Asure Software Inc (NASDAQ:ASUR) Short Interest Update

Asure Software Inc (NASDAQ:ASUR) was the recipient of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 982,986 shares, a decline of 14.7% from the March 15th total of 1,153,045 shares. Currently, 3.8% of the shares of the company are sold short. Based on an average daily volume of 111,862 shares, the short-interest ratio is currently 8.8 days.

Analyst Ratings Changes

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

Institutional Trading of Asure Software

A number of institutional investors have recently made changes to their positions in the stock. Anchor Capital Advisors LLC lifted its stake in Asure Software by 1.5% during the fourth quarter. Anchor Capital Advisors LLC now owns 120,674 shares of the technology company’s stock valued at $1,137,000 after purchasing an additional 1,815 shares during the last quarter. American Century Companies Inc. lifted its stake in Asure Software by 3.9% during the second quarter. American Century Companies Inc. now owns 50,462 shares of the technology company’s stock valued at $493,000 after purchasing an additional 1,900 shares during the last quarter. Deutsche Bank AG lifted its stake in Asure Software by 13.8% during the fourth quarter. Deutsche Bank AG now owns 17,905 shares of the technology company’s stock valued at $169,000 after purchasing an additional 2,176 shares during the last quarter. BNP Paribas Financial Markets raised its position in shares of Asure Software by 107.8% during the third quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,586 shares during the period. Finally, Barclays PLC lifted its holdings in shares of Asure Software by 8.3% during the fourth quarter. Barclays PLC now owns 39,357 shares of the technology company’s stock valued at $371,000 after purchasing an additional 3,033 shares during the last quarter. 71.58% of the stock is owned by institutional investors and hedge funds.

Asure Software Trading Up 2.7%

Shares of NASDAQ:ASUR opened at $9.15 on Friday. The company has a 50 day moving average of $8.41 and a 200-day moving average of $8.62. The firm has a market cap of $262.06 million, a P/E ratio of -19.47, a P/E/G ratio of 1.11 and a beta of 0.48. Asure Software has a twelve month low of $6.80 and a twelve month high of $11.48. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.32.

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.