Asure Software (NASDAQ:ASUR) Cut to “Hold” at Zacks Research

Asure Software (NASDAQ:ASUR) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

Other research analysts have also issued research reports about the stock. TD Cowen upgraded shares of Asure Software to a “strong-buy” rating in a research note on Monday. Barrington Research reaffirmed an “outperform” rating and set a $15.00 price target on shares of Asure Software in a research note on Friday, April 24th. Wall Street Zen cut Asure Software from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Asure Software currently has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Asure Software Stock Up 0.6%

ASUR stock opened at $8.79 on Wednesday. Asure Software has a fifty-two week low of $6.80 and a fifty-two week high of $11.48. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.31. The stock has a market cap of $252.10 million, a PE ratio of -24.42, a price-to-earnings-growth ratio of 1.07 and a beta of 0.48. The firm’s 50-day simple moving average is $8.70 and its 200 day simple moving average is $8.71.

Hedge Funds Weigh In On Asure Software

Hedge funds have recently modified their holdings of the stock. Bank of America Corp DE lifted its holdings in shares of Asure Software by 106.0% during the first quarter. Bank of America Corp DE now owns 49,484 shares of the technology company’s stock valued at $426,000 after purchasing an additional 25,468 shares during the last quarter. Janus Henderson Group PLC increased its stake in Asure Software by 10.0% in the 1st quarter. Janus Henderson Group PLC now owns 1,769,578 shares of the technology company’s stock worth $15,218,000 after purchasing an additional 161,074 shares in the last quarter. Quantinno Capital Management LP increased its stake in Asure Software by 179.4% in the 1st quarter. Quantinno Capital Management LP now owns 114,403 shares of the technology company’s stock worth $984,000 after purchasing an additional 73,451 shares in the last quarter. Rice Hall James & Associates LLC raised its holdings in Asure Software by 12.7% during the 1st quarter. Rice Hall James & Associates LLC now owns 670,944 shares of the technology company’s stock worth $5,770,000 after buying an additional 75,743 shares during the period. Finally, Sei Investments Co. raised its holdings in Asure Software by 97.3% during the 1st quarter. Sei Investments Co. now owns 91,638 shares of the technology company’s stock worth $788,000 after buying an additional 45,195 shares during the period. 71.58% of the stock is currently owned by institutional investors and hedge funds.

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.