Asure Software Inc (NASDAQ:ASUR) Stock Rated “Moderate Buy” by Sell-Side Brokerages

Shares of Asure Software Inc (NASDAQ:ASUR) have earned an average rating of “Moderate Buy” from the five brokerages that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, two have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $13.00.

Several research firms have recently weighed in on ASUR. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Asure Software in a research report on Tuesday, September 29th. Stephens assumed coverage on Asure Software in a research report on Friday, September 4th. They issued an “overweight” rating and a $11.00 target price on the stock. Finally, Wall Street Zen upgraded Asure Software from a “hold” rating to a “buy” rating in a research note on Monday, September 7th.

Insider Buying and Selling at Asure Software

In other news, Director Bjorn Reynolds sold 15,420 shares of Asure Software stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $8.35, for a total value of $128,757.00. Following 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 8.90% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Unified Investment Management grew its holdings in shares of Asure Software by 4.4% in the 1st quarter. Unified Investment Management now owns 38,550 shares of the technology company’s stock valued at $332,000 after acquiring an additional 1,625 shares in the last quarter. PNC Financial Services Group Inc. increased its position in shares of Asure Software by 13.4% in the first quarter. PNC Financial Services Group Inc. now owns 20,492 shares of the technology company’s stock valued at $176,000 after acquiring an additional 2,425 shares during the last quarter. Equitable Trust Co. increased its position in shares of Asure Software by 4.0% in the first quarter. Equitable Trust Co. now owns 111,760 shares of the technology company’s stock valued at $961,000 after acquiring an additional 4,250 shares during the last quarter. Ancora Advisors LLC bought a new stake in Asure Software during the second quarter worth about $79,000. Finally, Skylands Capital LLC raised its holdings in Asure Software by 48.2% during the first quarter. Skylands Capital LLC now owns 40,638 shares of the technology company’s stock worth $349,000 after acquiring an additional 13,211 shares in the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.

Asure Software Stock Up 0.1%

Shares of ASUR stock traded up $0.01 during trading hours on Friday, hitting $7.36. 139,240 shares of the company were exchanged, compared to its average volume of 95,718. The business has a 50 day moving average of $8.11 and a two-hundred day moving average of $8.39. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31. Asure Software has a 52 week low of $6.80 and a 52 week high of $10.20. The company has a market capitalization of $212.56 million, a PE ratio of -25.38, a PEG ratio of 0.88 and a beta of 0.55.

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.