Asure Software (NASDAQ:ASUR) Upgraded at Wall Street Zen

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

Other research analysts also recently issued research reports about the company. Zacks Research downgraded Asure Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. TD Cowen raised Asure Software to a “strong-buy” rating in a research note on Monday, May 18th. Weiss Ratings upgraded Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday. Finally, Barrington Research reaffirmed an “outperform” rating and set a $15.00 price target on shares of Asure Software in a research note on Friday, April 24th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Asure Software Price Performance

ASUR opened at $8.19 on Friday. Asure Software has a one year low of $6.80 and a one year high of $11.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.05 and a quick ratio of 1.04. The company’s 50 day simple moving average is $8.64 and its 200-day simple moving average is $8.78. The stock has a market capitalization of $234.89 million, a P/E ratio of -22.75, a price-to-earnings-growth ratio of 1.00 and a beta of 0.50.

Institutional Trading of Asure Software

A number of institutional investors and hedge funds have recently modified their holdings of the stock. BNP Paribas Financial Markets raised its position in shares of Asure Software by 107.7% 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 period. Tower Research Capital LLC TRC grew its holdings 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 valued at $65,000 after purchasing an additional 5,451 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in Asure Software during the fourth quarter valued at approximately $66,000. Boston Partners bought a new stake in Asure Software in the fourth quarter valued at approximately $108,000. Finally, Invesco Ltd. bought a new stake in Asure Software in the second quarter valued at approximately $112,000. 71.58% of the stock is owned by institutional investors.

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.