Asure Software (NASDAQ:ASUR) Upgraded to Strong-Buy at TD Cowen

TD Cowen upgraded shares of Asure Software (NASDAQ:ASUR) to a strong-buy rating in a report released on Monday morning,Zacks.com reports.

Several other research firms have also commented on ASUR. Zacks Research upgraded shares of Asure Software from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. Wall Street Zen lowered shares of Asure Software from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Barrington Research restated an “outperform” rating and issued a $15.00 target price on shares of Asure Software in a report on Friday, April 24th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Asure Software in a report on Monday, April 20th. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Asure Software presently has an average rating of “Buy” and an average target price of $15.00.

Asure Software Price Performance

Asure Software stock opened at $8.59 on Monday. 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 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.31. The firm’s 50-day simple moving average is $8.74 and its 200 day simple moving average is $8.70. The firm has a market capitalization of $246.36 million, a PE ratio of -23.86, a P/E/G ratio of 1.04 and a beta of 0.48.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Needham Investment Management LLC lifted its holdings in Asure Software by 1.5% in the 4th quarter. Needham Investment Management LLC now owns 2,570,000 shares of the technology company’s stock valued at $24,209,000 after purchasing an additional 37,500 shares in the last quarter. Janus Henderson Group PLC increased its stake in shares of Asure Software by 10.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,769,578 shares of the technology company’s stock valued at $15,218,000 after acquiring an additional 161,074 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Asure Software by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,401,318 shares of the technology company’s stock valued at $11,491,000 after acquiring an additional 41,539 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Asure Software by 4.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 959,444 shares of the technology company’s stock valued at $8,251,000 after acquiring an additional 38,427 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC increased its stake in shares of Asure Software by 7.7% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 866,474 shares of the technology company’s stock valued at $7,105,000 after acquiring an additional 62,231 shares during the last quarter. 71.58% of the stock is currently 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.