Barrington Research reissued an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a research note on Friday, July 26th. TD Cowen decreased their price target on shares of Asure Software from $12.00 to $10.00 and set a “buy” rating for the company in a report on Monday, May 6th. Finally, Needham & Company LLC reissued a “buy” rating and set a $20.00 target price on shares of Asure Software in a research note on Friday, August 2nd.

Institutional Trading of Asure Software

Large investors have recently added to or reduced their stakes in the company. Naples Money Management LLC bought a new position in Asure Software during the fourth quarter worth about $27,000. BNP Paribas Financial Markets boosted its position in Asure Software by 45.1% during the first quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock worth $85,000 after purchasing an additional 3,398 shares during the period. Capstone Investment Advisors LLC acquired a new position in Asure Software in the 4th quarter valued at about $190,000. Aristides Capital LLC bought a new position in Asure Software in the 4th quarter valued at about $255,000. Finally, American Century Companies Inc. lifted its position in Asure Software by 21.2% during the second 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 during the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.

Asure Software Trading Down 0.8 %

Shares of NASDAQ ASUR opened at $8.37 on Wednesday. Asure Software has a fifty-two week low of $6.30 and a fifty-two week high of $12.94. The firm has a market capitalization of $221.47 million, a P/E ratio of -19.46, a P/E/G ratio of 0.81 and a beta of 0.62. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. The company’s 50 day simple moving average is $8.69 and its 200 day simple moving average is $8.37.

About Asure Software

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.