Asure Software Inc (NASDAQ:ASUR) Given Average Recommendation of “Moderate Buy” by Analysts

Shares of Asure Software Inc (NASDAQ:ASUR) have been assigned an average rating of “Moderate Buy” from the five analysts that are presently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $15.00.

ASUR has been the subject of a number of recent research reports. Barrington Research reissued an “outperform” rating and set a $15.00 price target on shares of Asure Software in a research report on Friday, April 24th. Weiss Ratings upgraded shares of Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd. TD Cowen raised shares of Asure Software to a “strong-buy” rating in a research note on Monday, May 18th. Wall Street Zen upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a report on Saturday, July 4th. Finally, Zacks Research cut Asure Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th.

Institutional Investors Weigh In On Asure Software

Several hedge funds have recently added to or reduced their stakes in the stock. North Star Investment Management Corp. bought a new stake in shares of Asure Software during the first quarter valued at approximately $1,533,000. Rice Hall James & Associates LLC lifted its position in Asure Software by 39.2% in the 4th quarter. Rice Hall James & Associates LLC now owns 595,201 shares of the technology company’s stock valued at $5,607,000 after acquiring an additional 167,756 shares in the last quarter. Janus Henderson Group PLC boosted its stake in Asure Software by 10.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,769,578 shares of the technology company’s stock valued at $15,218,000 after purchasing an additional 161,074 shares during the last quarter. Wasatch Advisors LP boosted its stake in Asure Software by 19.6% during the 2nd quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company’s stock valued at $7,515,000 after purchasing an additional 126,450 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Asure Software by 100.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 173,105 shares of the technology company’s stock worth $1,631,000 after purchasing an additional 86,890 shares in the last quarter. 71.58% of the stock is owned by institutional investors.

Asure Software Stock Performance

Shares of Asure Software stock opened at $8.19 on Wednesday. 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 has a market capitalization of $234.89 million, a P/E ratio of -22.75, a P/E/G ratio of 1.00 and a beta of 0.50. The business has a fifty day simple moving average of $8.52 and a two-hundred day simple moving average of $8.74. Asure Software has a 12 month low of $6.80 and a 12 month high of $10.68.

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.