Asure Software (NASDAQ:ASUR) Price Target Raised to $11.00

Asure Software (NASDAQ:ASUR) had its target price boosted by Stifel Nicolaus from $10.00 to $11.00 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the technology company’s stock. Stifel Nicolaus’ price target would indicate a potential upside of 17.65% from the stock’s previous close.

Several other brokerages also recently commented on ASUR. Barrington Research reaffirmed an “outperform” rating and set a $17.00 target price on shares of Asure Software in a report on Monday, October 28th. Northland Securities cut their target price on Asure Software from $16.00 to $12.50 and set an “outperform” rating on the stock in a report on Friday, November 1st. Stephens initiated coverage on Asure Software in a report on Wednesday, October 16th. They set an “overweight” rating and a $13.00 target price on the stock. Finally, Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research report on Friday, November 1st. Six investment analysts have rated the stock with a buy rating, According to MarketBeat, the company presently has an average rating of “Buy” and a consensus price target of $13.92.

Asure Software Trading Up 0.3 %

ASUR traded up $0.03 during midday trading on Wednesday, hitting $9.35. 16,629 shares of the company were exchanged, compared to its average volume of 147,126. The firm has a market capitalization of $248.28 million, a P/E ratio of -19.89, a P/E/G ratio of 1.64 and a beta of 0.53. Asure Software has a 1-year low of $6.89 and a 1-year high of $10.52. The firm’s 50 day moving average price is $9.27 and its 200-day moving average price is $8.88. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in ASUR. Bank of New York Mellon Corp increased its position in Asure Software by 5.5% in the 2nd 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 in the last quarter. Skylands Capital LLC increased its position in Asure Software by 131.5% in the 2nd quarter. Skylands Capital LLC now owns 150,043 shares of the technology company’s stock valued at $1,260,000 after buying an additional 85,243 shares in the last quarter. Rhumbline Advisers increased its position in Asure Software by 11.4% in the 2nd quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock valued at $242,000 after buying an additional 2,948 shares in the last quarter. P.A.W. Capital Corp increased its position in Asure Software by 13.5% in the 2nd quarter. P.A.W. Capital Corp now owns 420,000 shares of the technology company’s stock valued at $3,528,000 after buying an additional 50,000 shares in the last quarter. Finally, Rice Hall James & Associates LLC bought a new stake in Asure Software in the 2nd quarter valued at about $782,000. 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.