Asure Software (NASDAQ:ASUR) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Asure Software from “hold” to “buy.” Analysts’ overall consensus is “Moderate Buy,” with a consensus price target of $13.00.
• Asure shares opened at $9.28, compared with a 52-week range of $6.80 to $10.20; the company has a market capitalization of approximately $268 million.
• Institutional investors own 71.58% of the stock, while company insiders own 8.90%. Director Bjorn Reynolds recently sold 15,420 shares at an average price of $8.35.

Asure Software (NASDAQ:ASUR - Get Free Report) was upgraded by Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Monday, Wall Street Zen reports.

Several other equities research analysts have also commented on the stock. Weiss Ratings upgraded shares of Asure Software from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, July 2nd. Zacks Research downgraded shares of Asure Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 20th. TD Cowen raised shares of Asure Software to a "strong-buy" rating in a report on Monday, May 18th. Finally, Stephens started coverage on shares of Asure Software in a research note on Friday. They issued an "overweight" rating and a $11.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $13.00.

Asure Software Stock Performance

ASUR stock opened at $9.28 on Monday. Asure Software has a 1-year low of $6.80 and a 1-year high of $10.20. The business has a 50-day moving average price of $8.39 and a 200 day moving average price of $8.54. The company has a market capitalization of $268.01 million, a P/E ratio of -32.00, a PEG ratio of 1.10 and a beta of 0.52. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.06 and a quick ratio of 1.05.

Insider Buying and Selling

In other Asure Software news, Director Bjorn Reynolds sold 15,420 shares of the business's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $8.35, for a total value of $128,757.00. Following the completion of the transaction, the director directly owned 31,162 shares in the company, valued at approximately $260,202.70. The trade was a 33.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 8.90% of the company's stock.

Institutional Trading of Asure Software

Institutional investors have recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its holdings in shares of Asure Software by 107.7% 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 boosted its holdings in Asure Software by 446.8% in the second quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company's stock valued at $65,000 after purchasing an additional 5,451 shares during the last quarter. Steward Partners Investment Advisory LLC acquired a new stake in Asure Software during the 4th quarter worth about $66,000. Ancora Advisors LLC acquired a new stake in Asure Software during the 2nd quarter worth about $79,000. Finally, Boston Partners purchased a new position in shares of Asure Software during the 4th quarter valued at about $108,000. 71.58% of the stock is currently owned by institutional investors and hedge funds.

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.

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