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

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

A number of other equities analysts also recently weighed in on ASUR. Wall Street Zen downgraded shares of Asure Software from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Barrington Research reaffirmed an “outperform” rating and set a $15.00 target price on shares of Asure Software in a research note on Friday, April 24th. Zacks Research raised shares of Asure Software from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Asure Software in a research note on Monday, April 20th. Two analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $15.00.

Asure Software Stock Performance

Shares of ASUR opened at $8.59 on Monday. Asure Software has a one year low of $6.80 and a one year high of $11.48. The company has a 50-day simple moving average of $8.74 and a two-hundred day simple moving average of $8.70. The firm has a market capitalization of $246.36 million, a PE ratio of -23.86, a price-to-earnings-growth ratio of 1.04 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

Several institutional investors and hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC increased its position in shares of Asure Software by 10.0% during the first quarter. Janus Henderson Group PLC now owns 1,769,578 shares of the technology company’s stock valued at $15,218,000 after acquiring an additional 161,074 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of Asure Software by 179.4% during the first quarter. Quantinno Capital Management LP now owns 114,403 shares of the technology company’s stock valued at $984,000 after acquiring an additional 73,451 shares in the last quarter. Rice Hall James & Associates LLC increased its position in shares of Asure Software by 12.7% during the first quarter. Rice Hall James & Associates LLC now owns 670,944 shares of the technology company’s stock valued at $5,770,000 after acquiring an additional 75,743 shares in the last quarter. Sei Investments Co. increased its position in shares of Asure Software by 97.3% during the first quarter. Sei Investments Co. now owns 91,638 shares of the technology company’s stock valued at $788,000 after acquiring an additional 45,195 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position 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 acquiring an additional 2,425 shares in 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.