Asure Software Inc (NASDAQ:ASUR) Receives Consensus Rating of “Moderate Buy” from Analysts

Asure Software Inc (NASDAQ:ASUR) has received an average rating of “Moderate Buy” from the five research firms that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $15.00.

ASUR has been the subject of a number of research reports. TD Cowen raised shares of Asure Software to a “strong-buy” rating in a research report on Monday, May 18th. Wall Street Zen upgraded Asure Software from a “hold” rating to a “buy” rating in a research note on Saturday. Zacks Research downgraded Asure Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. 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. Finally, Weiss Ratings raised shares of Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd.

Asure Software Price Performance

Asure Software stock opened at $8.28 on Wednesday. Asure Software has a 52 week low of $6.80 and a 52 week high of $11.23. The company’s 50 day moving average price is $8.62 and its two-hundred day moving average price is $8.77. The stock has a market cap of $237.47 million, a P/E ratio of -23.00, a P/E/G ratio of 1.03 and a beta of 0.50. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.31.

Institutional Investors Weigh In On Asure Software

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Rice Hall James & Associates LLC grew its position in shares of Asure Software by 39.2% in the fourth quarter. Rice Hall James & Associates LLC now owns 595,201 shares of the technology company’s stock valued at $5,607,000 after purchasing an additional 167,756 shares in the last quarter. North Star Investment Management Corp. bought a new position in Asure Software in the 1st quarter worth about $1,533,000. ArrowMark Colorado Holdings LLC grew its holdings in Asure Software by 7.7% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 866,474 shares of the technology company’s stock valued at $7,105,000 after buying an additional 62,231 shares in the last quarter. Skylands Capital LLC increased its position in shares of Asure Software by 48.2% during the first quarter. Skylands Capital LLC now owns 40,638 shares of the technology company’s stock valued at $349,000 after buying an additional 13,211 shares during the period. Finally, Needham Investment Management LLC lifted its holdings in shares of Asure Software by 1.5% in the fourth quarter. Needham Investment Management LLC now owns 2,570,000 shares of the technology company’s stock worth $24,209,000 after buying an additional 37,500 shares in the last quarter. Institutional investors own 71.58% of the company’s stock.

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.