Asure Software (NASDAQ:ASUR) Lowered to “Hold” Rating by Zacks Research

Zacks Research downgraded shares of Asure Software (NASDAQ:ASUR) from a strong-buy rating to a hold rating in a report issued on Wednesday morning,Zacks.com reports.

A number of other research firms have also recently weighed in on ASUR. Barrington Research reaffirmed an “outperform” rating and set a $15.00 price target on shares of Asure Software in a report on Friday, April 24th. Wall Street Zen cut Asure Software from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. TD Cowen raised Asure Software to a “strong-buy” rating in a report on Monday. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Asure Software in a report on Monday, April 20th. 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 issued a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Asure Software Trading Up 0.6%

ASUR stock opened at $8.79 on Wednesday. The business has a fifty day moving average price of $8.70 and a 200 day moving average price of $8.71. Asure Software has a fifty-two week low of $6.80 and a fifty-two week high of $11.48. The stock has a market capitalization of $252.10 million, a price-to-earnings ratio of -24.42, a P/E/G ratio of 1.07 and a beta of 0.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.05 and a quick ratio of 1.04.

Institutional Investors Weigh In On Asure Software

Hedge funds and other institutional investors have recently made changes to their positions in the company. BNP Paribas Financial Markets increased its stake in shares of Asure Software by 107.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock valued at $41,000 after buying an additional 2,586 shares during the period. Tower Research Capital LLC TRC increased 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 buying an additional 5,451 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in shares of Asure Software in the 4th quarter valued at $66,000. Invesco Ltd. acquired a new stake in shares of Asure Software in the 2nd quarter valued at $112,000. Finally, Boston Partners acquired a new stake in shares of Asure Software in the 4th quarter valued at $108,000. 71.58% of the stock is owned by institutional investors and hedge funds.

About Asure Software

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.