Asure Software, Inc. (NASDAQ:ASUR) Short Interest Update

Asure Software, Inc. (NASDAQ:ASUR) saw a significant growth in short interest during the month of November. As of November 15th, there was short interest totalling 713,300 shares, a growth of 6.7% from the October 31st total of 668,200 shares. Based on an average trading volume of 92,500 shares, the days-to-cover ratio is currently 7.7 days.

Institutional Trading of Asure Software

A number of large investors have recently bought and sold shares of ASUR. Needham Investment Management LLC lifted its position in shares of 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 in the last quarter. Vanguard Group Inc. grew its holdings in Asure Software by 6.4% during the first quarter. Vanguard Group Inc. now owns 1,181,423 shares of the technology company’s stock valued at $9,191,000 after purchasing an additional 71,495 shares during the period. Pacific Ridge Capital Partners LLC raised its stake in Asure Software by 7.9% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company’s stock worth $6,334,000 after buying an additional 55,123 shares during the period. Swedbank AB raised its position in shares of Asure Software by 7.1% during the third quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock worth $6,788,000 after purchasing an additional 50,000 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Asure Software by 4.4% in the third quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company’s stock valued at $5,251,000 after buying an additional 24,649 shares in the last quarter. 71.58% of the stock is currently owned by institutional investors.

Asure Software Stock Performance

NASDAQ ASUR opened at $9.69 on Tuesday. Asure Software has a 52-week low of $6.89 and a 52-week high of $10.52. The firm has a market capitalization of $257.27 million, a price-to-earnings ratio of -20.62, a P/E/G ratio of 1.55 and a beta of 0.53. The company’s fifty day moving average is $9.15 and its two-hundred day moving average is $8.72. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07.

Analyst Ratings Changes

ASUR has been the subject of a number of research reports. Northland Securities decreased their target price on Asure Software from $16.00 to $12.50 and set an “outperform” rating for the company in a report on Friday, November 1st. Needham & Company LLC reissued a “buy” rating and issued a $20.00 target price on shares of Asure Software in a research note on Friday, November 1st. Barrington Research restated an “outperform” rating and set a $17.00 target price on shares of Asure Software in a report on Monday, October 28th. Finally, Stephens assumed coverage on Asure Software in a report on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 price target for the company. Five analysts have rated the stock with a buy rating, According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $14.50.

Asure Software Company Profile

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.