Asure Software Inc (NASDAQ:ASUR) Receives Average Rating of “Moderate Buy” from Brokerages

Asure Software Inc (NASDAQ:ASUR) has been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and five have assigned a buy rating to the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $14.25.

A number of brokerages recently issued reports on ASUR. Barrington Research reiterated an “outperform” rating and issued a $15.00 price target on shares of Asure Software in a research note on Tuesday, December 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Asure Software in a report on Wednesday, October 8th.

Asure Software Trading Up 3.2%

Asure Software stock opened at $9.31 on Friday. Asure Software has a 12 month low of $7.63 and a 12 month high of $12.74. The company has a market capitalization of $258.45 million, a price-to-earnings ratio of -15.02, a price-to-earnings-growth ratio of 1.84 and a beta of 0.40. The business’s fifty day simple moving average is $8.38 and its two-hundred day simple moving average is $8.76. 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 Trading of Asure Software

Several institutional investors have recently added to or reduced their stakes in the business. BNP Paribas Financial Markets increased its holdings 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 worth $41,000 after purchasing an additional 2,586 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Asure Software by 446.8% during the second 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 last quarter. Tripletail Wealth Management LLC purchased a new stake in shares of Asure Software during the third quarter valued at $75,000. Invesco Ltd. bought a new stake in Asure Software in the 2nd quarter worth about $112,000. Finally, R Squared Ltd purchased a new position in Asure Software in the 2nd quarter worth about $123,000. 71.58% of the stock is currently owned by hedge funds and other institutional investors.

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.