Asure Software, Inc. (NASDAQ:ASUR) Short Interest Update

Asure Software, Inc. (NASDAQ:ASUR) saw a large growth in short interest during the month of January. As of January 15th, there was short interest totalling 814,400 shares, a growth of 27.0% from the December 31st total of 641,500 shares. Based on an average trading volume of 122,100 shares, the short-interest ratio is presently 6.7 days.

Institutional Trading of Asure Software

Institutional investors have recently bought and sold shares of the company. State Street Corp raised its stake in Asure Software by 0.5% during the 3rd quarter. State Street Corp now owns 429,298 shares of the technology company’s stock worth $3,885,000 after acquiring an additional 1,961 shares during the period. Penbrook Management LLC boosted its holdings in Asure Software by 1.8% in the 4th quarter. Penbrook Management LLC now owns 114,035 shares of the technology company’s stock worth $1,073,000 after buying an additional 2,000 shares during the period. American Century Companies Inc. increased its stake in Asure Software by 21.2% in the 2nd quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock worth $228,000 after buying an additional 4,756 shares in the last quarter. FMR LLC lifted its position in shares of Asure Software by 350.8% in the third quarter. FMR LLC now owns 6,681 shares of the technology company’s stock valued at $60,000 after acquiring an additional 5,199 shares in the last quarter. Finally, Huntington National Bank bought a new position in shares of Asure Software in the third quarter worth about $64,000. 71.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on ASUR. Stephens reiterated an “overweight” rating and issued a $13.00 target price on shares of Asure Software in a research note on Wednesday, January 15th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research report on Wednesday, January 15th. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price target on shares of Asure Software in a research note on Monday, October 28th. Stifel Nicolaus boosted their target price on Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Finally, Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $14.17.

Asure Software Trading Down 1.5 %

NASDAQ ASUR traded down $0.18 during trading on Monday, hitting $11.65. 47,198 shares of the company’s stock traded hands, compared to its average volume of 135,412. The firm has a market cap of $309.17 million, a P/E ratio of -24.83, a PEG ratio of 1.16 and a beta of 0.56. The stock has a fifty day moving average of $10.39 and a two-hundred day moving average of $9.50. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. Asure Software has a 12-month low of $6.89 and a 12-month high of $12.74.

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.