Asure Software Inc (NASDAQ:ASUR) Given Average Recommendation of “Moderate Buy” by Analysts

Asure Software Inc (NASDAQ:ASUR) has earned an average rating of “Moderate Buy” from the five analysts that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $15.00.

Several analysts have recently commented on the stock. Weiss Ratings raised shares of Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. Wall Street Zen raised shares of Asure Software from a “hold” rating to a “buy” rating in a research note on Saturday. TD Cowen raised Asure Software to a “strong-buy” rating in a research note on Monday, May 18th. Zacks Research lowered Asure Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, Barrington Research reiterated an “outperform” rating and issued a $15.00 target price on shares of Asure Software in a report on Friday, April 24th.

Asure Software Trading Down 1.7%

NASDAQ ASUR opened at $8.28 on Wednesday. The business has a 50 day simple moving average of $8.62 and a 200 day simple moving average of $8.77. Asure Software has a one year low of $6.80 and a one year high of $11.23. The stock has a market capitalization of $237.47 million, a P/E ratio of -23.00, a P/E/G ratio of 1.03 and a beta of 0.50. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.05 and a quick ratio of 1.04.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. BNP Paribas Financial Markets raised its holdings 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 worth $41,000 after acquiring an additional 2,586 shares during the last quarter. Tower Research Capital LLC TRC lifted its holdings 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 in the last quarter. Steward Partners Investment Advisory LLC purchased a new position in shares of Asure Software during the fourth quarter valued at approximately $66,000. Boston Partners bought a new stake in Asure Software during the fourth quarter worth $108,000. Finally, Invesco Ltd. purchased a new stake in Asure Software in the 2nd quarter valued at $112,000. 71.58% of the stock is currently owned by institutional investors and hedge funds.

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.