Asure Software (NASDAQ:ASUR) Upgraded by Wall Street Zen to “Buy” Rating

Asure Software (NASDAQ:ASUR) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Saturday.

ASUR has been the subject of several other reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Asure Software in a report on Wednesday, January 21st. Barrington Research restated an “outperform” rating and set a $15.00 price target on shares of Asure Software in a research note on Friday, February 20th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $15.00.

Asure Software Stock Down 0.5%

Shares of NASDAQ:ASUR opened at $7.91 on Friday. Asure Software has a 52-week low of $6.80 and a 52-week high of $11.48. The stock has a market cap of $224.41 million, a P/E ratio of -16.83, a price-to-earnings-growth ratio of 0.99 and a beta of 0.45. The business’s 50 day moving average is $8.68 and its 200 day moving average is $8.55. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.32.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in ASUR. Price T Rowe Associates Inc. MD raised its stake in Asure Software by 10.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,992 shares of the technology company’s stock valued at $349,000 after buying an additional 3,536 shares during the last quarter. Rothschild Wealth LLC purchased a new stake in shares of Asure Software during the fourth quarter worth about $471,000. Rice Hall James & Associates LLC grew its stake in shares of Asure Software by 39.2% during the fourth quarter. Rice Hall James & Associates LLC now owns 595,201 shares of the technology company’s stock worth $5,607,000 after acquiring an additional 167,756 shares during the last quarter. Needham Investment Management LLC increased its holdings in shares of Asure Software by 1.5% during the fourth quarter. Needham Investment Management LLC now owns 2,570,000 shares of the technology company’s stock valued at $24,209,000 after acquiring an additional 37,500 shares in the last quarter. Finally, Barclays PLC increased its holdings in shares of Asure Software by 8.3% during the fourth quarter. Barclays PLC now owns 39,357 shares of the technology company’s stock valued at $371,000 after acquiring an additional 3,033 shares in the last quarter. 71.58% of the stock is 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.