Asure Software (NASDAQ:ASUR) Stock Price Passes Above Two Hundred Day Moving Average – Time to Sell?

Asure Software Inc (NASDAQ:ASUR)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $8.71 and traded as high as $9.76. Asure Software shares last traded at $9.54, with a volume of 76,029 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ASUR. Barrington Research reissued an “outperform” rating and issued a $15.00 price target on shares of Asure Software in a research note on Tuesday, December 9th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Asure Software in a report on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.33.

Asure Software Stock Up 3.9%

The firm has a market capitalization of $264.83 million, a PE ratio of -15.39, a price-to-earnings-growth ratio of 1.22 and a beta of 0.40. The company has a current ratio of 1.08, a quick ratio of 1.07 and a debt-to-equity ratio of 0.33. The firm has a 50-day moving average of $8.81 and a two-hundred day moving average of $8.71.

Institutional Trading of Asure Software

A number of institutional investors have recently modified their holdings of the company. Equitable Trust Co. grew its stake in Asure Software by 8.8% during the second quarter. Equitable Trust Co. now owns 109,395 shares of the technology company’s stock worth $1,068,000 after buying an additional 8,805 shares during the period. R Squared Ltd purchased a new position in shares of Asure Software in the 2nd quarter valued at $123,000. Procyon Advisors LLC purchased a new position in shares of Asure Software in the 4th quarter valued at $126,000. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Asure Software by 7.7% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 866,474 shares of the technology company’s stock valued at $7,105,000 after acquiring an additional 62,231 shares in the last quarter. Finally, Royce & Associates LP lifted its holdings in shares of Asure Software by 13.5% during the 3rd quarter. Royce & Associates LP now owns 334,178 shares of the technology company’s stock valued at $2,740,000 after acquiring an additional 39,719 shares in the last quarter. Hedge funds and other institutional investors 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.