Asure Software (NASDAQ:ASUR) Downgraded by Wall Street Zen to “Hold”

Wall Street Zen lowered shares of Asure Software (NASDAQ:ASUR) from a buy rating to a hold rating in a research note issued to investors on Sunday.

A number of other analysts have also weighed in on the stock. TD Cowen upgraded shares of Asure Software to a “strong-buy” rating in a research note on Monday, May 18th. Zacks Research lowered shares of Asure Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Weiss Ratings raised Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Asure Software Stock Performance

ASUR opened at $9.07 on Friday. Asure Software has a 12-month low of $6.80 and a 12-month high of $10.20. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31. The firm has a market capitalization of $261.94 million, a PE ratio of -31.27, a P/E/G ratio of 1.08 and a beta of 0.49. The firm has a 50 day moving average of $8.25 and a two-hundred day moving average of $8.49.

Insider Activity

In related news, Director Bjorn Reynolds sold 15,420 shares of the 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 sale, the director directly owned 31,162 shares of the company’s stock, valued at approximately $260,202.70. This represents a 33.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 8.90% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jupiter Topco LLC acquired a new stake in Asure Software in the second quarter valued at approximately $14,537,000. BlackRock Inc. purchased a new stake in shares of Asure Software in the second quarter valued at approximately $13,113,000. Rice Hall James & Associates LLC acquired a new position in shares of Asure Software during the 2nd quarter worth approximately $5,603,000. S Squared Technology LLC acquired a new position in shares of Asure Software during the 2nd quarter worth approximately $3,170,918. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Asure Software during the 2nd quarter valued at approximately $1,905,000. Hedge funds and other institutional investors 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.