Asure Software (NASDAQ:ASUR) Rating Increased to Buy at Wall Street Zen

by · The Markets Daily

Wall Street Zen upgraded shares of Asure Software (NASDAQ:ASUR – Free Report) from a hold rating to a buy rating in a report issued on Saturday morning.

Several other equities research analysts also recently issued reports on ASUR. Weiss Ratings upgraded Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd. TD Cowen upgraded Asure Software to a “strong-buy” rating in a research note on Monday, May 18th. Barrington Research reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Asure Software in a report on Friday, April 24th. Finally, Zacks Research lowered shares of 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, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Asure Software presently has an average rating of “Moderate Buy” and an average target price of $15.00.

Check Out Our Latest Research Report on ASUR

Asure Software Stock Performance

Shares of ASUR opened at $8.74 on Friday. The firm has a market capitalization of $252.41 million, a P/E ratio of -30.14, a P/E/G ratio of 1.04 and a beta of 0.49. Asure Software has a 52 week low of $6.80 and a 52 week high of $10.20. The stock has a 50 day moving average price of $8.20 and a two-hundred day moving average price of $8.51. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.06.

Insider Activity

In other news, Director Bjorn Reynolds sold 15,420 shares of the company’s stock in a transaction that occurred on Tuesday, August 11th. The stock was sold at an average price of $8.35, for a total value of $128,757.00. Following the completion of the transaction, the director directly owned 31,162 shares of the company’s stock, valued at $260,202.70. This represents a 33.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 8.90% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Asure Software

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Bank of America Corp DE purchased a new position in Asure Software in the second quarter valued at approximately $348,000. Jupiter Topco LLC bought a new position in Asure Software during the second quarter valued at $14,537,000. Ancora Advisors LLC purchased a new stake in Asure Software in the second quarter worth $79,000. S Squared Technology LLC purchased a new stake in Asure Software in the second quarter worth $3,170,918,000. Finally, CM Wealth Advisors LLC purchased a new stake in Asure Software in the second quarter worth $233,000. 71.58% of the stock is owned by hedge funds and other institutional investors.

Asure Software Company Profile

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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.

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