Asure Software (NASDAQ:ASUR) Stock Rating Upgraded by Wall Street Zen

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

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

Asure Software Price Performance

Shares of ASUR opened at $9.25 on Friday. The firm has a market cap of $265.29 million, a PE ratio of -25.69, a PEG ratio of 1.07 and a beta of 0.48. The firm’s 50 day moving average price is $8.70 and its 200 day moving average price is $8.73. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.04 and a current ratio of 1.05. 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

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Unified Investment Management grew its stake in shares of Asure Software by 4.4% in the first quarter. Unified Investment Management now owns 38,550 shares of the technology company’s stock worth $332,000 after acquiring an additional 1,625 shares during the last quarter. Anchor Capital Advisors LLC grew its stake in shares of Asure Software by 1.5% in the fourth quarter. Anchor Capital Advisors LLC now owns 120,674 shares of the technology company’s stock worth $1,137,000 after acquiring an additional 1,815 shares during the last quarter. American Century Companies Inc. grew its stake in shares of Asure Software by 3.9% in the second quarter. American Century Companies Inc. now owns 50,462 shares of the technology company’s stock worth $493,000 after acquiring an additional 1,900 shares during the last quarter. Deutsche Bank AG grew its stake in shares of Asure Software by 13.8% in the fourth quarter. Deutsche Bank AG now owns 17,905 shares of the technology company’s stock worth $169,000 after acquiring an additional 2,176 shares during the last quarter. Finally, PNC Financial Services Group Inc. grew its stake in shares of Asure Software by 13.4% in the first quarter. PNC Financial Services Group Inc. now owns 20,492 shares of the technology company’s stock worth $176,000 after acquiring an additional 2,425 shares during the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.

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.