Asure Software (NASDAQ:ASUR) Research Coverage Started at Stephens

Stephens initiated coverage on shares of Asure Software (NASDAQ:ASUR) in a report issued on Friday morning, Marketbeat reports. The brokerage issued an overweight rating and a $11.00 target price on the technology company’s stock.

Several other brokerages have also commented on ASUR. Wall Street Zen lowered Asure Software from a “buy” rating to a “hold” rating in a research note on Sunday, August 30th. TD Cowen raised Asure Software to a “strong-buy” rating in a research report on Monday, May 18th. Zacks Research lowered shares of Asure Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, 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. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.00.

Asure Software Stock Performance

ASUR opened at $9.28 on Friday. The stock has a market capitalization of $268.01 million, a PE ratio of -32.00, a P/E/G ratio of 1.10 and a beta of 0.52. Asure Software has a one year low of $6.80 and a one year high of $10.20. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.06. The business’s 50 day moving average price is $8.39 and its 200 day moving average price is $8.54.

Insiders Place Their Bets

In other Asure Software news, Director Bjorn Reynolds sold 15,420 shares of the stock in a transaction that occurred on Tuesday, August 11th. The shares were sold at an average price of $8.35, for a total transaction of $128,757.00. Following the sale, the director directly owned 31,162 shares in the company, valued at $260,202.70. This represents a 33.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 8.90% of the stock is currently owned by insiders.

Institutional Trading of Asure Software

Large investors have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in Asure Software in the first quarter valued at $240,000. American Century Companies Inc. increased its holdings in Asure Software by 3.9% during the 2nd 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. Invesco Ltd. purchased a new stake in Asure Software during the 2nd quarter worth about $112,000. Wasatch Advisors LP raised its position in Asure Software by 19.6% in the 2nd quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company’s stock valued at $7,515,000 after purchasing an additional 126,450 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in Asure Software by 446.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock valued at $65,000 after purchasing an additional 5,451 shares in 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.