Asure Software (NASDAQ:ASUR) Stock Passes Above 200-Day Moving Average – Here’s Why

Asure Software Inc (NASDAQ:ASUR) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.74 and traded as high as $9.79. Asure Software shares last traded at $9.49, with a volume of 66,644 shares traded.

Wall Street Analyst Weigh In

ASUR has been the subject of several analyst reports. Barrington Research reiterated an “outperform” rating and set a $15.00 price objective on shares of Asure Software in a research 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. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Asure Software has a consensus rating of “Moderate Buy” and a consensus price target of $14.33.

Asure Software Trading Down 2.1%

The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average price of $8.61 and a 200-day moving average price of $8.74. The company has a market capitalization of $263.44 million, a price-to-earnings ratio of -15.31, a PEG ratio of 1.29 and a beta of 0.40.

Institutional Investors Weigh In On Asure Software

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted its holdings in 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 acquiring an additional 2,586 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings 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 purchasing an additional 5,451 shares in the last quarter. Tripletail Wealth Management LLC acquired a new stake in Asure Software during the third quarter valued at approximately $75,000. Invesco Ltd. acquired a new stake in Asure Software during the second quarter valued at approximately $112,000. Finally, R Squared Ltd bought a new stake in Asure Software during the second quarter worth approximately $123,000. 71.58% of the stock is currently owned by institutional investors.

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.