Asure Software (NASDAQ:ASUR) Upgraded to Buy at Wall Street Zen

Wall Street Zen upgraded shares of Asure Software (NASDAQ:ASUR) from a hold rating to a buy rating in a research note released on Saturday.

Other analysts also recently issued research reports about the stock. Barrington Research reaffirmed an “outperform” rating and set a $15.00 target price on shares of Asure Software in a report on Friday, February 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a report on Wednesday, January 21st. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Asure Software presently has an average rating of “Hold” and an average price target of $15.00.

Asure Software Trading Down 0.5%

ASUR stock opened at $7.91 on Friday. Asure Software has a one year low of $6.80 and a one year high of $11.48. The stock has a market cap of $224.41 million, a price-to-earnings ratio of -16.83, a price-to-earnings-growth ratio of 0.98 and a beta of 0.45. The company has a fifty day moving average price of $8.68 and a two-hundred day moving average price of $8.56. The company has a debt-to-equity ratio of 0.32, a current ratio of 1.07 and a quick ratio of 1.06.

Institutional Investors Weigh In On Asure Software

Institutional investors have recently modified their holdings of the business. Price T Rowe Associates Inc. MD grew its stake in shares of Asure Software by 10.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 36,992 shares of the technology company’s stock valued at $349,000 after acquiring an additional 3,536 shares in the last quarter. Rothschild Wealth LLC acquired a new stake in Asure Software in the 4th quarter worth about $471,000. Rice Hall James & Associates LLC boosted its holdings in Asure Software by 39.2% in the 4th quarter. Rice Hall James & Associates LLC now owns 595,201 shares of the technology company’s stock valued at $5,607,000 after purchasing an additional 167,756 shares during the period. Needham Investment Management LLC boosted its holdings in Asure Software by 1.5% in the 4th 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. Finally, Barclays PLC grew its position in shares of Asure Software by 8.3% during the 4th quarter. Barclays PLC now owns 39,357 shares of the technology company’s stock worth $371,000 after purchasing an additional 3,033 shares in the last quarter. Institutional investors own 71.58% of the company’s stock.

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.