Asure Software (NASDAQ:ASUR) Downgraded to Hold Rating by Zacks Research

Asure Software (NASDAQ:ASUR) was downgraded by stock analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a report issued on Wednesday,Zacks.com reports.

ASUR has been the topic of several other reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a research report on Monday, April 20th. Barrington Research reissued an “outperform” rating and issued a $15.00 price target on shares of Asure Software in a report on Friday, April 24th. Wall Street Zen lowered shares of Asure Software from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, TD Cowen upgraded shares of Asure Software to a “strong-buy” rating in a research report on Monday. One research 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. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Asure Software Price Performance

Shares of NASDAQ:ASUR opened at $8.79 on Wednesday. The company’s fifty day moving average price is $8.70 and its 200 day moving average price is $8.71. Asure Software has a 12 month low of $6.80 and a 12 month high of $11.48. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.05 and a quick ratio of 1.04. The firm has a market capitalization of $252.10 million, a P/E ratio of -24.42, a P/E/G ratio of 1.07 and a beta of 0.48.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of ASUR. North Star Investment Management Corp. purchased a new stake in shares of Asure Software during the first quarter valued at approximately $1,533,000. Rice Hall James & Associates LLC boosted its stake in Asure Software by 39.2% during the 4th quarter. Rice Hall James & Associates LLC now owns 595,201 shares of the technology company’s stock valued at $5,607,000 after acquiring an additional 167,756 shares during the last quarter. Janus Henderson Group PLC grew its stake 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 purchasing an additional 161,074 shares in the last quarter. Wasatch Advisors LP grew its position in shares of Asure Software by 19.6% in 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 in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in Asure Software by 100.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 173,105 shares of the technology company’s stock worth $1,631,000 after purchasing an additional 86,890 shares during the period. 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.