Asure Software (NASDAQ:ASUR) Rating Reiterated by Needham & Company LLC

Needham & Company LLC restated their buy rating on shares of Asure Software (NASDAQ:ASUR) in a research note published on Friday, Benzinga reports. Needham & Company LLC currently has a $20.00 price objective on the technology company’s stock.

Several other equities research analysts also recently weighed in on the stock. Barrington Research reissued an outperform rating and set a $17.00 price target on shares of Asure Software in a research report on Friday, July 26th. TD Cowen reduced their price target on shares of Asure Software from $12.00 to $10.00 and set a buy rating for the company in a research report on Monday, May 6th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of Moderate Buy and an average target price of $13.40.

Asure Software Price Performance

Shares of NASDAQ ASUR opened at $8.76 on Friday. Asure Software has a fifty-two week low of $6.30 and a fifty-two week high of $15.54. The company has a 50 day simple moving average of $8.57 and a two-hundred day simple moving average of $8.42. The company has a market capitalization of $226.12 million, a price-to-earnings ratio of -20.37, a P/E/G ratio of 0.86 and a beta of 0.62. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of ASUR. Equitable Trust Co. boosted its stake in shares of Asure Software by 30.7% during the 4th quarter. Equitable Trust Co. now owns 99,580 shares of the technology company’s stock worth $948,000 after acquiring an additional 23,370 shares during the last quarter. P.A.W. Capital Corp boosted its stake in shares of Asure Software by 33.3% during the 4th quarter. P.A.W. Capital Corp now owns 360,000 shares of the technology company’s stock worth $3,427,000 after acquiring an additional 90,000 shares during the last quarter. Naples Money Management LLC purchased a new position in shares of Asure Software during the 4th quarter worth $27,000. Skylands Capital LLC boosted its stake in shares of Asure Software by 12.5% during the 4th quarter. Skylands Capital LLC now owns 78,000 shares of the technology company’s stock worth $743,000 after acquiring an additional 8,650 shares during the last quarter. Finally, Boston Partners purchased a new position in shares of Asure Software during the 4th quarter valued at $1,619,000. Hedge funds and other institutional investors own 71.58% of the company’s stock.

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.