Asure Software Inc (NASDAQ:ASUR) Stock Now Rated “Moderate Buy” by Sell-Side Brokerages

Asure Software Inc (NASDAQ:ASUR) has been assigned an average rating of “Moderate Buy” from the five analysts that are currently covering the company, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $13.00.

ASUR has been the subject of several research reports. Wall Street Zen raised shares of Asure Software from a “hold” rating to a “buy” rating in a report on Monday, September 7th. Stephens assumed coverage on Asure Software in a report on Friday, September 4th. They issued an “overweight” rating and a $11.00 target price on the stock. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Asure Software in a research report on Tuesday, September 29th.

Insider Transactions at Asure Software

In other news, Director Bjorn Reynolds sold 15,420 shares of the company’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 transaction of $128,757.00. Following the sale, the director directly owned 31,162 shares of the company’s stock, valued at $260,202.70. This represents a 33.10% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 8.90% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Squarepoint Ops LLC raised its stake in Asure Software by 344.8% during the second quarter. Squarepoint Ops LLC now owns 53,920 shares of the technology company’s stock valued at $428,000 after purchasing an additional 41,798 shares in the last quarter. Bank of America Corp DE bought a new position in shares of Asure Software in the 2nd quarter valued at about $348,000. Jupiter Topco LLC bought a new position in shares of Asure Software in the 2nd quarter valued at about $14,537,000. Ancora Advisors LLC purchased a new position in Asure Software in the second quarter worth about $79,000. Finally, S Squared Technology LLC bought a new stake in Asure Software during the second quarter worth approximately $3,170,918. 71.58% of the stock is owned by hedge funds and other institutional investors.

Asure Software Price Performance

ASUR stock opened at $7.89 on Tuesday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.06. The company’s fifty day moving average price is $8.45 and its 200-day moving average price is $8.49. Asure Software has a one year low of $6.80 and a one year high of $10.20. The company has a market capitalization of $227.86 million, a PE ratio of -27.21, a price-to-earnings-growth ratio of 0.91 and a beta of 0.55.

About Asure Software

Asure Software, Inc provides cloud-based human capital management (HCM) software and services for small and midsized businesses. Its platform is designed to help employers manage core human resources functions, including payroll, payroll tax administration, employee records, time and attendance, benefits administration, talent management and employee self-service.

The company also offers implementation, support and related services, and works with businesses and accounting professionals seeking to streamline workforce administration and compliance processes.