Asure Software, Inc. (NASDAQ:ASUR - Get Free Report) was the recipient of a large increase in short interest during the month of November. As of November 15th, there was short interest totalling 713,300 shares, an increase of 6.7% from the October 31st total of 668,200 shares. Based on an average daily volume of 92,500 shares, the days-to-cover ratio is currently 7.7 days.
Shares of ASUR opened at $9.69 on Tuesday. Asure Software has a twelve month low of $6.89 and a twelve month high of $10.52. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $257.27 million, a P/E ratio of -20.62, a PEG ratio of 1.55 and a beta of 0.53. The firm's 50-day moving average is $9.15 and its two-hundred day moving average is $8.72.
Institutional investors and hedge funds have recently modified their holdings of the company. Needham Investment Management LLC boosted 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 purchasing an additional 502,500 shares in the last quarter. Vanguard Group Inc. raised its position 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 worth $9,191,000 after acquiring an additional 71,495 shares during the last quarter. Pacific Ridge Capital Partners LLC grew its position in shares of Asure Software by 7.9% in the second quarter. Pacific Ridge Capital Partners LLC now owns 754,016 shares of the technology company's stock valued at $6,334,000 after purchasing an additional 55,123 shares during the last quarter. Swedbank AB increased its stake in shares of Asure Software by 7.1% during the 3rd 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 in the last quarter. Finally, Geode Capital Management LLC lifted its stake in Asure Software by 4.4% in the 3rd 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. Institutional investors and hedge funds own 71.58% of the company's stock.
ASUR has been the topic of a number of recent research reports. Northland Securities dropped their price objective on shares of Asure Software from $16.00 to $12.50 and set an "outperform" rating on the stock in a research note on Friday, November 1st. Stephens began coverage on Asure Software in a research note on Wednesday, October 16th. They set an "overweight" rating and a $13.00 price objective for the company. Barrington Research reissued an "outperform" rating and issued a $17.00 target price on shares of Asure Software in a report on Monday, October 28th. Finally, Needham & Company LLC reaffirmed a "buy" rating and set a $20.00 price target on shares of Asure Software in a report on Friday, November 1st. Five investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus target price of $14.50.
Get Our Latest Report on Asure Software
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.
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