Craig Hallum Begins Coverage on Asure Software (ASUR)

Craig Hallum assumed coverage on shares of Asure Software (NASDAQ:ASUR) in a research report sent to investors on Monday morning, The Fly reports. The brokerage issued a buy rating on the technology company’s stock.

ASUR has been the subject of a number of other reports. Scotiabank lowered Asure Software from an outperform rating to a sector perform rating in a report on Thursday, September 7th. Canaccord Genuity reissued a buy rating and issued a $18.00 price objective on shares of Asure Software in a report on Tuesday, October 17th. Northland Securities reissued a buy rating and issued a $18.00 price objective on shares of Asure Software in a report on Thursday, September 21st. Zacks Investment Research lowered Asure Software from a hold rating to a sell rating in a report on Friday, August 18th. Finally, Dougherty & Co reissued a buy rating on shares of Asure Software in a report on Monday, November 20th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has an average rating of Buy and an average price target of $16.57.

Asure Software (NASDAQ ASUR) opened at $14.48 on Monday. Asure Software has a fifty-two week low of $8.00 and a fifty-two week high of $17.27. The company has a market capitalization of $176.16, a P/E ratio of 54.35, a PEG ratio of 1.07 and a beta of 1.17. The company has a current ratio of 1.39, a quick ratio of 1.37 and a debt-to-equity ratio of 1.04.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Timpani Capital Management LLC lifted its position in Asure Software by 143.3% in the second quarter. Timpani Capital Management LLC now owns 142,622 shares of the technology company’s stock worth $2,084,000 after purchasing an additional 84,009 shares during the period. Pacific Ridge Capital Partners LLC lifted its position in Asure Software by 29.1% in the second quarter. Pacific Ridge Capital Partners LLC now owns 377,917 shares of the technology company’s stock worth $5,521,000 after purchasing an additional 85,140 shares during the period. Unterberg Capital LLC acquired a new stake in Asure Software in the second quarter worth approximately $2,922,000. AWM Investment Company Inc. acquired a new stake in Asure Software in the second quarter worth approximately $2,595,000. Finally, Prudential PLC acquired a new stake in Asure Software in the second quarter worth approximately $3,287,000. Hedge funds and other institutional investors own 46.61% 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.

The Fly

Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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