Asure Software (NASDAQ:ASUR) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Asure Software (NASDAQ:ASUR) from a buy rating to a hold rating in a research report released on Saturday.

Several other equities analysts also recently issued reports on ASUR. Barrington Research restated an “outperform” rating and issued a $15.00 price objective on shares of Asure Software in a research note on Friday, April 24th. Weiss Ratings upgraded Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. Zacks Research downgraded Asure Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, TD Cowen raised Asure Software to a “strong-buy” rating in a research report on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Asure Software has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Asure Software Trading Up 9.1%

NASDAQ ASUR opened at $8.76 on Friday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.06 and a quick ratio of 1.05. The firm’s fifty day moving average price is $8.33 and its 200 day moving average price is $8.61. The company has a market capitalization of $251.24 million, a price-to-earnings ratio of -30.21, a price-to-earnings-growth ratio of 0.98 and a beta of 0.49. Asure Software has a 12 month low of $6.80 and a 12 month high of $10.20.

Hedge Funds Weigh In On Asure Software

Hedge funds and other institutional investors have recently bought and sold shares of the company. Needham Investment Management LLC increased its stake in shares of Asure Software by 1.5% during the fourth quarter. Needham Investment Management LLC now owns 2,570,000 shares of the technology company’s stock worth $24,209,000 after acquiring an additional 37,500 shares during the period. Janus Henderson Group PLC lifted its position in Asure Software by 10.0% in the first quarter. Janus Henderson Group PLC now owns 1,769,578 shares of the technology company’s stock valued at $15,218,000 after purchasing an additional 161,074 shares during the period. Vanguard Group Inc. boosted its holdings in Asure Software by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,401,318 shares of the technology company’s stock valued at $11,491,000 after purchasing an additional 41,539 shares in the last quarter. Dimensional Fund Advisors LP boosted its holdings in Asure Software by 4.2% in the 1st quarter. Dimensional Fund Advisors LP now owns 959,444 shares of the technology company’s stock valued at $8,251,000 after purchasing an additional 38,427 shares in the last quarter. Finally, Swedbank AB increased its position in Asure Software by 6.7% during the 1st quarter. Swedbank AB now owns 800,000 shares of the technology company’s stock worth $6,880,000 after purchasing an additional 50,000 shares during the period. 71.58% of the stock is currently 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.