Asure Software (NASDAQ:ASUR) Stock Passes Above 200 Day Moving Average – What’s Next?

Asure Software Inc (NASDAQ:ASUR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.69 and traded as high as $9.97. Asure Software shares last traded at $9.86, with a volume of 79,557 shares changing hands.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. Barrington Research restated an “outperform” rating and issued a $15.00 target price on shares of Asure Software in a report on Tuesday, December 9th. Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Asure Software has an average rating of “Moderate Buy” and a consensus price target of $14.33.

Asure Software Price Performance

The stock has a market cap of $273.71 million, a PE ratio of -15.90, a P/E/G ratio of 1.31 and a beta of 0.40. The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.07 and a current ratio of 1.08. The business has a 50 day moving average price of $9.00 and a two-hundred day moving average price of $8.69.

Institutional Investors Weigh In On Asure Software

Large investors have recently made changes to their positions in the business. PNC Financial Services Group Inc. raised its stake in shares of Asure Software by 11.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 13,409 shares of the technology company’s stock worth $131,000 after purchasing an additional 1,378 shares during the period. American Century Companies Inc. grew its position in Asure Software by 3.9% during the second quarter. American Century Companies Inc. now owns 50,462 shares of the technology company’s stock valued at $493,000 after buying an additional 1,900 shares during the period. Anchor Capital Advisors LLC grew its position in Asure Software by 2.1% during the third quarter. Anchor Capital Advisors LLC now owns 118,859 shares of the technology company’s stock valued at $975,000 after buying an additional 2,396 shares during the period. BNP Paribas Financial Markets increased its holdings in Asure Software by 107.8% during 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 during the last quarter. Finally, Tower Research Capital LLC TRC raised its position in 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 acquiring an additional 5,451 shares during the period. 71.58% of the stock is owned by hedge funds and other 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.