Asure Software (NASDAQ:ASUR) Stock Crosses Above 200-Day Moving Average – What’s Next?

Shares of Asure Software Inc (NASDAQ:ASURGet Free Report) passed 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.

Analyst Ratings Changes

A number of brokerages have recently commented on ASUR. TD Cowen raised shares of Asure Software to a “strong-buy” rating in a research report on Monday, May 18th. Zacks Research cut Asure Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Asure Software in a report on Monday, April 20th. Wall Street Zen lowered Asure Software from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Barrington Research reiterated an “outperform” rating and issued a $15.00 target price on shares of Asure Software in a report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Get Our Latest Stock Report on Asure Software

Asure Software Stock Up 5.0%

The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.31. The firm has a market cap of $265.29 million, a PE ratio of -25.69, a P/E/G ratio of 1.07 and a beta of 0.48. The business’s 50-day simple moving average is $8.70 and its 200 day simple moving average is $8.73.

Hedge Funds Weigh In On Asure Software

A number of large investors have recently bought and sold shares of the business. Diamond Hill Capital Management Inc. increased its holdings in shares of Asure Software by 43.8% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 267,759 shares of the technology company’s stock valued at $2,196,000 after acquiring an additional 81,550 shares during the period. ArrowMark Colorado Holdings LLC lifted its stake in shares of Asure Software by 7.7% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 866,474 shares of the technology company’s stock worth $7,105,000 after purchasing an additional 62,231 shares during the last quarter. Royce & Associates LP boosted its position in Asure Software by 13.5% during the third quarter. Royce & Associates LP now owns 334,178 shares of the technology company’s stock valued at $2,740,000 after purchasing an additional 39,719 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in Asure Software by 30.3% during the third quarter. PNC Financial Services Group Inc. now owns 17,471 shares of the technology company’s stock valued at $143,000 after purchasing an additional 4,062 shares in the last quarter. Finally, R Squared Ltd grew its stake in Asure Software by 56.7% in the third quarter. R Squared Ltd now owns 19,781 shares of the technology company’s stock valued at $162,000 after purchasing an additional 7,156 shares during the last quarter. Institutional investors own 71.58% of the company’s stock.

About Asure Software

(Get Free Report)

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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