Asure Software (NASDAQ:ASUR) Earns Overweight Rating from Analysts at Stephens

Key Points

• Stephens initiated coverage of Asure Software with an Overweight rating and an $11.00 price target, implying approximately 20.55% upside from the reported $9.12 share price.
• Analyst sentiment remains favorable overall, with MarketBeat reporting a consensus rating of Moderate Buy and an average price target of $13.00.
• Institutional investors own 71.58% of Asure’s shares, while director Bjorn Reynolds recently sold 15,420 shares for about $128,757, reducing his holdings by 33.1%.

Research analysts at Stephens initiated coverage on shares of Asure Software (NASDAQ:ASUR - Get Free Report) in a research report issued on Friday. The brokerage set an "overweight" rating and a $11.00 price target on the technology company's stock. Stephens' target price points to a potential upside of 20.55% from the company's current price.

ASUR has been the subject of a number of other reports. Zacks Research lowered shares of Asure Software from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 20th. TD Cowen upgraded shares of Asure Software to a "strong-buy" rating in a research report on Monday, May 18th. Weiss Ratings raised shares of Asure Software from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Thursday, July 2nd. Finally, Wall Street Zen lowered shares of Asure Software from a "buy" rating to a "hold" rating in a research report on Sunday, August 30th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $13.00.

Asure Software Price Performance

NASDAQ:ASUR traded down $0.03 during mid-day trading on Friday, reaching $9.12. The stock had a trading volume of 4,418 shares, compared to its average volume of 106,360. The stock has a market capitalization of $263.53 million, a P/E ratio of -31.59, a P/E/G ratio of 1.07 and a beta of 0.52. The firm has a 50 day moving average price of $8.36 and a two-hundred day moving average price of $8.52. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.06. Asure Software has a one year low of $6.80 and a one year high of $10.20.

Insider Activity

In other news, Director Bjorn Reynolds sold 15,420 shares of the firm's stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $8.35, for a total value of $128,757.00. Following the transaction, the director owned 31,162 shares in the company, valued at approximately $260,202.70. This trade represents a 33.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 8.90% of the company's stock.

Institutional Investors Weigh In On Asure Software

Several institutional investors have recently added to or reduced their stakes in ASUR. BNP Paribas Financial Markets increased its position in shares of Asure Software by 107.7% in the third quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company's stock valued at $41,000 after acquiring an additional 2,586 shares during the period. Tower Research Capital LLC TRC boosted its holdings in shares of Asure Software by 446.8% during the second quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company's stock worth $65,000 after purchasing an additional 5,451 shares during the period. Steward Partners Investment Advisory LLC bought a new stake in shares of Asure Software in the fourth quarter worth about $66,000. Ancora Advisors LLC bought a new stake in shares of Asure Software in the second quarter worth about $79,000. Finally, Invesco Ltd. purchased a new position in Asure Software during the 2nd quarter valued at about $112,000. 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.

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