Asure Software (NASDAQ:ASUR) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of Asure Software (NASDAQ:ASUR) from a buy rating to a hold rating in a research note released on Sunday,Wall Street Zen reports.

ASUR has been the topic of several other research reports. TD Cowen upgraded shares of Asure Software to a “strong-buy” rating in a research report on Monday, May 18th. Weiss Ratings upgraded shares of Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. Finally, Zacks Research cut shares of Asure Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $15.00.

Asure Software Stock Performance

NASDAQ:ASUR opened at $9.06 on Friday. The company has a market cap of $261.65 million, a price-to-earnings ratio of -31.24, a PEG ratio of 1.09 and a beta of 0.51. Asure Software has a 1 year low of $6.80 and a 1 year high of $10.20. The stock’s 50 day simple moving average is $8.31 and its two-hundred day simple moving average is $8.50. 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 Activity

In other news, Director Bjorn Reynolds sold 15,420 shares of Asure Software stock in a transaction that occurred 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 transaction, the director owned 31,162 shares in the company, valued at approximately $260,202.70. The trade was a 33.10% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 8.90% of the stock is owned by insiders.

Hedge Funds Weigh In On Asure Software

Several large investors have recently modified their holdings of the stock. Jane Street Group LLC bought a new stake in Asure Software in the first quarter worth $240,000. American Century Companies Inc. increased its position in Asure Software by 3.9% during the second quarter. American Century Companies Inc. now owns 50,462 shares of the technology company’s stock valued at $493,000 after acquiring an additional 1,900 shares during the last quarter. Invesco Ltd. bought a new position in Asure Software during the second quarter valued at $112,000. Wasatch Advisors LP raised its stake in shares of Asure Software by 19.6% in the second quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company’s stock valued at $7,515,000 after acquiring an additional 126,450 shares during the period. Finally, Tower Research Capital LLC TRC raised its stake in shares of 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 acquiring an additional 5,451 shares during the period. Institutional investors own 71.58% of the company’s stock.

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.