Asure Software (NASDAQ:ASUR) Coverage Initiated at Stephens

Analysts at Stephens started coverage on shares of Asure Software (NASDAQ:ASUR) in a research note issued on Friday. The brokerage set an “overweight” rating and a $11.00 price target on the technology company’s stock. Stephens’ target price indicates a potential upside of 20.55% from the company’s previous close.

Other equities research analysts have also recently issued reports about the stock. TD Cowen raised shares of Asure Software to a “strong-buy” rating in a research report on Monday, May 18th. Wall Street Zen downgraded shares of Asure Software from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. Weiss Ratings raised Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. Finally, Zacks Research downgraded Asure Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, two have 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.com, Asure Software has an average rating of “Moderate Buy” and an average target price of $13.00.

Asure Software Trading Down 0.3%

NASDAQ:ASUR traded down $0.03 during trading hours on Friday, hitting $9.12. The company had a trading volume of 4,418 shares, compared to its average volume of 106,360. The company has a market capitalization of $263.53 million, a PE ratio of -31.59, a price-to-earnings-growth ratio of 1.07 and a beta of 0.52. The stock has a 50-day moving average price of $8.36 and a 200 day moving average price of $8.52. Asure Software has a 52 week low of $6.80 and a 52 week high of $10.20. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.06 and a quick ratio of 1.05.

Insider Buying and Selling

In other news, Director Bjorn Reynolds sold 15,420 shares of the business’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $8.35, for a total transaction of $128,757.00. Following 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 position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 8.90% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Bank of America Corp DE bought a new stake in Asure Software during the second quarter worth about $348,000. Jupiter Topco LLC bought a new position in shares of Asure Software during the second quarter valued at approximately $14,537,000. Ancora Advisors LLC bought a new position in shares of Asure Software during the second quarter valued at approximately $79,000. S Squared Technology LLC purchased a new position in shares of Asure Software during the second quarter valued at approximately $3,170,918. Finally, CM Wealth Advisors LLC purchased a new position in shares of Asure Software during the second quarter valued at approximately $233,000. 71.58% of the stock is 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.