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

Shares of Asure Software Inc (NASDAQ:ASUR) have been given an average recommendation of “Moderate Buy” by the seven analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and six have issued a buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $13.60.

ASUR has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Asure Software in a report on Wednesday, October 8th. Barrington Research reissued an “outperform” rating and set a $15.00 price target on shares of Asure Software in a research note on Monday, November 3rd.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. BNP Paribas Financial Markets increased its position in Asure Software by 107.8% in the third 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 last quarter. Tower Research Capital LLC TRC grew 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 worth $65,000 after buying an additional 5,451 shares in the last quarter. Tripletail Wealth Management LLC bought a new stake in shares of Asure Software in the 3rd quarter worth about $75,000. Invesco Ltd. purchased a new stake in shares of Asure Software during the 2nd quarter valued at about $112,000. Finally, R Squared Ltd bought a new position in shares of Asure Software in the 2nd quarter valued at about $123,000. 71.58% of the stock is owned by hedge funds and other institutional investors.

Asure Software Stock Performance

NASDAQ:ASUR opened at $8.06 on Wednesday. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.33. Asure Software has a 12-month low of $7.63 and a 12-month high of $12.74. The stock has a 50-day moving average price of $8.20 and a 200 day moving average price of $8.88. The stock has a market capitalization of $223.75 million, a P/E ratio of -13.00, a P/E/G ratio of 1.57 and a beta of 0.40.

About Asure Software

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.