Asure Software (NASDAQ:ASUR) Upgraded at Lake Street Capital

Lake Street Capital upgraded shares of Asure Software (NASDAQ:ASUR) from a hold rating to a buy rating in a research note issued to investors on Tuesday morning, Marketbeat.com reports.

Several other brokerages have also recently weighed in on ASUR. Barrington Research reiterated an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a research report on Monday, October 28th. Northland Securities reduced their price target on Asure Software from $16.00 to $12.50 and set an “outperform” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus lifted their price target on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Stephens assumed coverage on Asure Software in a research report on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 price target for the company. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price target on shares of Asure Software in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $14.17.

Asure Software Stock Performance

NASDAQ:ASUR opened at $11.33 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The business has a fifty day simple moving average of $9.42 and a two-hundred day simple moving average of $9.08. Asure Software has a 1 year low of $6.89 and a 1 year high of $11.47. The company has a market capitalization of $300.86 million, a P/E ratio of -24.11, a P/E/G ratio of 1.64 and a beta of 0.53.

Hedge Funds Weigh In On Asure Software

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASUR. ArrowMark Colorado Holdings LLC bought a new stake in Asure Software during the third quarter worth about $5,191,000. Needham Investment Management LLC lifted its stake in Asure Software by 25.4% during the third quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock worth $22,467,000 after purchasing an additional 502,500 shares during the last quarter. Whittier Trust Co. bought a new stake in Asure Software during the third quarter worth about $4,140,000. Rice Hall James & Associates LLC lifted its stake in Asure Software by 465.1% during the third quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company’s stock worth $4,763,000 after purchasing an additional 433,197 shares during the last quarter. Finally, First Eagle Investment Management LLC lifted its stake in Asure Software by 34.6% during the second quarter. First Eagle Investment Management LLC now owns 378,901 shares of the technology company’s stock worth $3,183,000 after purchasing an additional 97,404 shares during the last quarter. 71.58% of the stock is currently owned by hedge funds and other institutional investors.

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.