Asure Software (NASDAQ:ASUR) Upgraded by TD Cowen to “Strong-Buy” Rating

Asure Software (NASDAQ:ASUR) was upgraded by equities researchers at TD Cowen to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Other equities research analysts have also recently issued research reports about the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Asure Software in a report on Monday, April 20th. Zacks Research upgraded shares of Asure Software from a “hold” rating to a “strong-buy” rating in a report on Tuesday, April 21st. Barrington Research restated an “outperform” rating and issued a $15.00 target price on shares of Asure Software in a report on Friday, April 24th. Finally, Wall Street Zen cut shares of Asure Software from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Two investment analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of $15.00.

Asure Software Price Performance

Shares of ASUR opened at $8.59 on Monday. The company has a market capitalization of $246.36 million, a P/E ratio of -23.86, a price-to-earnings-growth ratio of 1.04 and a beta of 0.48. 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 firm has a 50 day moving average of $8.74 and a 200 day moving average of $8.70. Asure Software has a twelve month low of $6.80 and a twelve month high of $11.48.

Institutional Investors Weigh In On Asure Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASUR. Jane Street Group LLC purchased a new stake in Asure Software in the first quarter worth approximately $240,000. American Century Companies Inc. boosted its stake in shares of Asure Software by 3.9% during the 2nd quarter. American Century Companies Inc. now owns 50,462 shares of the technology company’s stock worth $493,000 after acquiring an additional 1,900 shares during the last quarter. Invesco Ltd. purchased a new position in shares of Asure Software during the 2nd quarter worth $112,000. Wasatch Advisors LP boosted its stake in shares of Asure Software by 19.6% during the 2nd quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company’s stock worth $7,515,000 after acquiring an additional 126,450 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Asure Software by 446.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock worth $65,000 after acquiring an additional 5,451 shares during the last quarter. Hedge funds and other institutional investors 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.