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

Asure Software, Inc. (NASDAQ:ASUR) was the recipient of a large decrease in short interest in December. As of December 15th, there was short interest totalling 632,000 shares, a decrease of 21.5% from the November 30th total of 805,500 shares. Based on an average trading volume of 97,400 shares, the short-interest ratio is currently 6.5 days.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on ASUR shares. Stephens began coverage on shares of Asure Software in a report on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 price target on the stock. Barrington Research restated an “outperform” rating and set a $17.00 price target on shares of Asure Software in a research note on Monday, October 28th. Northland Securities lowered their price objective on Asure Software from $16.00 to $12.50 and set an “outperform” rating on the stock in a research note on Friday, November 1st. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target on shares of Asure Software in a research report on Friday, November 1st. Finally, Stifel Nicolaus lifted their price objective on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Six analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of “Buy” and a consensus price target of $13.92.

Institutional Investors Weigh In On Asure Software

Several hedge funds and other institutional investors have recently made changes to their positions in ASUR. Needham Investment Management LLC lifted its stake in shares of Asure Software by 25.4% during the third quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock valued at $22,467,000 after acquiring an additional 502,500 shares during the period. Pacific Ridge Capital Partners LLC lifted its position in Asure Software by 7.9% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock valued at $6,334,000 after purchasing an additional 55,123 shares during the period. Swedbank AB boosted its stake in shares of Asure Software by 7.1% in the 3rd quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock valued at $6,788,000 after purchasing an additional 50,000 shares during the last quarter. Geode Capital Management LLC grew its position in shares of Asure Software by 4.4% during the 3rd quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company’s stock worth $5,251,000 after buying an additional 24,649 shares during the period. Finally, ArrowMark Colorado Holdings LLC bought a new stake in shares of Asure Software during the third quarter worth approximately $5,191,000. 71.58% of the stock is owned by institutional investors and hedge funds.

Asure Software Stock Performance

Shares of Asure Software stock opened at $9.35 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a 50 day simple moving average of $9.33 and a 200 day simple moving average of $8.95. Asure Software has a fifty-two week low of $6.89 and a fifty-two week high of $10.52. The firm has a market cap 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 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.