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
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.
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