Asure Software (NASDAQ:ASUR) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Asure Software Inc (NASDAQ:ASUR) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.80 and traded as high as $9.01. Asure Software shares last traded at $8.99, with a volume of 94,592 shares.

Analysts Set New Price Targets

Several brokerages have recently commented on ASUR. Weiss Ratings restated a “sell (d-)” rating on shares of Asure Software in a research report on Wednesday, October 8th. Barrington Research reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Asure Software in a report on Tuesday, December 9th. Six research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $13.60.

Asure Software Stock Up 1.4%

The firm has a market cap of $249.56 million, a PE ratio of -14.50, a price-to-earnings-growth ratio of 1.76 and a beta of 0.40. The company has a 50-day simple moving average of $8.27 and a 200-day simple moving average of $8.80. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.08 and a quick ratio of 1.07.

Institutional Investors Weigh In On Asure Software

Several large investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. boosted its holdings in shares of Asure Software by 11.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 13,409 shares of the technology company’s stock valued at $131,000 after buying an additional 1,378 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Asure Software by 3.9% in the 2nd quarter. American Century Companies Inc. now owns 50,462 shares of the technology company’s stock valued at $493,000 after buying an additional 1,900 shares during the period. Anchor Capital Advisors LLC boosted its stake in shares of Asure Software by 2.1% in the third quarter. Anchor Capital Advisors LLC now owns 118,859 shares of the technology company’s stock worth $975,000 after buying an additional 2,396 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in Asure Software by 107.8% during the third quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock worth $41,000 after acquiring an additional 2,586 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in Asure Software by 4.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 67,467 shares of the technology company’s stock worth $644,000 after acquiring an additional 2,791 shares during the period. 71.58% of the stock is owned by hedge funds and other institutional investors.

Asure Software Company Profile

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.