Asure Software (NASDAQ:ASUR) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Asure Software, Inc. (NASDAQ:ASUR) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-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 equities research analysts have issued reports on the stock. Needham & Company LLC reiterated a “buy” rating and set a $20.00 target price on shares of Asure Software in a report on Friday, November 1st. Stephens initiated coverage on Asure Software in a research note on Wednesday, October 16th. They issued an “overweight” rating and a $13.00 price objective on the stock. Barrington Research restated an “outperform” rating and set a $17.00 price target on shares of Asure Software in a report on Monday, October 28th. Finally, Northland Securities lowered their price objective on Asure Software from $16.00 to $12.50 and set an “outperform” rating for the company in a research report on Friday, November 1st. One analyst has rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.21.

Asure Software Stock Up 1.9 %

The firm has a 50-day moving average price of $9.05 and a two-hundred day moving average price of $8.55. 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 company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07.

Insiders Place Their Bets

In related news, CRO Eyal Goldstein sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $8.44, for a total value of $84,400.00. Following the completion of the sale, the executive now directly owns 239,243 shares of the company’s stock, valued at $2,019,210.92. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Asure Software news, CRO Eyal Goldstein sold 10,000 shares of Asure Software stock in a transaction that occurred on Tuesday, August 20th. The stock was sold at an average price of $8.44, for a total transaction of $84,400.00. Following the transaction, the executive now owns 239,243 shares of the company’s stock, valued at $2,019,210.92. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Daniel M. Gill sold 5,000 shares of the 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 of the company’s stock, valued at $244,753.85. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 8.90% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Asure Software

Institutional investors have recently added to or reduced their stakes in the stock. FMR LLC grew its position in Asure Software by 350.8% in the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company’s stock valued at $60,000 after buying an additional 5,199 shares during the last quarter. Huntington National Bank purchased a new stake in shares of Asure Software in the third quarter valued at approximately $64,000. BNP Paribas Financial Markets grew its holdings in Asure Software by 45.1% during the first quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock worth $85,000 after acquiring an additional 3,398 shares during the period. American Century Companies Inc. grew its holdings in Asure Software by 21.2% during the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock worth $228,000 after acquiring an additional 4,756 shares during the period. Finally, Rhumbline Advisers raised its position in Asure Software by 11.4% in the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock worth $242,000 after acquiring an additional 2,948 shares in the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.

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.