Asure Software (ASUR) Upgraded to Buy by ValuEngine

Asure Software (NASDAQ:ASUR) was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday.

Other analysts have also issued reports about the stock. Barrington Research restated a “buy” rating and set a $20.00 target price on shares of Asure Software in a research report on Monday, March 12th. Craig Hallum assumed coverage on shares of Asure Software in a research report on Monday, December 4th. They set a “buy” rating for the company. Northland Securities set a $19.00 target price on shares of Asure Software and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Zacks Investment Research lowered shares of Asure Software from a “hold” rating to a “sell” rating in a research report on Monday, December 18th. Finally, Dougherty & Co restated a “buy” rating and set a $18.00 target price (up from $17.00) on shares of Asure Software in a research report on Wednesday, January 3rd. One analyst has rated the stock with a sell rating, one has given a hold rating and nine have issued a buy rating to the company’s stock. Asure Software has a consensus rating of “Buy” and an average price target of $18.50.

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NASDAQ ASUR traded up $0.52 during trading hours on Monday, hitting $12.76. 235,820 shares of the company’s stock traded hands, compared to its average volume of 143,054. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $154.03, a price-to-earnings ratio of 28.36, a price-to-earnings-growth ratio of 0.66 and a beta of 1.23. Asure Software has a 52 week low of $9.47 and a 52 week high of $17.53.

Institutional investors and hedge funds have recently bought and sold shares of the business. Essex Investment Management Co. LLC bought a new position in shares of Asure Software in the fourth quarter worth approximately $1,683,000. Russell Investments Group Ltd. boosted its position in shares of Asure Software by 2.8% in the third quarter. Russell Investments Group Ltd. now owns 479,629 shares of the technology company’s stock worth $5,956,000 after purchasing an additional 13,279 shares during the period. Unterberg Capital LLC boosted its position in shares of Asure Software by 6.7% in the fourth quarter. Unterberg Capital LLC now owns 320,000 shares of the technology company’s stock worth $4,518,000 after purchasing an additional 20,000 shares during the period. Alyeska Investment Group L.P. boosted its position in shares of Asure Software by 548.1% in the third quarter. Alyeska Investment Group L.P. now owns 450,000 shares of the technology company’s stock worth $5,589,000 after purchasing an additional 380,570 shares during the period. Finally, AWM Investment Company Inc. boosted its position in shares of Asure Software by 13.4% in the fourth quarter. AWM Investment Company Inc. now owns 311,413 shares of the technology company’s stock worth $4,397,000 after purchasing an additional 36,746 shares during the period. Institutional investors and hedge funds own 52.02% of the company’s stock.

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Asure Software Company Profile

Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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