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

Shares of Asure Software Inc (NASDAQ:ASUR) crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.58 and traded as high as $8.65. Asure Software shares last traded at $8.55, with a volume of 44,596 shares changing hands.

Analysts Set New Price Targets

Several analysts have commented on ASUR shares. Barrington Research reissued an “outperform” rating and set a $15.00 price target on shares of Asure Software in a research report on Friday, February 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a research report on Wednesday, January 21st. Finally, Wall Street Zen raised shares of Asure Software from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $15.00.

Asure Software Trading Up 1.2%

The company has a debt-to-equity ratio of 0.32, a current ratio of 1.07 and a quick ratio of 1.06. The stock has a market cap of $242.56 million, a price-to-earnings ratio of -18.19, a P/E/G ratio of 1.05 and a beta of 0.48. The company’s fifty day moving average price is $8.56 and its 200-day moving average price is $8.58.

Hedge Funds Weigh In On Asure Software

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Anchor Capital Advisors LLC increased its holdings in Asure Software by 1.5% in the 4th quarter. Anchor Capital Advisors LLC now owns 120,674 shares of the technology company’s stock worth $1,137,000 after buying an additional 1,815 shares during the period. American Century Companies Inc. increased its holdings in Asure Software by 3.9% in the 2nd quarter. American Century Companies Inc. now owns 50,462 shares of the technology company’s stock worth $493,000 after buying an additional 1,900 shares during the period. Deutsche Bank AG increased its holdings in Asure Software by 13.8% in the 4th quarter. Deutsche Bank AG now owns 17,905 shares of the technology company’s stock worth $169,000 after buying an additional 2,176 shares during the period. BNP Paribas Financial Markets increased its holdings in Asure Software by 107.8% in the 3rd quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock worth $41,000 after buying an additional 2,586 shares during the period. Finally, Barclays PLC increased its holdings in Asure Software by 8.3% in the 4th quarter. Barclays PLC now owns 39,357 shares of the technology company’s stock worth $371,000 after buying an additional 3,033 shares during the period. Institutional investors and hedge funds 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.