Asure Software (NASDAQ:ASUR) Share Price Passes Above 200-Day Moving Average – Here’s Why

Shares of Asure Software Inc (NASDAQ:ASUR) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.73 and traded as high as $9.29. Asure Software shares last traded at $9.25, with a volume of 150,962 shares traded.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the company. Barrington Research reissued an “outperform” rating and set a $15.00 target price on shares of Asure Software in a research note on Friday, April 24th. Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a research note on Monday, April 20th. Wall Street Zen raised Asure Software from a “hold” rating to a “buy” rating in a research note on Saturday. TD Cowen raised Asure Software to a “strong-buy” rating in a research note on Monday, May 18th. Finally, Zacks Research downgraded Asure Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Asure Software Stock Up 5.0%

The stock has a market capitalization of $265.29 million, a PE ratio of -25.69, a P/E/G ratio of 1.13 and a beta of 0.48. The firm has a 50 day moving average of $8.70 and a two-hundred day moving average of $8.73. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.31.

Hedge Funds Weigh In On Asure Software

Several hedge funds have recently bought and sold shares of the company. Needham Investment Management LLC increased its stake in Asure Software by 1.5% in the 4th quarter. Needham Investment Management LLC now owns 2,570,000 shares of the technology company’s stock valued at $24,209,000 after purchasing an additional 37,500 shares in the last quarter. Janus Henderson Group PLC increased its stake in Asure Software by 10.0% in the 1st quarter. Janus Henderson Group PLC now owns 1,769,578 shares of the technology company’s stock valued at $15,218,000 after purchasing an additional 161,074 shares in the last quarter. Vanguard Group Inc. grew its holdings in Asure Software by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,401,318 shares of the technology company’s stock valued at $11,491,000 after buying an additional 41,539 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in Asure Software by 4.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 959,444 shares of the technology company’s stock valued at $8,251,000 after buying an additional 38,427 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC grew its holdings in Asure Software by 7.7% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 866,474 shares of the technology company’s stock valued at $7,105,000 after buying an additional 62,231 shares during the last quarter. 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.