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

Asure Software, Inc. (NASDAQ:ASUR) was the recipient of a significant increase in short interest in January. As of January 15th, there was short interest totalling 814,400 shares, an increase of 27.0% from the December 31st total of 641,500 shares. Based on an average daily trading volume, of 122,100 shares, the short-interest ratio is currently 6.7 days.

Hedge Funds Weigh In On Asure Software

Several hedge funds have recently bought and sold shares of ASUR. ArrowMark Colorado Holdings LLC purchased a new position in shares of Asure Software during the third quarter valued at approximately $5,191,000. Needham Investment Management LLC lifted its position in 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 buying an additional 502,500 shares during the period. Whittier Trust Co. purchased a new stake in Asure Software in the 3rd quarter valued at about $4,140,000. Rice Hall James & Associates LLC increased its stake in shares of Asure Software by 465.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company’s stock valued at $4,763,000 after acquiring an additional 433,197 shares during the last quarter. Finally, Tallon Kerry Patrick purchased a new position in shares of Asure Software during the 4th quarter worth about $1,372,000. 71.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently commented on ASUR shares. Lake Street Capital raised shares of Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Asure Software in a research report on Wednesday, January 15th. Northland Securities increased their price target on Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Stifel Nicolaus upped their target price on shares of Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Finally, Stephens reissued an “overweight” rating and issued a $13.00 price target on shares of Asure Software in a research note on Wednesday, January 15th. Seven analysts have rated the stock with a buy rating, According to data from MarketBeat.com, Asure Software has a consensus rating of “Buy” and an average target price of $14.17.

Asure Software Stock Performance

Shares of ASUR stock traded down $0.18 during mid-day trading on Monday, hitting $11.65. The stock had a trading volume of 47,198 shares, compared to its average volume of 135,412. Asure Software has a fifty-two week low of $6.89 and a fifty-two week high of $12.74. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The company’s 50-day simple moving average is $10.39 and its 200-day simple moving average is $9.50. The firm has a market cap of $309.17 million, a PE ratio of -24.83, a PEG ratio of 1.16 and a beta of 0.56.

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.