Asure Software Inc (NASDAQ:ASUR) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Asure Software Inc (NASDAQ:ASUR) have been given an average rating of “Moderate Buy” by the five analysts that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $13.00.

ASUR has been the topic of several research reports. Stephens started coverage on Asure Software in a research report on Friday. They issued an “overweight” rating and a $11.00 target price on the stock. TD Cowen raised Asure Software to a “strong-buy” rating in a report on Monday, May 18th. Zacks Research lowered shares of Asure Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Wall Street Zen lowered Asure Software from a “buy” rating to a “hold” rating in a research report on Sunday, August 30th. Finally, Weiss Ratings upgraded Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd.

Asure Software Stock Performance

Shares of Asure Software stock traded up $0.01 during midday trading on Friday, hitting $9.16. The company had a trading volume of 4,701 shares, compared to its average volume of 106,385. The company has a fifty day simple moving average of $8.36 and a 200 day simple moving average of $8.52. The stock has a market cap of $264.48 million, a price-to-earnings ratio of -31.58, a PEG ratio of 1.07 and a beta of 0.52. Asure Software has a 12-month low of $6.80 and a 12-month high of $10.20. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.31.

Insider Activity

In other Asure Software news, Director Bjorn Reynolds sold 15,420 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $8.35, for a total value of $128,757.00. Following the sale, the director owned 31,162 shares of the company’s stock, valued at $260,202.70. The trade was a 33.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Asure Software

Large investors have recently modified their holdings of the company. Bank of America Corp DE purchased a new stake in Asure Software during the 2nd quarter worth about $348,000. Jupiter Topco LLC purchased a new position in shares of Asure Software in the 2nd quarter valued at approximately $14,537,000. Ancora Advisors LLC purchased a new position in Asure Software during the 2nd quarter worth $79,000. S Squared Technology LLC purchased a new position in Asure Software during the second quarter worth about $3,170,918. Finally, CM Wealth Advisors LLC acquired a new stake in shares of Asure Software in the 2nd quarter valued at approximately $233,000. 71.58% of the stock is owned by hedge funds and other institutional investors.

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.