Asure Software (NASDAQ:ASUR) Cut to “Hold” at Wall Street Zen

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

A number of other equities research analysts have also weighed in on the stock. TD Cowen raised shares of Asure Software to a “strong-buy” rating in a report on Monday, May 18th. Weiss Ratings restated a “sell (d-)” rating on shares of Asure Software in a research report on Monday, April 20th. Zacks Research downgraded shares of Asure Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, Barrington Research restated an “outperform” rating and issued a $15.00 price target on shares of Asure Software in a research report on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Asure Software Price Performance

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

Hedge Funds Weigh In On Asure Software

Several hedge funds have recently made changes to their positions in ASUR. Jane Street Group LLC acquired a new position in shares of Asure Software in the 1st quarter worth approximately $240,000. American Century Companies Inc. lifted its stake in Asure Software by 3.9% in the second quarter. American Century Companies Inc. now owns 50,462 shares of the technology company’s stock valued at $493,000 after acquiring an additional 1,900 shares during the last quarter. Invesco Ltd. acquired a new stake in Asure Software in the second quarter valued at approximately $112,000. Wasatch Advisors LP raised its position in shares of Asure Software by 19.6% in the second quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company’s stock valued at $7,515,000 after purchasing an additional 126,450 shares during the period. Finally, Tower Research Capital LLC TRC raised 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 valued at $65,000 after purchasing an additional 5,451 shares during the period. Institutional investors and hedge funds own 71.58% of the company’s stock.

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.