Asure Software (NASDAQ:ASUR) Shares Cross Above Two Hundred 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 $8.65 and traded as high as $9.62. Asure Software shares last traded at $8.91, with a volume of 57,099 shares traded.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the stock. Barrington Research reissued an “outperform” rating and issued a $15.00 price objective on shares of Asure Software in a research report on Tuesday, December 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Asure Software in a research report on Wednesday, January 21st. Three research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $14.33.

Asure Software Stock Performance

The company has a debt-to-equity ratio of 0.33, a quick ratio of 1.07 and a current ratio of 1.08. The company has a market capitalization of $247.34 million, a PE ratio of -14.37, a PEG ratio of 1.19 and a beta of 0.43. The company has a 50 day moving average price of $9.17 and a 200 day moving average price of $8.64.

Hedge Funds Weigh In On Asure Software

A number of hedge funds have recently made changes to their positions in ASUR. BNP Paribas Financial Markets boosted its holdings in Asure Software by 107.8% in the third quarter. BNP Paribas Financial Markets now owns 4,986 shares of the technology company’s stock valued at $41,000 after acquiring an additional 2,586 shares during the last quarter. Tower Research Capital LLC TRC boosted its stake in Asure Software by 446.8% in the second quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company’s stock valued at $65,000 after acquiring an additional 5,451 shares during the last quarter. Tripletail Wealth Management LLC bought a new stake in shares of Asure Software during the 3rd quarter valued at $75,000. Invesco Ltd. bought a new stake in shares of Asure Software in the second quarter worth about $112,000. Finally, R Squared Ltd acquired a new position in shares of Asure Software during the 2nd quarter worth about $123,000. Institutional investors and hedge funds own 71.58% of the company’s stock.

About Asure Software

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.