Asure Software (NASDAQ:ASUR) Stock Price Passes Above 200 Day Moving Average - Here's What Happened

Asure Software, Inc. (NASDAQ:ASUR - Get Free Report) shares 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 trading hands.

Analyst Ratings Changes

ASUR has been the subject of a number of research reports. Stifel Nicolaus increased their price target on shares of Asure Software from $10.00 to $11.00 and gave the stock a "buy" rating in a research note on Wednesday, December 18th. Northland Securities increased their target price on Asure Software from $12.50 to $14.00 and gave the stock an "outperform" rating in a research report on Wednesday, January 8th. Lake Street Capital upgraded Asure Software from a "hold" rating to a "buy" rating in a research report on Tuesday, January 7th. Stephens reaffirmed an "overweight" rating and issued a $13.00 price target on shares of Asure Software in a research note on Wednesday, January 15th. Finally, Barrington Research reissued an "outperform" rating and set a $17.00 price objective on shares of Asure Software in a research report on Monday, October 28th. Seven equities research analysts have rated the stock with a buy rating, According to MarketBeat, the company has an average rating of "Buy" and an average target price of $14.17.

Asure Software Trading Down 0.6 %

The stock's 50 day moving average is $10.39 and its 200-day moving average is $9.50. The company has a market cap of $313.82 million, a P/E ratio of -25.15, a PEG ratio of 1.21 and a beta of 0.53. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04.

Institutional Investors Weigh In On Asure Software

A number of institutional investors have recently made changes to their positions in ASUR. Penbrook Management LLC lifted its position in Asure Software by 1.8% in the 4th quarter. Penbrook Management LLC now owns 114,035 shares of the technology company's stock valued at $1,073,000 after acquiring an additional 2,000 shares in the last quarter. Tallon Kerry Patrick purchased a new position in shares of Asure Software in the fourth quarter worth $1,372,000. Barclays PLC lifted its holdings 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 valued at $281,000 after purchasing an additional 21,533 shares in the last quarter. Geode Capital Management LLC boosted 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 valued at $5,251,000 after buying an additional 24,649 shares during the last quarter. Finally, M&T Bank Corp bought a new stake in Asure Software in the 3rd quarter worth about $516,000. 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.