Shares of Asure Software, Inc. (NASDAQ:ASUR – Get Rating) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.27 and traded as high as $13.99. Asure Software shares last traded at $13.93, with a volume of 248,815 shares traded.
Analyst Upgrades and Downgrades
Several research firms have commented on ASUR. Needham & Company LLC increased their target price on Asure Software from $14.00 to $20.00 and gave the company a “buy” rating in a research report on Tuesday, February 28th. Barrington Research lifted their price target on Asure Software to $15.00 in a report on Tuesday, February 28th. Roth Mkm reiterated a “buy” rating and issued a $23.00 price target (up from $16.00) on shares of Asure Software in a research report on Tuesday, February 28th. Craig Hallum boosted their target price on Asure Software to $10.00 in a research report on Tuesday, November 15th. Finally, Lake Street Capital lifted their target price on Asure Software from $12.00 to $17.00 and gave the stock a “buy” rating in a report on Tuesday, February 28th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $15.43.
Asure Software Stock Performance
The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average of $11.15 and a 200-day moving average of $8.27. The stock has a market capitalization of $282.39 million, a price-to-earnings ratio of -19.62, a P/E/G ratio of 4.71 and a beta of 0.71.
Insiders Place Their Bets
Institutional Trading of Asure Software
A number of hedge funds have recently bought and sold shares of the business. Private Capital Management LLC boosted its position in Asure Software by 33.4% in the 2nd quarter. Private Capital Management LLC now owns 3,407,915 shares of the technology company’s stock valued at $19,425,000 after buying an additional 853,762 shares during the period. Vanguard Group Inc. lifted its position in shares of Asure Software by 48.0% during the 1st quarter. Vanguard Group Inc. now owns 1,762,073 shares of the technology company’s stock worth $10,484,000 after purchasing an additional 571,201 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its position in Asure Software by 14.4% in the fourth quarter. ArrowMark Colorado Holdings LLC now owns 1,778,292 shares of the technology company’s stock valued at $16,609,000 after acquiring an additional 223,525 shares during the last quarter. EAM Investors LLC purchased a new stake in Asure Software in the fourth quarter valued at $1,548,000. Finally, Dimensional Fund Advisors LP lifted its position in Asure Software by 19.5% in the third quarter. Dimensional Fund Advisors LP now owns 531,549 shares of the technology company’s stock valued at $3,042,000 after acquiring an additional 86,630 shares during the last quarter. Institutional investors and hedge funds own 61.70% of the company’s stock.
About Asure Software
Asure Software, Inc delivers human capital management solutions through the lens of entrepreneurs and executives with an owner’s mentality. It helps small and mid-sized businesses to develop their human capital and allocate their time, money and technology toward growth. Its solutions include Asure Payroll & Tax, Asure HR, and Asure Time & Attendance.
- Get a free copy of the StockNews.com research report on Asure Software (ASUR)
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