Asure Software (NASDAQ:ASUR) Rating Increased to Buy at Wall Street Zen

Asure Software (NASDAQ:ASUR) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research report issued on Saturday.

Other research analysts have also issued reports about the stock. Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a report on Wednesday, January 21st. Barrington Research reaffirmed an “outperform” rating and set a $15.00 price target on shares of Asure Software in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Asure Software has an average rating of “Hold” and a consensus price target of $15.00.

Asure Software Price Performance

Shares of Asure Software stock opened at $7.91 on Friday. The firm has a market cap of $224.41 million, a PE ratio of -16.83, a PEG ratio of 0.99 and a beta of 0.45. The stock has a 50 day moving average of $8.68 and a 200 day moving average of $8.55. 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 has a 12 month low of $6.80 and a 12 month high of $11.48.

Institutional Trading of Asure Software

Hedge funds and other institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets lifted 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 last quarter. Tower Research Capital LLC TRC increased its stake in Asure Software by 446.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock worth $65,000 after buying an additional 5,451 shares during the period. Steward Partners Investment Advisory LLC purchased a new position in Asure Software in the 4th quarter worth about $66,000. Tripletail Wealth Management LLC bought a new stake in Asure Software during the 3rd quarter valued at about $75,000. Finally, Boston Partners bought a new stake in Asure Software during the 4th quarter valued at about $108,000. Hedge funds and other institutional investors 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.