Asure Software (NASDAQ:ASUR – Get Rating) had its price objective upped by Barrington Research to $15.00 in a research report issued to clients and investors on Tuesday, The Fly reports. Barrington Research’s target price would suggest a potential upside of 12.87% from the stock’s previous close.
A number of other equity research analysts have also recently weighed in on the company. UBS Group reaffirmed a “sell” rating on shares of Asure Software in a research note on Thursday, December 15th. Cowen increased their price objective on Asure Software from $13.00 to $15.00 and gave the company an “outperform” rating in a report on Tuesday. Craig Hallum increased their price objective on Asure Software to $10.00 in a report on Tuesday, November 15th. TheStreet raised Asure Software from a “d+” rating to a “c-” rating in a report on Monday, November 28th. Finally, Lake Street Capital increased their price objective on Asure Software from $12.00 to $17.00 and gave the company a “buy” rating in a report on Tuesday. One equity research analyst has rated the stock with a sell rating, one has been given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $15.43.
Asure Software Stock Down 0.4 %
ASUR opened at $13.29 on Tuesday. Asure Software has a fifty-two week low of $4.87 and a fifty-two week high of $13.69. The business has a 50-day moving average of $10.38 and a 200-day moving average of $7.76. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.03 and a quick ratio of 1.02. The company has a market capitalization of $267.93 million, a PE ratio of -18.72, a price-to-earnings-growth ratio of 13.99 and a beta of 0.77.
Institutional Trading of Asure Software
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Morgan Stanley grew its holdings in Asure Software by 55.1% in the 4th quarter. Morgan Stanley now owns 167,092 shares of the technology company’s stock valued at $1,561,000 after buying an additional 59,356 shares during the last quarter. Man Group plc acquired a new stake in shares of Asure Software during the 4th quarter worth approximately $95,000. EAM Investors LLC acquired a new stake in shares of Asure Software during the 4th quarter worth approximately $1,548,000. Archon Capital Management LLC grew its holdings in shares of Asure Software by 1.9% during the 4th quarter. Archon Capital Management LLC now owns 1,294,987 shares of the technology company’s stock worth $12,095,000 after purchasing an additional 23,953 shares in the last quarter. Finally, ArrowMark Colorado Holdings LLC grew its holdings in shares of Asure Software by 14.4% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,778,292 shares of the technology company’s stock worth $16,609,000 after purchasing an additional 223,525 shares in the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.
About Asure Software
(Get Rating)
Asure Software, Inc. delivers human capital management solutions through the lens of entrepreneurs and executives with an owner’s mentality. It helps small and mid-sized businesses to develop their human capital and allocate their time, money and technology toward growth. Its solutions include Asure Payroll & Tax, Asure HR, and Asure Time & Attendance.
Further Reading
Receive News & Ratings for Asure Software Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Asure Software and related companies with MarketBeat.com’s FREE daily email newsletter.