Asure Software (NASDAQ:ASUR) has been assigned a $25.00 price target by analysts at Barrington Research in a research note issued to investors on Friday. The firm presently has a “buy” rating on the technology company’s stock. Barrington Research’s target price would indicate a potential upside of 202.66% from the company’s current price.
Several other equities research analysts have also recently issued reports on the stock. Zacks Investment Research raised shares of Asure Software from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. ValuEngine raised shares of Asure Software from a “sell” rating to a “hold” rating in a research report on Wednesday, October 17th. Finally, Dougherty & Co assumed coverage on shares of Asure Software in a research report on Tuesday, August 28th. They issued a “buy” rating and a $20.00 target price on the stock. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $20.43.
Shares of Asure Software stock traded down $2.78 during mid-day trading on Friday, hitting $8.26. 37,674 shares of the stock were exchanged, compared to its average volume of 242,688. Asure Software has a twelve month low of $9.74 and a twelve month high of $19.78. The stock has a market capitalization of $169.47 million, a P/E ratio of 18.31, a P/E/G ratio of 0.73 and a beta of 1.10. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.54 and a quick ratio of 1.52.
Several institutional investors and hedge funds have recently added to or reduced their stakes in ASUR. Cynosure Advisors LLC acquired a new stake in shares of Asure Software in the second quarter worth approximately $201,000. Engineers Gate Manager LP acquired a new position in Asure Software during the second quarter valued at approximately $227,000. New Jersey Better Educational Savings Trust acquired a new position in Asure Software during the third quarter valued at approximately $273,000. Schwab Charles Investment Management Inc. acquired a new position in Asure Software during the second quarter valued at approximately $294,000. Finally, Mesirow Financial Investment Management Inc. lifted its position in Asure Software by 23.9% during the third quarter. Mesirow Financial Investment Management Inc. now owns 30,908 shares of the technology company’s stock valued at $384,000 after buying an additional 5,965 shares in the last quarter. 62.29% of the stock is currently owned by institutional investors and hedge funds.
About Asure Software
Asure Software Inc provides cloud-based software-as-a-service time and labor management, and workspace management solutions worldwide. The company's product line includes AsureSpace workplace management solutions that enable organizations to manage their office environments and optimize real estate utilization; and AsureForce time and labor management solutions to help organizations optimize workforce, as well as control labor administration costs and activities.
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