Asure Software (NASDAQ:ASUR) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Asure Software Inc (NASDAQ:ASUR) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.57 and traded as high as $8.82. Asure Software shares last traded at $8.56, with a volume of 86,851 shares trading hands.

Analysts Set New Price Targets

ASUR has been the topic of a number of recent research reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a research report on Wednesday, January 21st. Barrington Research reaffirmed an “outperform” rating and issued a $15.00 price target on shares of Asure Software in a report on Friday, February 20th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $15.00.

Asure Software Price Performance

The stock has a market cap of $242.85 million, a price-to-earnings ratio of -18.21, a P/E/G ratio of 1.04 and a beta of 0.45. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.07 and a quick ratio of 1.06. The stock’s 50 day simple moving average is $8.83 and its two-hundred day simple moving average is $8.57.

Institutional Trading of Asure Software

Several institutional investors have recently made changes to their positions in the business. BNP Paribas Financial Markets increased its stake 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 valued at $41,000 after acquiring an additional 2,586 shares during the period. Tower Research Capital LLC TRC lifted its stake in 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 worth $65,000 after purchasing an additional 5,451 shares during the period. Steward Partners Investment Advisory LLC acquired a new stake in Asure Software during the fourth quarter valued at approximately $66,000. Tripletail Wealth Management LLC acquired a new stake in Asure Software during the third quarter valued at approximately $75,000. Finally, Invesco Ltd. bought a new stake in shares of Asure Software in the 2nd quarter valued at approximately $112,000. 71.58% of the stock is currently owned by institutional investors and hedge funds.

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.