Asure Software (NASDAQ:ASUR) Stock Price Crosses Above 200 Day Moving Average – Here’s What Happened

Asure Software Inc (NASDAQ:ASUR)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.78 and traded as high as $9.06. Asure Software shares last traded at $8.99, with a volume of 66,174 shares changing hands.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ASUR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Asure Software in a research note on Monday, April 20th. Barrington Research reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Asure Software in a research note on Friday, April 24th. TD Cowen upgraded Asure Software to a “strong-buy” rating in a report on Monday, May 18th. Zacks Research downgraded Asure Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Wall Street Zen upgraded Asure Software from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.00.

Asure Software Stock Performance

The stock has a market cap of $257.83 million, a PE ratio of -24.97, a P/E/G ratio of 1.08 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 company has a fifty day moving average price of $8.82 and a 200 day moving average price of $8.78.

Institutional Investors Weigh In On Asure Software

Institutional investors have recently added to or reduced their stakes in the company. BNP Paribas Financial Markets boosted its position in Asure Software by 107.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock valued at $41,000 after buying an additional 2,586 shares during the period. Tower Research Capital LLC TRC boosted its position in Asure Software by 446.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock valued at $65,000 after buying an additional 5,451 shares during the period. Steward Partners Investment Advisory LLC purchased a new stake in Asure Software during the 4th quarter valued at $66,000. Boston Partners purchased a new stake in Asure Software during the 4th quarter valued at $108,000. Finally, Invesco Ltd. purchased a new stake in Asure Software during the 2nd quarter valued at $112,000. Hedge funds and other institutional investors 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.