Asure Software Inc (NASDAQ:ASUR) Given Consensus Rating of “Moderate Buy” by Analysts

Asure Software Inc (NASDAQ:ASUR) has been given a consensus rating of “Moderate Buy” by the five analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $15.00.

A number of research firms have recently weighed in on ASUR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Asure Software in a research note on Monday, April 20th. Wall Street Zen lowered Asure Software from a “buy” rating to a “hold” rating in a research note on Saturday. TD Cowen upgraded Asure Software to a “strong-buy” rating in a research report on Monday, May 18th. Barrington Research reiterated an “outperform” rating and issued a $15.00 target price on shares of Asure Software in a research report on Friday, April 24th. Finally, Zacks Research downgraded Asure Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th.

Asure Software Stock Performance

NASDAQ ASUR opened at $8.79 on Friday. The firm has a market cap of $252.10 million, a price-to-earnings ratio of -24.42, a price-to-earnings-growth ratio of 1.06 and a beta of 0.48. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.31. The business has a 50-day moving average price of $8.86 and a 200-day moving average price of $8.80. Asure Software has a twelve month low of $6.80 and a twelve month high of $11.48.

Institutional Investors Weigh In On Asure Software

Hedge funds have recently made changes to their positions in the company. BNP Paribas Financial Markets lifted 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 worth $41,000 after buying an additional 2,586 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Asure Software by 446.8% in the second quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock worth $65,000 after buying an additional 5,451 shares in the last quarter. Steward Partners Investment Advisory LLC purchased a new stake in shares of Asure Software in the fourth quarter worth about $66,000. Boston Partners purchased a new stake in shares of Asure Software in the fourth quarter worth about $108,000. Finally, Invesco Ltd. purchased a new stake in shares of Asure Software in the second quarter worth about $112,000. 71.58% of the stock is currently owned by hedge funds and other 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.