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

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

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

Asure Software Price Performance

Shares of NASDAQ:ASUR opened at $8.74 on Friday. The firm’s 50 day moving average price is $8.20 and its 200 day moving average price is $8.50. The stock has a market cap of $252.41 million, a price-to-earnings ratio of -30.14, a price-to-earnings-growth ratio of 1.04 and a beta of 0.49. Asure Software has a fifty-two week low of $6.80 and a fifty-two week high of $10.20. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.31.

Insiders Place Their Bets

In other Asure Software news, Director Bjorn Reynolds sold 15,420 shares of the business’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $8.35, for a total value of $128,757.00. Following the completion of the sale, the director owned 31,162 shares in the company, valued at approximately $260,202.70. The trade was a 33.10% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 8.90% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of ASUR. BNP Paribas Financial Markets boosted its stake in shares of Asure Software by 107.7% during 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 during the period. Tower Research Capital LLC TRC increased its position in 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 period. Steward Partners Investment Advisory LLC purchased a new stake in Asure Software during the 4th quarter valued at approximately $66,000. Ancora Advisors LLC purchased a new stake in Asure Software during the 2nd quarter valued at approximately $79,000. Finally, Boston Partners acquired a new stake in Asure Software during the 4th quarter worth approximately $108,000. 71.58% of the stock is currently owned by institutional investors and hedge funds.

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.