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

Asure Software (NASDAQ:ASUR) was upgraded by investment analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

A number of other brokerages have also recently commented on ASUR. Barrington Research reaffirmed an “outperform” rating and set a $15.00 target price on shares of Asure Software in a report on Friday, February 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Asure Software in a research note on Wednesday, January 21st. Two analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Asure Software presently has a consensus rating of “Hold” and a consensus price target of $15.00.

Asure Software Stock Performance

Asure Software stock opened at $7.91 on Friday. The business has a 50-day simple moving average of $8.68 and a two-hundred day simple moving average of $8.56. The company has a market cap of $224.41 million, a P/E ratio of -16.83, a P/E/G ratio of 0.98 and a beta of 0.45. Asure Software has a 52-week low of $6.80 and a 52-week high of $11.48. The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.32.

Institutional Investors Weigh In On Asure Software

Institutional investors have recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets lifted its holdings in shares of Asure Software by 107.8% in the third quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock worth $41,000 after buying an additional 2,586 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in shares of Asure Software by 446.8% during the second quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock worth $65,000 after acquiring an additional 5,451 shares during the last quarter. Steward Partners Investment Advisory LLC purchased a new position in Asure Software during the fourth quarter valued at $66,000. Tripletail Wealth Management LLC purchased a new position in Asure Software during the third quarter valued at $75,000. Finally, Invesco Ltd. bought a new stake in Asure Software in the 2nd quarter valued at $112,000. 71.58% of the stock is owned by hedge funds and other institutional investors.

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.