Asure Software (NASDAQ:ASUR – Get Rating) had its price objective raised by equities researchers at Cowen from $13.00 to $15.00 in a research report issued on Tuesday, The Fly reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Cowen’s target price would indicate a potential upside of 12.87% from the company’s previous close.
A number of other analysts have also commented on the company. Craig Hallum lifted their price objective on Asure Software to $10.00 in a research report on Tuesday, November 15th. UBS Group reiterated a “sell” rating on shares of Asure Software in a research report on Thursday, December 15th. TheStreet upgraded Asure Software from a “d+” rating to a “c-” rating in a research report on Monday, November 28th. Finally, Cowen updated their price objective on Asure Software to $8.00 in a research report on Tuesday, November 15th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Asure Software currently has an average rating of “Moderate Buy” and an average target price of $15.43.
Asure Software Trading Down 0.4 %
Shares of ASUR stock opened at $13.29 on Tuesday. Asure Software has a 12 month low of $4.87 and a 12 month high of $13.69. The company has a quick ratio of 1.02, a current ratio of 1.03 and a debt-to-equity ratio of 0.22. The business’s 50 day moving average is $10.38 and its two-hundred day moving average is $7.76. The company has a market cap 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 Investors Weigh In On Asure Software
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. UBS Group AG grew its holdings in shares of Asure Software by 632.5% in the fourth quarter. UBS Group AG now owns 3,992 shares of the technology company’s stock valued at $37,000 after purchasing an additional 3,447 shares in the last quarter. Man Group plc purchased a new stake in shares of Asure Software during the fourth quarter worth about $95,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in Asure Software in the third quarter valued at approximately $59,000. Marshall Wace LLP purchased a new stake in Asure Software in the fourth quarter valued at approximately $105,000. Finally, O Shaughnessy Asset Management LLC acquired a new position in Asure Software in the fourth quarter valued at approximately $112,000. Institutional investors own 61.70% of the company’s stock.
About Asure Software
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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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