Asure Software (NASDAQ:ASUR) Stock Crosses Above 200-Day Moving Average – What’s Next?

Asure Software Inc (NASDAQ:ASUR) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.73 and traded as high as $9.29. Asure Software shares last traded at $9.25, with a volume of 150,962 shares trading hands.

Wall Street Analysts Forecast Growth

ASUR has been the subject of several research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a report on Monday, April 20th. Zacks Research lowered Asure Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Barrington Research restated an “outperform” rating and set a $15.00 price target on shares of Asure Software in a report on Friday, April 24th. TD Cowen raised Asure Software to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Wall Street Zen cut Asure Software from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Asure Software Price Performance

The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.31. The firm’s 50-day moving average price is $8.70 and its 200-day moving average price is $8.73. The stock has a market capitalization of $265.29 million, a PE ratio of -25.69, a PEG ratio of 1.07 and a beta of 0.48.

Institutional Investors Weigh In On Asure Software

Institutional investors have recently modified their holdings of the stock. Unified Investment Management increased its stake in Asure Software by 4.4% in the first quarter. Unified Investment Management now owns 38,550 shares of the technology company’s stock worth $332,000 after purchasing an additional 1,625 shares during the period. Anchor Capital Advisors LLC boosted its stake in shares of Asure Software by 1.5% during the fourth quarter. Anchor Capital Advisors LLC now owns 120,674 shares of the technology company’s stock valued at $1,137,000 after purchasing an additional 1,815 shares during the period. American Century Companies Inc. boosted its stake in shares of Asure Software by 3.9% during the second quarter. American Century Companies Inc. now owns 50,462 shares of the technology company’s stock valued at $493,000 after purchasing an additional 1,900 shares during the period. Deutsche Bank AG grew its holdings in shares of Asure Software by 13.8% in the fourth quarter. Deutsche Bank AG now owns 17,905 shares of the technology company’s stock worth $169,000 after purchasing an additional 2,176 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Asure Software by 13.4% in the first quarter. PNC Financial Services Group Inc. now owns 20,492 shares of the technology company’s stock worth $176,000 after purchasing an additional 2,425 shares during the last quarter. 71.58% of the stock is owned by institutional investors.

Asure Software Company Profile

Asure Software, Inc (NASDAQ: ASUR) is a Texas‐based technology company specializing in cloud‐based workforce and workspace management solutions. The company develops software that streamlines human capital management (HCM), payroll processing, time and attendance tracking, and workspace reservation for businesses seeking to optimize employee experience and operational efficiency.

The Asure platform includes modules for payroll administration, benefits enrollment, performance management, applicant tracking and onboarding, as well as mobile and web‐based timekeeping.