Asure Software (NASDAQ:ASUR) Stock Rating Lowered by Wall Street Zen

Asure Software (NASDAQ:ASUR) was downgraded by equities research analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a note issued to investors on Sunday, Wall Street Zen reports.

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

Asure Software Trading Up 0.6%

Shares of ASUR stock opened at $9.12 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.31. Asure Software has a fifty-two week low of $6.80 and a fifty-two week high of $10.20. The firm’s 50 day moving average price is $8.28 and its two-hundred day moving average price is $8.49. The stock has a market cap of $263.39 million, a price-to-earnings ratio of -31.45, a price-to-earnings-growth ratio of 1.08 and a beta of 0.49.

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 stock was sold at an average price of $8.35, for a total transaction of $128,757.00. Following the completion of the sale, the director directly owned 31,162 shares in the company, valued at $260,202.70. This trade represents a 33.10% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 8.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Needham Investment Management LLC increased its holdings in Asure Software by 1.5% during the 4th quarter. Needham Investment Management LLC now owns 2,570,000 shares of the technology company’s stock worth $24,209,000 after purchasing an additional 37,500 shares during the last quarter. Jupiter Topco LLC purchased a new position in shares of Asure Software during the 2nd quarter valued at approximately $14,537,000. Janus Henderson Group PLC grew its position in shares of Asure Software by 10.0% during the first quarter. Janus Henderson Group PLC now owns 1,769,578 shares of the technology company’s stock worth $15,218,000 after buying an additional 161,074 shares in the last quarter. BlackRock Inc. acquired a new stake in shares of Asure Software during the second quarter worth approximately $13,113,000. Finally, Vanguard Group Inc. increased its stake in shares of 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 buying an additional 41,539 shares during the last quarter. 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.