Asure Software Inc (NASDAQ:ASUR) Given Average Rating of “Buy” by Brokerages

Shares of Asure Software Inc (NASDAQ:ASUR) have earned an average rating of “Buy” from the five analysts that are currently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have given a buy recommendation and two have issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $15.00.

ASUR has been the subject of several analyst reports. Zacks Research raised shares of Asure Software from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, April 21st. TD Cowen raised shares of Asure Software to a “strong-buy” rating in a research note on Monday. Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a research note on Monday, April 20th. Wall Street Zen downgraded shares of Asure Software from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Finally, Barrington Research reissued an “outperform” rating and issued a $15.00 price objective on shares of Asure Software in a research note on Friday, April 24th.

Asure Software Stock Up 0.7%

Shares of NASDAQ ASUR opened at $8.59 on Tuesday. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.05 and a quick ratio of 1.04. The company has a market cap of $246.36 million, a P/E ratio of -23.86, a PEG ratio of 1.04 and a beta of 0.48. Asure Software has a 1 year low of $6.80 and a 1 year high of $11.48. The firm has a 50-day simple moving average of $8.74 and a two-hundred day simple moving average of $8.70.

Hedge Funds Weigh In On Asure Software

A number of institutional investors have recently modified their holdings of the stock. Unified Investment Management increased its position in shares of Asure Software by 4.4% during the first quarter. Unified Investment Management now owns 38,550 shares of the technology company’s stock worth $332,000 after acquiring an additional 1,625 shares during the period. Anchor Capital Advisors LLC increased its position in shares of Asure Software by 1.5% during the fourth quarter. Anchor Capital Advisors LLC now owns 120,674 shares of the technology company’s stock worth $1,137,000 after acquiring an additional 1,815 shares during the period. American Century Companies Inc. increased its position in shares of Asure Software by 3.9% during the second quarter. American Century Companies Inc. now owns 50,462 shares of the technology company’s stock worth $493,000 after acquiring an additional 1,900 shares during the period. Deutsche Bank AG increased its position in shares of Asure Software by 13.8% during the fourth quarter. Deutsche Bank AG now owns 17,905 shares of the technology company’s stock worth $169,000 after acquiring an additional 2,176 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of Asure Software by 13.4% during the first quarter. PNC Financial Services Group Inc. now owns 20,492 shares of the technology company’s stock worth $176,000 after acquiring an additional 2,425 shares during the period. 71.58% of the stock is owned by hedge funds and other institutional investors.

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.