Asure Software (NASDAQ:ASUR) Stock Passes Above 200 Day Moving Average – Time to Sell?

Asure Software Inc (NASDAQ:ASUR)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $8.69 and traded as high as $8.94. Asure Software shares last traded at $8.53, with a volume of 47,336 shares.

Analysts Set New Price Targets

ASUR has been the subject of a number of analyst reports. 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. Wall Street Zen lowered Asure Software from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Asure Software in a report on Monday, April 20th. Finally, Zacks Research upgraded shares of Asure Software from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, April 21st. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $15.00.

Asure Software Stock Performance

The firm has a market capitalization of $244.64 million, a price-to-earnings ratio of -23.69, a P/E/G ratio of 1.04 and a beta of 0.48. The company has a 50-day moving average price of $8.76 and a 200-day moving average price of $8.69. The company has a quick ratio of 1.04, a current ratio of 1.05 and a debt-to-equity ratio of 0.31.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ASUR. Quantinno Capital Management LP raised its stake in shares of Asure Software by 179.4% during the first quarter. Quantinno Capital Management LP now owns 114,403 shares of the technology company’s stock valued at $984,000 after purchasing an additional 73,451 shares in the last quarter. Rice Hall James & Associates LLC grew its position in Asure Software by 12.7% in the 1st quarter. Rice Hall James & Associates LLC now owns 670,944 shares of the technology company’s stock valued at $5,770,000 after buying an additional 75,743 shares in the last quarter. Sei Investments Co. increased its stake in Asure Software by 97.3% during the 1st quarter. Sei Investments Co. now owns 91,638 shares of the technology company’s stock valued at $788,000 after buying an additional 45,195 shares during the period. PNC Financial Services Group Inc. raised its position in shares of Asure Software by 13.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 20,492 shares of the technology company’s stock worth $176,000 after buying an additional 2,425 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Asure Software by 4.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 959,444 shares of the technology company’s stock worth $8,251,000 after buying an additional 38,427 shares in the last quarter. 71.58% of the stock is owned by institutional investors and hedge funds.

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.