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

Shares of Asure Software Inc (NASDAQ:ASUR) have received an average recommendation of “Moderate Buy” from the five brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $15.00.

A number of equities research analysts have issued reports on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Asure Software in a research report on Monday, April 20th. TD Cowen upgraded Asure Software to a “strong-buy” rating in a research report on Monday, May 18th. Wall Street Zen downgraded Asure Software from a “buy” rating to a “hold” rating in a research report on Saturday. Zacks Research cut Asure Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Finally, Barrington Research reaffirmed an “outperform” rating and set a $15.00 target price on shares of Asure Software in a research report on Friday, April 24th.

Asure Software Trading Up 1.4%

Shares of ASUR stock opened at $8.79 on Friday. Asure Software has a 1 year low of $6.80 and a 1 year high of $11.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.05 and a quick ratio of 1.04. The stock’s 50 day simple moving average is $8.86 and its two-hundred day simple moving average is $8.80. The company has a market cap of $252.10 million, a PE ratio of -24.42, a price-to-earnings-growth ratio of 1.06 and a beta of 0.48.

Institutional Trading of Asure Software

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ArrowMark Colorado Holdings LLC boosted its position 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 acquiring an additional 62,231 shares in the last quarter. Tower Research Capital LLC TRC boosted its position in Asure Software by 446.8% during 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 in the last quarter. BNP Paribas Financial Markets boosted its position in Asure Software by 107.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock valued at $41,000 after acquiring an additional 2,586 shares in the last quarter. Bank of America Corp DE boosted its position in Asure Software by 106.0% during the 1st quarter. Bank of America Corp DE now owns 49,484 shares of the technology company’s stock valued at $426,000 after acquiring an additional 25,468 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in Asure Software by 179.4% during the 1st quarter. Quantinno Capital Management LP now owns 114,403 shares of the technology company’s stock valued at $984,000 after acquiring an additional 73,451 shares in the last quarter. Institutional investors own 71.58% of the company’s stock.

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.