Asure Software (NASDAQ:ASUR) Stock Rating Lowered by Zacks Research

Asure Software (NASDAQ:ASUR) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a report released on Wednesday,Zacks.com reports.

A number of other research firms have also recently issued reports on ASUR. TD Cowen upgraded Asure Software to a “strong-buy” rating in a research report on Monday. Wall Street Zen cut Asure Software from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings restated a “sell (d-)” rating on shares of Asure Software in a research report on Monday, April 20th. Finally, Barrington Research restated an “outperform” rating and set a $15.00 price objective on shares of Asure Software in a research report on Friday, April 24th. One investment analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Asure Software has a consensus rating of “Moderate Buy” and a consensus target price of $15.00.

Asure Software Stock Performance

Shares of NASDAQ ASUR opened at $8.79 on Wednesday. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.31. The business’s 50 day moving average is $8.70 and its two-hundred day moving average is $8.71. The company has a market cap of $252.10 million, a P/E ratio of -24.42, a P/E/G ratio of 1.07 and a beta of 0.48. Asure Software has a 12 month low of $6.80 and a 12 month high of $11.48.

Institutional Trading of Asure Software

A number of institutional investors and hedge funds have recently modified their holdings of the company. Needham Investment Management LLC increased its position in shares of Asure Software by 1.5% during the fourth quarter. Needham Investment Management LLC now owns 2,570,000 shares of the technology company’s stock valued at $24,209,000 after purchasing an additional 37,500 shares during the period. Janus Henderson Group PLC grew its position in Asure Software by 10.0% in the first quarter. Janus Henderson Group PLC now owns 1,769,578 shares of the technology company’s stock valued at $15,218,000 after acquiring an additional 161,074 shares during the period. Vanguard Group Inc. grew its position in Asure Software by 3.1% in the third quarter. Vanguard Group Inc. now owns 1,401,318 shares of the technology company’s stock valued at $11,491,000 after acquiring an additional 41,539 shares during the period. Dimensional Fund Advisors LP grew its position in Asure Software by 4.2% in the first quarter. Dimensional Fund Advisors LP now owns 959,444 shares of the technology company’s stock valued at $8,251,000 after acquiring an additional 38,427 shares during the period. Finally, ArrowMark Colorado Holdings LLC grew its position in Asure Software by 7.7% in the third quarter. ArrowMark Colorado Holdings LLC now owns 866,474 shares of the technology company’s stock valued at $7,105,000 after acquiring an additional 62,231 shares during the period. 71.58% of the stock is currently owned by institutional investors.

Asure Software Company Profile

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.