Asure Software (NASDAQ:ASUR) Stock Crosses Above 200-Day Moving Average – Here’s Why

Asure Software, Inc. (NASDAQ:ASUR) shares crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $8.54 and traded as high as $9.58. Asure Software shares last traded at $9.31, with a volume of 113,242 shares.

Analysts Set New Price Targets

A number of brokerages have issued reports on ASUR. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 target price on shares of Asure Software in a report on Friday, November 1st. Northland Securities decreased their target price on Asure Software from $16.00 to $12.50 and set an “outperform” rating on the stock in a research report on Friday, November 1st. Stephens assumed coverage on Asure Software in a research note on Wednesday, October 16th. They set an “overweight” rating and a $13.00 price target for the company. Finally, Barrington Research reiterated an “outperform” rating and issued a $17.00 price objective on shares of Asure Software in a research report on Monday, October 28th. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $13.21.

Asure Software Trading Up 1.9 %

The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market cap of $242.40 million, a price-to-earnings ratio of -19.43, a price-to-earnings-growth ratio of 1.41 and a beta of 0.52. The business’s 50-day moving average price is $9.05 and its two-hundred day moving average price is $8.55.

Insider Activity at Asure Software

In related news, Director Daniel M. Gill sold 5,000 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $8.69, for a total value of $43,450.00. Following the completion of the sale, the director now directly owns 28,165 shares in the company, valued at approximately $244,753.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CRO Eyal Goldstein sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 20th. The stock was sold at an average price of $8.44, for a total transaction of $84,400.00. Following the completion of the sale, the executive now owns 239,243 shares in the company, valued at approximately $2,019,210.92. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Daniel M. Gill sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $8.69, for a total transaction of $43,450.00. Following the completion of the transaction, the director now owns 28,165 shares in the company, valued at $244,753.85. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 8.90% of the company’s stock.

Institutional Investors Weigh In On Asure Software

Several large investors have recently made changes to their positions in the business. Rhumbline Advisers lifted its holdings in shares of Asure Software by 11.4% during the 2nd quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock valued at $242,000 after acquiring an additional 2,948 shares in the last quarter. BNP Paribas Financial Markets boosted its position in shares of Asure Software by 45.1% in the first quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock worth $85,000 after buying an additional 3,398 shares during the period. American Century Companies Inc. raised its holdings in shares of Asure Software by 21.2% during the 2nd quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock valued at $228,000 after buying an additional 4,756 shares during the period. Empowered Funds LLC lifted its position in Asure Software by 8.2% during the 1st quarter. Empowered Funds LLC now owns 67,168 shares of the technology company’s stock worth $523,000 after acquiring an additional 5,075 shares in the last quarter. Finally, FMR LLC boosted its holdings in Asure Software by 350.8% in the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company’s stock worth $60,000 after acquiring an additional 5,199 shares during the period. Institutional investors and hedge funds 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.