Asure Software, Inc. (NASDAQ:ASUR) Sees Significant Decrease in Short Interest

Asure Software, Inc. (NASDAQ:ASUR) saw a significant drop in short interest in July. As of July 31st, there was short interest totalling 583,000 shares, a drop of 20.1% from the July 15th total of 729,700 shares. Based on an average trading volume of 127,600 shares, the short-interest ratio is currently 4.6 days.

Analysts Set New Price Targets

Several research firms recently weighed in on ASUR. 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, August 2nd. Barrington Research reissued an “outperform” rating and issued a $17.00 price objective on shares of Asure Software in a research note on Friday, July 26th. Finally, TD Cowen dropped their price objective 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Asure Software has an average rating of “Moderate Buy” and a consensus price target of $13.40.

Institutional Investors Weigh In On Asure Software

Several institutional investors have recently made changes to their positions in ASUR. Naples Money Management LLC bought a new stake in Asure Software during the 4th quarter valued at about $27,000. BNP Paribas Financial Markets lifted its holdings in Asure Software by 45.1% during the 1st quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock valued at $85,000 after buying an additional 3,398 shares in the last quarter. Capstone Investment Advisors LLC lifted its holdings in Asure Software by 9.0% during the 1st quarter. Capstone Investment Advisors LLC now owns 21,800 shares of the technology company’s stock valued at $170,000 after buying an additional 1,800 shares in the last quarter. American Century Companies Inc. lifted its holdings in Asure Software by 21.2% during the 2nd quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock valued at $228,000 after buying an additional 4,756 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in Asure Software by 11.4% during 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. Institutional investors own 71.58% of the company’s stock.

Asure Software Trading Up 0.4 %

Shares of Asure Software stock traded up $0.03 during trading on Friday, hitting $8.26. The stock had a trading volume of 89,588 shares, compared to its average volume of 176,580. The firm’s fifty day simple moving average is $8.67 and its 200-day simple moving average is $8.38. The stock has a market cap of $213.22 million, a PE ratio of -19.21, a PEG ratio of 0.79 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. Asure Software has a 12 month low of $6.30 and a 12 month high of $12.94.

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.