Asure Software (NASDAQ:ASUR) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Asure Software (NASDAQ:ASUR) from a hold rating to a buy rating in a research note published on Monday,Wall Street Zen reports.

Several other brokerages have also recently commented on ASUR. Zacks Research cut shares of Asure Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Stephens initiated coverage on shares of Asure Software in a research note on Friday, September 4th. They issued an “overweight” rating and a $11.00 target price on the stock. TD Cowen raised shares of Asure Software to a “strong-buy” rating in a report on Monday, May 18th. Finally, Weiss Ratings raised shares of Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd. One investment 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $13.00.

Asure Software Stock Down 5.8%

Shares of NASDAQ ASUR opened at $8.34 on Monday. Asure Software has a 52 week low of $6.80 and a 52 week high of $10.20. The business has a 50-day simple moving average of $8.44 and a two-hundred day simple moving average of $8.57. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.31. The company has a market cap of $240.86 million, a P/E ratio of -28.76, a P/E/G ratio of 1.05 and a beta of 0.52.

Insider Activity at Asure Software

In other news, Director Bjorn Reynolds sold 15,420 shares of the business’s stock in a transaction dated Tuesday, August 11th. The stock was sold at an average price of $8.35, for a total transaction of $128,757.00. Following the completion of the transaction, the director owned 31,162 shares of the company’s stock, valued at approximately $260,202.70. The trade was a 33.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Asure Software

A number of institutional investors and hedge funds have recently bought and sold shares of ASUR. BNP Paribas Financial Markets lifted its position in Asure Software by 107.7% during the third quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock valued at $41,000 after purchasing an additional 2,586 shares during the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Asure Software by 446.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock worth $65,000 after buying an additional 5,451 shares during the last quarter. Steward Partners Investment Advisory LLC bought a new position in shares of Asure Software in the 4th quarter worth $66,000. Ancora Advisors LLC purchased a new stake in shares of Asure Software during the 2nd quarter valued at $79,000. Finally, Invesco Ltd. purchased a new stake in shares of Asure Software during the 2nd quarter valued at $112,000. 71.58% of the stock is owned by hedge funds and other institutional investors.

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.