Asure Software (NASDAQ:ASUR - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued on Saturday.
Other analysts have also recently issued reports about the stock. Barrington Research reissued an "outperform" rating and set a $15.00 target price on shares of Asure Software in a report on Friday, April 24th. TD Cowen raised shares of Asure Software to a "strong-buy" rating in a research report on Monday, May 18th. Zacks Research lowered shares of Asure Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings raised shares of Asure Software from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, July 2nd. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $15.00.
Check Out Our Latest Analysis on Asure Software
Asure Software Stock Performance
ASUR stock opened at $8.74 on Friday. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31. The firm has a market cap of $252.41 million, a P/E ratio of -30.14, a P/E/G ratio of 1.00 and a beta of 0.49. Asure Software has a 12-month low of $6.80 and a 12-month high of $10.20. The stock's 50 day simple moving average is $8.20 and its 200 day simple moving average is $8.51.
Insider Buying and Selling at Asure Software
In other news, Director Bjorn Reynolds sold 15,420 shares of the firm's stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $8.35, for a total transaction of $128,757.00. Following the completion of 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 position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 8.90% of the stock is currently owned by company insiders.
Institutional Investors Weigh In On Asure Software
Institutional investors have recently bought and sold shares of the business. Needham Investment Management LLC increased its holdings in Asure Software by 1.5% in the fourth quarter. Needham Investment Management LLC now owns 2,570,000 shares of the technology company's stock worth $24,209,000 after buying an additional 37,500 shares during the last quarter. Jupiter Topco LLC bought a new position in Asure Software during the second quarter valued at approximately $14,537,000. Janus Henderson Group PLC lifted its stake in Asure Software by 10.0% in the first quarter. Janus Henderson Group PLC now owns 1,769,578 shares of the technology company's stock valued at $15,218,000 after acquiring an additional 161,074 shares during the last quarter. BlackRock Inc. acquired a new stake in Asure Software in the second quarter valued at approximately $13,113,000. Finally, Vanguard Group Inc. grew its position in Asure Software by 3.1% in the third quarter. Vanguard Group Inc. now owns 1,401,318 shares of the technology company's stock worth $11,491,000 after acquiring an additional 41,539 shares in the last quarter. 71.58% of the stock is currently owned by institutional investors and hedge funds.
About Asure Software
(
Get Free Report)
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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