Asure Software (NASDAQ:ASUR) Stock Price Crosses Above 200 Day Moving Average – Should You Sell?

Asure Software Inc (NASDAQ:ASUR) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $8.52 and traded as high as $9.46. Asure Software shares last traded at $9.35, with a volume of 185,070 shares traded.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Asure Software in a research note on Wednesday, January 21st. Barrington Research reaffirmed an “outperform” rating and issued a $15.00 price objective on shares of Asure Software in a research note on Friday, February 20th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $15.00.

Asure Software Stock Performance

The firm’s 50 day simple moving average is $8.96 and its 200 day simple moving average is $8.53. The firm has a market cap of $268.10 million, a PE ratio of -20.11, a PEG ratio of 1.11 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

Several hedge funds and other institutional investors have recently made changes to their positions in ASUR. BNP Paribas Financial Markets boosted its stake in shares of Asure Software by 107.8% during the 3rd quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock worth $41,000 after purchasing an additional 2,586 shares during the period. Tower Research Capital LLC TRC boosted its position in shares of Asure Software by 446.8% during the second quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock valued at $65,000 after buying an additional 5,451 shares during the period. Steward Partners Investment Advisory LLC bought a new position in shares of Asure Software during the fourth quarter valued at approximately $66,000. Tripletail Wealth Management LLC purchased a new stake in shares of Asure Software in the third quarter worth approximately $75,000. Finally, Invesco Ltd. purchased a new stake in shares of Asure Software in the second quarter worth approximately $112,000. Hedge funds and other institutional investors own 71.58% of the company’s stock.

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.