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

Asure Software Inc (NASDAQ:ASUR) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.65 and traded as high as $9.62. Asure Software shares last traded at $8.91, with a volume of 57,099 shares trading hands.

Analyst Ratings Changes

Several research analysts have commented on the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a report on Wednesday, January 21st. Barrington Research reissued an “outperform” rating and set a $15.00 price target on shares of Asure Software in a research note on Tuesday, December 9th. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $14.33.

Asure Software Price Performance

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’s 50-day moving average price is $9.17 and its 200-day moving average price is $8.65. The stock has a market capitalization of $247.34 million, a PE ratio of -14.37, a PEG ratio of 1.23 and a beta of 0.43.

Hedge Funds Weigh In On Asure Software

Several large investors have recently modified their holdings of the stock. Diamond Hill Capital Management Inc. lifted its position in Asure Software by 4.9% in the fourth quarter. Diamond Hill Capital Management Inc. now owns 280,935 shares of the technology company’s stock worth $2,646,000 after buying an additional 13,176 shares during the last quarter. R Squared Ltd lifted its holdings in shares of Asure Software by 35.1% in the 4th quarter. R Squared Ltd now owns 26,717 shares of the technology company’s stock worth $252,000 after acquiring an additional 6,936 shares during the last quarter. Procyon Advisors LLC bought a new stake in shares of Asure Software in the 4th quarter worth about $126,000. ArrowMark Colorado Holdings LLC boosted its stake 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 worth $7,105,000 after purchasing an additional 62,231 shares during the period. Finally, Kennedy Capital Management LLC grew its holdings in Asure Software by 18.6% during the 3rd quarter. Kennedy Capital Management LLC now owns 514,963 shares of the technology company’s stock valued at $4,223,000 after purchasing an additional 80,716 shares during the last quarter. 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.