Asure Software (NASDAQ:ASUR) Shares Pass Above Two Hundred Day Moving Average – Time to Sell?

Asure Software Inc (NASDAQ:ASUR) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.69 and traded as high as $9.97. Asure Software shares last traded at $9.86, with a volume of 79,557 shares traded.

Analyst Ratings Changes

ASUR has been the subject of a number of analyst reports. Barrington Research restated an “outperform” rating and set a $15.00 price objective on shares of Asure Software in a research report on Tuesday, December 9th. Weiss Ratings restated a “sell (d-)” rating on shares of Asure Software in a report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Asure Software currently has a consensus rating of “Moderate Buy” and a consensus price target of $14.33.

Asure Software Stock Performance

The company has a debt-to-equity ratio of 0.33, a current ratio of 1.08 and a quick ratio of 1.07. The stock has a fifty day simple moving average of $9.00 and a two-hundred day simple moving average of $8.69. The firm has a market capitalization of $273.71 million, a P/E ratio of -15.90, a P/E/G ratio of 1.31 and a beta of 0.40.

Hedge Funds Weigh In On Asure Software

Institutional investors and hedge funds have recently made changes to their positions in the stock. Equitable Trust Co. boosted its holdings in Asure Software by 8.8% in the second quarter. Equitable Trust Co. now owns 109,395 shares of the technology company’s stock worth $1,068,000 after acquiring an additional 8,805 shares in the last quarter. R Squared Ltd bought a new position in shares of Asure Software in the 2nd quarter worth $123,000. ArrowMark Colorado Holdings LLC grew its position in Asure Software by 7.7% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 866,474 shares of the technology company’s stock valued at $7,105,000 after purchasing an additional 62,231 shares during the period. BNP Paribas Financial Markets increased its stake in Asure Software by 107.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock valued at $41,000 after purchasing an additional 2,586 shares in the last quarter. Finally, Royce & Associates LP raised its holdings in Asure Software by 13.5% during the third quarter. Royce & Associates LP now owns 334,178 shares of the technology company’s stock worth $2,740,000 after buying an additional 39,719 shares during the last quarter. Institutional investors own 71.58% of the company’s stock.

About Asure Software

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.