Asure Software (NASDAQ:ASUR) Stock Price Expected to Rise, Northland Securities Analyst Says

Asure Software (NASDAQ:ASUR) had its target price increased by stock analysts at Northland Securities from $12.50 to $14.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage currently has an “outperform” rating on the technology company’s stock. Northland Securities’ price objective indicates a potential upside of 23.13% from the stock’s current price.

Other analysts have also recently issued research reports about the stock. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of Asure Software in a research note on Friday, November 1st. Barrington Research restated an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a research report on Monday, October 28th. Stephens initiated coverage on Asure Software in a research report on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 target price for the company. Stifel Nicolaus boosted their price target on Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Finally, Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a research note on Tuesday. Seven research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $14.17.

Asure Software Trading Up 13.7 %

Shares of Asure Software stock opened at $11.37 on Wednesday. The firm’s 50 day moving average is $9.35 and its 200 day moving average is $9.05. The firm has a market capitalization of $301.92 million, a PE ratio of -24.19, a price-to-earnings-growth 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 $11.47. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.

Hedge Funds Weigh In On Asure Software

A number of hedge funds have recently made changes to their positions in ASUR. FMR LLC increased its position in Asure Software by 350.8% during the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company’s stock valued at $60,000 after purchasing an additional 5,199 shares during the period. Huntington National Bank bought a new stake in shares of Asure Software in the 3rd quarter valued at $64,000. American Century Companies Inc. increased its position in shares of 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 buying an additional 4,756 shares during the period. Rhumbline Advisers raised its stake in Asure Software by 11.4% during the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock worth $242,000 after buying an additional 2,948 shares during the last quarter. Finally, Barclays PLC lifted its holdings in Asure Software by 225.7% in the third quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock valued at $281,000 after buying an additional 21,533 shares during the period. 71.58% of the stock is currently 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.