Asure Software (NASDAQ:ASUR) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Key Points

• Asure Software's shares recently crossed above its 200-day moving average (200‑day MA $8.57), trading as high as $8.82 and last around $8.56, up about 2.3%.
• Analysts are split: Barrington Research reiterated an outperform with a $15 price target while Weiss Ratings maintains a sell (d-)Hold and an average target of $15.
• Institutional investors own roughly 71.58% of the company and several funds (Rice Hall James, Wasatch, Goldman Sachs, Diamond Hill, Kennedy) recently increased stakes, with Asure carrying a market cap of ~$243M and a negative P/E of -18.21.

Asure Software Inc (NASDAQ:ASUR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.57 and traded as high as $8.82. Asure Software shares last traded at $8.56, with a volume of 86,851 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Barrington Research reissued an "outperform" rating and issued a $15.00 price target on shares of Asure Software in a research report on Friday, February 20th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Asure Software in a research note on Wednesday, January 21st. Two 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, the stock has a consensus rating of "Hold" and an average target price of $15.00.

Asure Software Stock Up 2.3%

The firm has a 50-day moving average of $8.83 and a two-hundred day moving average of $8.57. The firm has a market cap of $242.85 million, a price-to-earnings ratio of -18.21, a PEG ratio of 1.04 and a beta of 0.45. The company has a current ratio of 1.07, a quick ratio of 1.06 and a debt-to-equity ratio of 0.32.

Institutional Investors Weigh In On Asure Software

Hedge funds have recently modified their holdings of the business. Rice Hall James & Associates LLC grew its stake in shares of Asure Software by 39.2% in the fourth quarter. Rice Hall James & Associates LLC now owns 595,201 shares of the technology company's stock worth $5,607,000 after acquiring an additional 167,756 shares during the last quarter. Wasatch Advisors LP raised its stake in Asure Software by 19.6% during the 2nd quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company's stock valued at $7,515,000 after purchasing an additional 126,450 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in Asure Software by 100.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 173,105 shares of the technology company's stock valued at $1,631,000 after purchasing an additional 86,890 shares during the period. Diamond Hill Capital Management Inc. grew its position in Asure Software by 43.8% in the 3rd quarter. Diamond Hill Capital Management Inc. now owns 267,759 shares of the technology company's stock worth $2,196,000 after purchasing an additional 81,550 shares during the last quarter. Finally, Kennedy Capital Management LLC grew its position in Asure Software by 18.6% in the 3rd quarter. Kennedy Capital Management LLC now owns 514,963 shares of the technology company's stock worth $4,223,000 after purchasing an additional 80,716 shares during the last quarter. 71.58% of the stock is owned by institutional investors.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.