Asure Software Inc (NASDAQ:ASUR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Asure Software Inc (NASDAQ:ASUR) have been given a consensus recommendation of “Moderate Buy” by the five brokerages that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and one has issued a strong buy rating on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $15.00.

ASUR has been the subject of several recent analyst reports. Wall Street Zen downgraded shares of Asure Software from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Zacks Research downgraded shares of Asure Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Asure Software in a research note on Monday, April 20th. Barrington Research reiterated an “outperform” rating and set a $15.00 price target on shares of Asure Software in a research report on Friday, April 24th. Finally, TD Cowen upgraded shares of Asure Software to a “strong-buy” rating in a research report on Monday, May 18th.

Asure Software Stock Performance

Shares of NASDAQ:ASUR opened at $8.68 on Tuesday. The company has a market cap of $248.94 million, a price-to-earnings ratio of -24.11, a price-to-earnings-growth ratio of 1.06 and a beta of 0.48. The company has a 50-day moving average price of $8.69 and a 200-day moving average price of $8.71. The company has a current ratio of 1.05, a quick ratio of 1.04 and a debt-to-equity ratio of 0.31. Asure Software has a 12 month low of $6.80 and a 12 month high of $11.48.

Hedge Funds Weigh In On Asure Software

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