Asure Software (NASDAQ:ASUR) Stock Price Crosses Above 200-Day Moving Average - What's Next?

Key Points

• Asure Software shares crossed above their 200-day moving average, reaching $9.82 and last trading at $9.41, while the stock was reported up 30.2%.
• Third-quarter results showed improving fundamentals: revenue rose 10% year over year to $40.0 million, recurring revenue increased 16% to $36.9 million, adjusted EBITDA grew to $10.5 million, and adjusted earnings of $0.21 per share exceeded estimates.
• Management forecast 2027 revenue of approximately $183 million to $187 million, supported by Payroll Tax Management expansion and AWS and Oracle partnerships. Analysts’ consensus rating was “Moderate Buy” with a $13.00 target price, though ratings ranged from Strong Buy to Sell.

Asure Software Inc (NASDAQ:ASUR - Get Free Report) shares crossed above its 200-day moving average during trading on Friday. The stock has a 200-day moving average of $8.47 and traded as high as $9.82. Asure Software shares last traded at $9.41, with a volume of 1,938,543 shares changing hands.

Key Stories Impacting Asure Software

Here are the key news stories impacting Asure Software this week:

• Positive Sentiment: Recurring revenue and profitability improved materially. Third-quarter revenue rose 10% year over year to $40.0 million, while recurring revenue increased 16% to $36.9 million. Net loss narrowed to $0.6 million from $5.4 million, and adjusted EBITDA climbed to $10.5 million from $8.1 million. Non-GAAP gross margin also expanded to 75% from 70%. Asure Announces Third Quarter 2026 Results
• Positive Sentiment: Results exceeded key estimates. Adjusted quarterly earnings were reported at $0.21 per share, above the $0.19 consensus estimate, while revenue also topped expectations. The earnings beat and year-over-year improvement likely reinforced investor confidence in Asure’s growth trajectory. Asure Software Tops Q3 Earnings and Revenue Estimates
• Positive Sentiment: Management provided a constructive growth outlook. Asure forecast 2027 revenue of approximately $183 million to $187 million and highlighted expansion of Payroll Tax Management through AWS and Oracle partnerships. Cross-selling and marketplace partnerships could broaden distribution and increase revenue per customer. Asure forecasts 2027 revenue and expands Payroll Tax Management
• Neutral Sentiment: Brokerages cited a consensus price target of $13.00, suggesting potential upside, although price targets are estimates rather than guarantees. Asure Software Consensus Target Price

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ASUR shares. Weiss Ratings restated a "sell (d-)" rating on shares of Asure Software in a research report on Tuesday, September 29th. Stephens initiated coverage on shares of Asure Software in a research note on Friday, September 4th. They issued an "overweight" rating and a $11.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Asure Software from a "hold" rating to a "buy" rating in a report on Monday, September 7th. One 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 given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $13.00.

Asure Software Stock Up 30.2%

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 $271.75 million, a PE ratio of -78.41, a PEG ratio of 0.86 and a beta of 0.55. The company's 50 day moving average price is $8.02 and its two-hundred day moving average price is $8.47.

Insider Activity

In other Asure Software news, Director Bjorn Reynolds sold 15,420 shares of the stock in a transaction on Tuesday, August 11th. The stock was sold at an average price of $8.35, for a total value of $128,757.00. Following the completion of the sale, the director owned 31,162 shares in the company, valued at approximately $260,202.70. This represents a 33.10% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.90% of the stock is currently owned by company insiders.

Institutional Trading of Asure Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new stake in Asure Software during the 2nd quarter worth approximately $13,113,000. Bank of New York Mellon Corp acquired a new stake in Asure Software during the 2nd quarter worth $1,463,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Asure Software in the 2nd quarter valued at $1,905,000. S Squared Technology LLC acquired a new position in shares of Asure Software during the 2nd quarter worth $3,170,918. Finally, Janus Henderson Group PLC increased 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 purchasing an additional 161,074 shares during the last quarter. Institutional investors own 71.58% of the company's stock.

About Asure Software

Asure Software, Inc NASDAQ: ASUR provides cloud-based human capital management (HCM) software and services for small and midsized businesses. Its platform is designed to help employers manage core workforce and administrative processes through a unified suite of online tools.

Asure's products and services include payroll processing and tax services, time and attendance tracking, human resources management, benefits administration, employee onboarding, talent management, and employee self-service.

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