Asure Software (NASDAQ:ASUR) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Asure Software Inc (NASDAQ:ASUR)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.78 and traded as high as $9.06. Asure Software shares last traded at $8.99, with a volume of 66,174 shares traded.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ASUR shares. Wall Street Zen raised shares of Asure Software from a “hold” rating to a “buy” rating in a report on Saturday, May 30th. Barrington Research reissued an “outperform” rating and issued a $15.00 target price on shares of Asure Software in a report on Friday, April 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a report on Monday, April 20th. TD Cowen raised shares of Asure Software to a “strong-buy” rating in a report on Monday, May 18th. Finally, Zacks Research cut shares of Asure Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Asure Software Stock Performance

The stock has a fifty day moving average price of $8.85 and a two-hundred day moving average price of $8.79. The company has a market cap of $254.39 million, a P/E ratio of -24.64, a PEG ratio of 1.09 and a beta of 0.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.05 and a quick ratio of 1.04.

Institutional Investors Weigh In On Asure Software

A number of hedge funds have recently made changes to their positions in the business. Unified Investment Management raised its holdings in shares of Asure Software by 4.4% during the first quarter. Unified Investment Management now owns 38,550 shares of the technology company’s stock valued at $332,000 after buying an additional 1,625 shares during the last quarter. Anchor Capital Advisors LLC raised its holdings in shares of Asure Software by 1.5% during the fourth quarter. Anchor Capital Advisors LLC now owns 120,674 shares of the technology company’s stock valued at $1,137,000 after buying an additional 1,815 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of Asure Software by 3.9% during the second quarter. American Century Companies Inc. now owns 50,462 shares of the technology company’s stock valued at $493,000 after buying an additional 1,900 shares during the last quarter. Deutsche Bank AG raised its holdings in shares of Asure Software by 13.8% during the fourth quarter. Deutsche Bank AG now owns 17,905 shares of the technology company’s stock valued at $169,000 after buying an additional 2,176 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of Asure Software by 13.4% during the first quarter. PNC Financial Services Group Inc. now owns 20,492 shares of the technology company’s stock valued at $176,000 after buying an additional 2,425 shares during 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.