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

Shares of Asure Software, Inc. (NASDAQ:ASUR) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 trading hands.

Analysts Set New Price Targets

ASUR has been the topic of several analyst reports. Northland Securities upped their price objective on Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Stephens reaffirmed an “overweight” rating and issued a $13.00 price objective on shares of Asure Software in a research report on Wednesday, January 15th. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Asure Software in a research report on Monday, October 28th. Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Stifel Nicolaus increased their price target on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $14.17.

Asure Software Price Performance

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $322.05 million, a PE ratio of -25.81, a price-to-earnings-growth ratio of 1.24 and a beta of 0.53. The firm has a 50 day moving average price of $10.24 and a 200 day moving average price of $9.44.

Institutional Investors Weigh In On Asure Software

A number of institutional investors have recently bought and sold shares of the business. State Street Corp increased its stake in Asure Software by 0.5% in the 3rd quarter. State Street Corp now owns 429,298 shares of the technology company’s stock worth $3,885,000 after buying an additional 1,961 shares in the last quarter. Penbrook Management LLC grew its position in shares of Asure Software by 1.8% during the fourth quarter. Penbrook Management LLC now owns 114,035 shares of the technology company’s stock valued at $1,073,000 after purchasing an additional 2,000 shares in the last quarter. American Century Companies Inc. grew its position in shares of Asure Software by 21.2% during the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock valued at $228,000 after purchasing an additional 4,756 shares in the last quarter. FMR LLC grew its position in shares of Asure Software by 350.8% during the third quarter. FMR LLC now owns 6,681 shares of the technology company’s stock valued at $60,000 after purchasing an additional 5,199 shares in the last quarter. Finally, Huntington National Bank purchased a new position in shares of Asure Software during the third quarter valued at about $64,000. Hedge funds and other institutional investors own 71.58% of the company’s stock.

About Asure Software

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.