Asure Software (NASDAQ:ASUR) Stock Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Asure Software Inc (NASDAQ:ASUR)’s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.77 and traded as high as $9.17. Asure Software shares last traded at $9.04, with a volume of 51,353 shares traded.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Barrington Research restated an “outperform” rating and issued a $15.00 target price on shares of Asure Software in a research note on Tuesday, December 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Asure Software in a research note on Wednesday, October 8th. Five research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $14.25.

Asure Software Trading Up 1.8%

The firm has a market cap of $254.98 million, a P/E ratio of -14.73, a price-to-earnings-growth ratio of 1.79 and a beta of 0.40. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.33. The company’s fifty day moving average price is $8.36 and its two-hundred day moving average price is $8.77.

Institutional Trading of Asure Software

Several large investors have recently made changes to their positions in the business. Wasatch Advisors LP grew its holdings in Asure Software by 19.6% during the 2nd quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company’s stock worth $7,515,000 after acquiring an additional 126,450 shares during the last quarter. Diamond Hill Capital Management Inc. increased its holdings in shares of Asure Software by 43.8% in the third quarter. Diamond Hill Capital Management Inc. now owns 267,759 shares of the technology company’s stock valued at $2,196,000 after purchasing an additional 81,550 shares in the last quarter. Kennedy Capital Management LLC raised its position in Asure Software by 18.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 514,963 shares of the technology company’s stock worth $4,223,000 after purchasing an additional 80,716 shares during the last quarter. Nuveen LLC acquired a new position in Asure Software during the 1st quarter worth $709,000. Finally, Inspire Investing LLC bought a new position in Asure Software in the 1st quarter valued at $703,000. 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.