Asure Software (NASDAQ:ASUR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Asure Software (NASDAQ:ASUR) from a hold rating to a buy rating in a research note released on Saturday morning.

A number of other equities research analysts have also recently commented on ASUR. TD Cowen raised Asure Software to a “strong-buy” rating in a report on Monday, May 18th. Barrington Research reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Asure Software in a research note on Friday, April 24th. Zacks Research cut Asure Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, Weiss Ratings raised Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Asure Software presently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Asure Software Stock Performance

Shares of NASDAQ ASUR opened at $8.70 on Friday. The firm has a fifty day moving average price of $8.21 and a 200-day moving average price of $8.49. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.06 and a quick ratio of 1.05. The stock has a market cap of $251.26 million, a PE ratio of -30.00, a price-to-earnings-growth ratio of 1.04 and a beta of 0.49. Asure Software has a 1 year low of $6.80 and a 1 year high of $10.20.

Insider Activity

In other news, Director Bjorn Reynolds sold 15,420 shares of Asure Software stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $8.35, for a total transaction of $128,757.00. Following the completion of the sale, the director directly owned 31,162 shares in the company, valued at approximately $260,202.70. The trade was a 33.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Asure Software

Several institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets grew its stake in shares of Asure Software by 107.7% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,586 shares during the period. Tower Research Capital LLC TRC lifted its stake in shares of Asure Software by 446.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock valued at $65,000 after purchasing an additional 5,451 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in Asure Software during the fourth quarter worth $66,000. Ancora Advisors LLC purchased a new stake in Asure Software during the second quarter worth $79,000. Finally, Boston Partners acquired a new stake in Asure Software during the fourth quarter valued at $108,000. Institutional investors and hedge funds own 71.58% of the company’s stock.

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.