Asure Software (NASDAQ:ASUR) Share Price Passes Above 200 Day Moving Average – Here’s Why

Asure Software, Inc. (NASDAQ:ASUR)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $9.44 and traded as high as $12.40. Asure Software shares last traded at $12.13, with a volume of 93,059 shares changing hands.

Analyst Upgrades and Downgrades

ASUR has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price objective on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a report on Monday, October 28th. Lake Street Capital raised shares of Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price target on shares of Asure Software in a report on Wednesday, January 15th. Finally, Northland Securities increased their price target on shares of Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $14.17.

Asure Software Trading Down 0.8 %

The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a market cap of $322.05 million, a P/E ratio of -25.81, a P/E/G ratio of 1.24 and a beta of 0.53. The company’s 50 day simple moving average is $10.24 and its 200-day simple moving average is $9.44.

Hedge Funds Weigh In On Asure Software

Institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC increased its position in shares of Asure Software by 4.4% during the third quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company’s stock worth $5,251,000 after acquiring an additional 24,649 shares during the period. Whittier Trust Co. purchased a new position in shares of Asure Software during the third quarter worth approximately $4,140,000. Tallon Kerry Patrick purchased a new position in shares of Asure Software during the fourth quarter worth approximately $1,372,000. Barclays PLC increased its position in shares of Asure Software by 225.7% during the third quarter. Barclays PLC now owns 31,075 shares of the technology company’s stock worth $281,000 after acquiring an additional 21,533 shares during the period. Finally, Rice Hall James & Associates LLC increased its position in shares of Asure Software by 465.1% during the third quarter. Rice Hall James & Associates LLC now owns 526,345 shares of the technology company’s stock worth $4,763,000 after acquiring an additional 433,197 shares during the period. 71.58% of the stock is owned by hedge funds and other institutional investors.

Asure Software Company Profile

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.