Asure Software (NASDAQ:ASUR) Rating Reiterated by Needham & Company LLC

Needham & Company LLC reaffirmed their buy rating on shares of Asure Software (NASDAQ:ASUR) in a research note released on Friday morning, Benzinga reports. Needham & Company LLC currently has a $20.00 price target on the technology company’s stock.

ASUR has been the subject of a number of other reports. TD Cowen dropped their target price on shares of Asure Software from $12.00 to $10.00 and set a buy rating for the company in a research note on Monday, May 6th. Barrington Research reissued an outperform rating and set a $17.00 price target on shares of Asure Software in a research note on Friday, July 26th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Asure Software currently has an average rating of Moderate Buy and an average price target of $13.40.

Asure Software Price Performance

Shares of Asure Software stock opened at $8.76 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09. The firm’s 50-day simple moving average is $8.57 and its 200-day simple moving average is $8.42. Asure Software has a twelve month low of $6.30 and a twelve month high of $15.54. The firm has a market cap of $226.12 million, a P/E ratio of -20.37, a price-to-earnings-growth ratio of 0.86 and a beta of 0.62.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Capstone Investment Advisors LLC raised its position in Asure Software by 9.0% during the first quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the technology company’s stock worth $170,000 after acquiring an additional 1,800 shares in the last quarter. Naples Money Management LLC acquired a new stake in Asure Software during the fourth quarter worth about $27,000. Rhumbline Advisers lifted its holdings in shares of Asure Software by 11.4% in the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock worth $242,000 after acquiring an additional 2,948 shares during the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of Asure Software by 45.1% in the first quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock worth $85,000 after acquiring an additional 3,398 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Asure Software by 134.9% in the fourth quarter. Tower Research Capital LLC TRC now owns 8,664 shares of the technology company’s stock worth $82,000 after acquiring an additional 4,976 shares during the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.

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.