Asure Software (NASDAQ:ASUR) Upgraded to Buy 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 report released on Monday,Wall Street Zen reports.

A number of other equities analysts have also weighed in on ASUR. TD Cowen upgraded shares of Asure Software to a “strong-buy” rating in a report on Monday, May 18th. Weiss Ratings raised Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd. Zacks Research cut Asure Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Finally, Stephens began coverage on Asure Software in a report on Friday. They set an “overweight” rating and a $11.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $13.00.

Asure Software Stock Performance

Shares of NASDAQ ASUR opened at $9.28 on Monday. The firm’s 50 day moving average price is $8.42 and its 200-day moving average price is $8.55. Asure Software has a 52-week low of $6.80 and a 52-week high of $10.20. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.06. The company has a market cap of $268.01 million, a PE ratio of -32.00, a P/E/G ratio of 1.10 and a beta of 0.52.

Insider Transactions at Asure Software

In other Asure Software news, Director Bjorn Reynolds sold 15,420 shares of Asure Software stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $8.35, for a total value of $128,757.00. Following the completion of the sale, 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 8.90% of the company’s stock.

Hedge Funds Weigh In On Asure Software

Several hedge funds and other institutional investors have recently modified their holdings of the company. Needham Investment Management LLC grew its stake in shares of Asure Software by 1.5% during 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 during the period. Jupiter Topco LLC bought a new position in Asure Software in the second quarter worth approximately $14,537,000. Janus Henderson Group PLC raised its position in Asure Software by 10.0% in the first quarter. Janus Henderson Group PLC now owns 1,769,578 shares of the technology company’s stock worth $15,218,000 after acquiring an additional 161,074 shares during the period. BlackRock Inc. purchased a new position in shares of Asure Software during the 2nd quarter worth $13,113,000. Finally, Vanguard Group Inc. boosted its stake in shares of Asure Software by 3.1% during the 3rd quarter. Vanguard Group Inc. now owns 1,401,318 shares of the technology company’s stock worth $11,491,000 after acquiring an additional 41,539 shares during the last quarter. 71.58% of the stock is owned by 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.