Asure Software (NASDAQ:ASUR) Share Price Crosses Above 200-Day Moving Average – What’s Next?

Asure Software Inc (NASDAQ:ASUR) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.77 and traded as high as $9.17. Asure Software shares last traded at $9.04, with a volume of 51,353 shares.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ASUR shares. Barrington Research reissued an “outperform” rating and set a $15.00 price objective on shares of Asure Software in a report on Tuesday, December 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Asure Software in a research report on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $14.25.

Asure Software Price Performance

The company has a market capitalization of $250.95 million, a PE ratio of -14.58, a PEG ratio of 1.78 and a beta of 0.40. The firm has a fifty day moving average of $8.34 and a two-hundred day moving average of $8.77. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.33.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. ArrowMark Colorado Holdings LLC raised its holdings in Asure Software by 7.7% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 866,474 shares of the technology company’s stock valued at $7,105,000 after buying an additional 62,231 shares during the last quarter. Kennedy Capital Management LLC grew its holdings in Asure Software by 18.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 514,963 shares of the technology company’s stock worth $4,223,000 after acquiring an additional 80,716 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Asure Software by 107.8% in the third quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock valued at $41,000 after acquiring an additional 2,586 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Asure Software by 0.6% during the third quarter. Dimensional Fund Advisors LP now owns 925,362 shares of the technology company’s stock valued at $7,588,000 after acquiring an additional 5,855 shares during the last quarter. Finally, Royce & Associates LP boosted its holdings in shares of Asure Software by 13.5% during the third quarter. Royce & Associates LP now owns 334,178 shares of the technology company’s stock worth $2,740,000 after purchasing an additional 39,719 shares during the period. 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.