Asure Software (NASDAQ:ASUR) Stock Passes Above 200-Day Moving Average – Should You 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 $8.58 and traded as high as $8.65. Asure Software shares last traded at $8.55, with a volume of 44,596 shares.

Wall Street Analyst Weigh In

Several research firms have weighed in on ASUR. Wall Street Zen raised Asure Software from a “hold” rating to a “buy” rating in a report on Saturday, March 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a report on Wednesday, January 21st. Finally, Barrington Research reissued an “outperform” rating and issued a $15.00 target price on shares of Asure Software in a report on Friday, February 20th. Two analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Asure Software presently has a consensus rating of “Hold” and a consensus price target of $15.00.

Asure Software Price 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 company has a market cap of $243.98 million, a price-to-earnings ratio of -18.30, a price-to-earnings-growth ratio of 1.05 and a beta of 0.48. The company has a fifty day simple moving average of $8.51 and a two-hundred day simple moving average of $8.59.

Institutional Trading of Asure Software

Large investors have recently made changes to their positions in the stock. BNP Paribas Financial Markets boosted its stake in shares of Asure Software by 107.8% during the third 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 during the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of 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 acquiring an additional 5,451 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in shares of Asure Software during the fourth quarter valued at $66,000. Tripletail Wealth Management LLC acquired a new stake in shares of Asure Software during the third quarter valued at $75,000. Finally, Invesco Ltd. acquired a new stake in shares of Asure Software during the second quarter valued at $112,000. Institutional investors and hedge funds 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.