Asure Software (NASDAQ:ASUR) Receives “Buy” Rating from Stifel Nicolaus

Asure Software (NASDAQ:ASUR)‘s stock had its “buy” rating reaffirmed by stock analysts at Stifel Nicolaus in a research report issued to clients and investors on Thursday, Benzinga reports. They currently have a $15.00 target price on the technology company’s stock. Stifel Nicolaus’ target price would suggest a potential upside of 31.12% from the stock’s current price.

Several other equities research analysts have also issued reports on ASUR. StockNews.com began coverage on shares of Asure Software in a report on Thursday, August 17th. They set a “hold” rating on the stock. Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of Asure Software in a report on Tuesday, August 8th. Finally, Barrington Research restated an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a research report on Tuesday, August 8th. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $16.22.

Asure Software Price Performance

ASUR stock traded up $0.38 during mid-day trading on Thursday, hitting $11.44. The stock had a trading volume of 54,586 shares, compared to its average volume of 273,499. The firm has a fifty day simple moving average of $12.82 and a 200 day simple moving average of $13.19. Asure Software has a 52 week low of $4.87 and a 52 week high of $17.14. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $277.45 million, a P/E ratio of -26.60, a P/E/G ratio of 1.73 and a beta of 0.72.

Asure Software (NASDAQ:ASUR) last issued its quarterly earnings results on Monday, August 7th. The technology company reported $0.04 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.11. Asure Software had a positive return on equity of 4.47% and a negative net margin of 7.86%. The company had revenue of $30.42 million for the quarter, compared to analyst estimates of $25.36 million. As a group, research analysts forecast that Asure Software will post 0.25 EPS for the current year.

Hedge Funds Weigh In On Asure Software

Hedge funds have recently made changes to their positions in the stock. Private Capital Management LLC boosted its holdings in Asure Software by 1.8% in the third quarter. Private Capital Management LLC now owns 3,470,624 shares of the technology company’s stock valued at $19,852,000 after acquiring an additional 62,709 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in Asure Software by 14.4% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,778,292 shares of the technology company’s stock valued at $16,609,000 after buying an additional 223,525 shares during the period. Vanguard Group Inc. lifted its holdings in Asure Software by 48.0% in the first quarter. Vanguard Group Inc. now owns 1,762,073 shares of the technology company’s stock valued at $10,484,000 after buying an additional 571,201 shares during the period. Archon Capital Management LLC boosted its position in Asure Software by 1.9% during the fourth quarter. Archon Capital Management LLC now owns 1,294,987 shares of the technology company’s stock valued at $12,095,000 after acquiring an additional 23,953 shares during the last quarter. Finally, BlackRock Inc. grew its holdings in Asure Software by 242.0% during the 2nd quarter. BlackRock Inc. now owns 949,414 shares of the technology company’s stock worth $11,545,000 after acquiring an additional 671,830 shares during the period. 73.09% of the stock is currently owned by institutional investors.

About Asure Software

Asure Software, Inc provides cloud-based human capital management (HCM) software and services in the United States. It helps various small and medium-sized businesses to build productive teams to help them stay compliant and allocate resources to grow their business. The company's solutions include Asure Payroll & Tax, an integrated solution automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, direct deposits, and fair labor standard act, as well as federal, state, and local payroll taxes; human resource compliance that handles HR complexities, such as employee self-service, applicant tracking, onboarding, and compliance; and Asure Time & Attendance, which provides cost savings and return on investment gains come in the form of strategic use of labor dollars and the elimination of time theft.