Asure Software (NASDAQ:ASUR) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

Asure Software Inc (NASDAQ:ASUR) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.52 and traded as high as $9.46. Asure Software shares last traded at $9.35, with a volume of 185,070 shares.

Analyst Upgrades and Downgrades

ASUR has been the topic of a number of research analyst reports. Barrington Research reissued an “outperform” rating and set a $15.00 price objective on shares of Asure Software in a report on Friday, February 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Asure Software in a research note on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $14.33.

Asure Software Price Performance

The firm has a 50-day simple moving average of $8.96 and a two-hundred day simple moving average of $8.52. The company has a market capitalization of $265.29 million, a price-to-earnings ratio of -19.89, a P/E/G ratio of 1.12 and a beta of 0.45. 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 Investors Weigh In On Asure Software

A number of hedge funds and other institutional investors have recently made changes to their positions in ASUR. BNP Paribas Financial Markets lifted its stake in shares of Asure Software by 107.8% in 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 during the period. Tower Research Capital LLC TRC increased its holdings in Asure Software by 446.8% in the second quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock valued at $65,000 after buying an additional 5,451 shares in the last quarter. Steward Partners Investment Advisory LLC acquired a new position in shares of Asure Software in the fourth quarter worth about $66,000. Tripletail Wealth Management LLC purchased a new stake in shares of Asure Software during the 3rd quarter worth about $75,000. Finally, Boston Partners acquired a new stake in shares of Asure Software during the 4th quarter valued at about $108,000. Institutional investors and hedge funds 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.