Asure Software Inc (NASDAQ:ASUR) Receives Average Rating of “Buy” from Analysts

Asure Software Inc (NASDAQ:ASUR) has been given an average recommendation of “Buy” by the five ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price target among analysts that have issued ratings on the stock in the last year is $15.00.

A number of brokerages have issued reports on ASUR. Wall Street Zen lowered Asure Software from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Barrington Research restated an “outperform” rating and set a $15.00 price objective on shares of Asure Software in a research report on Friday, April 24th. TD Cowen upgraded Asure Software to a “strong-buy” rating in a research report on Monday. Weiss Ratings restated a “sell (d-)” rating on shares of Asure Software in a research report on Monday, April 20th. Finally, Zacks Research upgraded Asure Software from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Jane Street Group LLC bought a new position in shares of Asure Software in the 1st quarter valued at about $240,000. American Century Companies Inc. lifted its holdings in shares of Asure Software by 3.9% in the 2nd quarter. American Century Companies Inc. now owns 50,462 shares of the technology company’s stock valued at $493,000 after acquiring an additional 1,900 shares during the last quarter. Invesco Ltd. bought a new position in shares of Asure Software in the 2nd quarter valued at about $112,000. Wasatch Advisors LP lifted its holdings in shares of Asure Software by 19.6% in the 2nd quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company’s stock valued at $7,515,000 after acquiring an additional 126,450 shares during the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Asure Software by 446.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock valued at $65,000 after acquiring an additional 5,451 shares during the last quarter. Hedge funds and other institutional investors own 71.58% of the company’s stock.

Asure Software Trading Up 0.7%

Shares of ASUR stock opened at $8.59 on Tuesday. Asure Software has a 52-week low of $6.80 and a 52-week high of $11.48. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.04 and a current ratio of 1.05. The firm has a market capitalization of $246.36 million, a PE ratio of -23.86, a PEG ratio of 1.04 and a beta of 0.48. The stock has a fifty day simple moving average of $8.74 and a two-hundred day simple moving average of $8.70.

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.