Asure Software (NASDAQ:ASUR) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Asure Software Inc (NASDAQ:ASUR)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.57 and traded as high as $8.82. Asure Software shares last traded at $8.56, with a volume of 86,851 shares traded.

Analysts Set New Price Targets

ASUR has been the topic of a number of recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Asure Software in a research note on Wednesday, January 21st. Barrington Research reiterated an “outperform” rating and set a $15.00 price objective on shares of Asure Software in a research note on Friday, February 20th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.00.

Asure Software Stock Performance

The company has a quick ratio of 1.06, a current ratio of 1.07 and a debt-to-equity ratio of 0.32. The stock has a market capitalization of $226.68 million, a PE ratio of -17.00, a PEG ratio of 1.00 and a beta of 0.45. The firm has a 50 day moving average price of $8.76 and a 200-day moving average price of $8.56.

Institutional Trading of Asure Software

Several institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets increased its stake in shares of Asure Software by 107.8% in the third quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock worth $41,000 after acquiring an additional 2,586 shares during the period. Tower Research Capital LLC TRC lifted its position in Asure Software by 446.8% during the second quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock valued at $65,000 after purchasing an additional 5,451 shares during the period. Steward Partners Investment Advisory LLC acquired a new position in Asure Software during the fourth quarter valued at $66,000. Tripletail Wealth Management LLC purchased a new stake in Asure Software in the third quarter valued at $75,000. Finally, Boston Partners purchased a new stake in Asure Software in the fourth quarter valued at $108,000. 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.