Asure Software (NASDAQ:ASUR) Rating Increased to Strong-Buy at Zacks Research

Zacks Research upgraded shares of Asure Software (NASDAQ:ASUR) from a hold rating to a strong-buy rating in a research note released on Tuesday morning,Zacks.com reports.

ASUR has been the topic of a number of other reports. Barrington Research reissued an “outperform” rating and issued a $15.00 price objective on shares of Asure Software in a research note on Friday, February 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a research note on Monday. Finally, Wall Street Zen raised shares of Asure Software from a “hold” rating to a “buy” rating in a research note on Saturday, March 28th. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $15.00.

Asure Software Price Performance

Shares of NASDAQ ASUR opened at $9.33 on Tuesday. The stock has a market cap of $267.21 million, a price-to-earnings ratio of -19.85, a PEG ratio of 1.13 and a beta of 0.48. Asure Software has a 52 week low of $6.80 and a 52 week high of $11.48. The company’s 50-day moving average price is $8.46 and its 200 day moving average price is $8.64. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.32.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASUR. Jane Street Group LLC purchased a new position in Asure Software in the 1st quarter valued at about $240,000. American Century Companies Inc. lifted its holdings in shares of Asure Software by 3.9% during the 2nd quarter. American Century Companies Inc. now owns 50,462 shares of the technology company’s stock worth $493,000 after acquiring an additional 1,900 shares during the period. Invesco Ltd. purchased a new position in shares of Asure Software during the 2nd quarter worth about $112,000. Wasatch Advisors LP lifted its holdings in shares of Asure Software by 19.6% during 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 during the period. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of Asure Software by 446.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock worth $65,000 after acquiring an additional 5,451 shares during the period. 71.58% of the stock is currently 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.