Wall Street Zen Upgrades Asure Software (NASDAQ:ASUR) to “Buy”

Asure Software (NASDAQ:ASUR) was upgraded by Wall Street Zen from a “hold” rating to a “buy” rating in a report issued on Monday, Wall Street Zen reports.

A number of other equities analysts have also recently issued reports on ASUR. Zacks Research cut Asure Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. TD Cowen upgraded Asure Software to a “strong-buy” rating in a research note on Monday, May 18th. Stephens initiated coverage on Asure Software in a research report on Friday, September 4th. They set an “overweight” rating and a $11.00 target price for the company. Finally, Weiss Ratings upgraded Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Asure Software presently has an average rating of “Moderate Buy” and an average target price of $13.00.

Asure Software Stock Performance

Asure Software stock opened at $8.85 on Monday. 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 has a market capitalization of $255.58 million, a P/E ratio of -30.52, a price-to-earnings-growth ratio of 1.10 and a beta of 0.52. Asure Software has a 1-year low of $6.80 and a 1-year high of $10.20. The company’s 50-day moving average is $8.43 and its 200 day moving average is $8.56.

Insider Transactions at Asure Software

In other Asure Software news, Director Bjorn Reynolds sold 15,420 shares of the firm’s stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $8.35, for a total transaction of $128,757.00. Following the transaction, the director directly owned 31,162 shares in the company, valued at $260,202.70. This trade represents a 33.10% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 8.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Asure Software

Several hedge funds have recently made changes to their positions in the company. Jupiter Topco LLC purchased a new position in shares of Asure Software during the second quarter valued at $14,537,000. BlackRock Inc. bought a new position in Asure Software during the 2nd quarter worth about $13,113,000. Rice Hall James & Associates LLC purchased a new position in Asure Software during the 2nd quarter valued at about $5,603,000. S Squared Technology LLC bought a new stake in shares of Asure Software in the 2nd quarter valued at about $3,170,918. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Asure Software in the 2nd quarter worth approximately $1,905,000. 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.