Asure Software (NASDAQ:ASUR) Upgraded at Zacks Research

Zacks Research upgraded shares of Asure Software (NASDAQ:ASUR) from a hold rating to a strong-buy rating in a report published on Tuesday morning,Zacks.com reports.

Other research analysts have also issued reports about the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Asure Software in a research report on Monday. Wall Street Zen upgraded Asure Software from a “hold” rating to a “buy” rating in a research report on Saturday, March 28th. Finally, Barrington Research reiterated an “outperform” rating and set a $15.00 price target on shares of Asure Software in a report on Friday, February 20th. One analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $15.00.

Asure Software Trading Down 3.1%

Shares of ASUR stock opened at $9.04 on Tuesday. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.32. The company’s 50-day moving average price is $8.50 and its 200-day moving average price is $8.64. Asure Software has a twelve month low of $6.80 and a twelve month high of $11.48. The stock has a market cap of $258.91 million, a price-to-earnings ratio of -19.23, a PEG ratio of 1.16 and a beta of 0.48.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ASUR. North Star Investment Management Corp. purchased a new position in shares of Asure Software during the first quarter worth $1,533,000. Rice Hall James & Associates LLC raised its holdings in shares of Asure Software by 39.2% in the 4th quarter. Rice Hall James & Associates LLC now owns 595,201 shares of the technology company’s stock valued at $5,607,000 after buying an additional 167,756 shares during the period. Wasatch Advisors LP lifted its stake in Asure Software by 19.6% during the 2nd quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company’s stock worth $7,515,000 after acquiring an additional 126,450 shares in the last quarter. Goldman Sachs Group Inc. boosted its holdings in Asure Software by 100.8% during the 4th quarter. Goldman Sachs Group Inc. now owns 173,105 shares of the technology company’s stock valued at $1,631,000 after acquiring an additional 86,890 shares during the period. Finally, Diamond Hill Capital Management Inc. boosted its holdings in Asure Software by 43.8% during 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. 71.58% of the stock is currently owned by institutional investors and hedge funds.

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.