Asure Software (NASDAQ:ASUR) Stock Price Passes Above 200 Day Moving Average - Should You Sell?

Shares of Asure Software, Inc. (NASDAQ:ASUR - Get Free Report) passed 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 traded.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ASUR shares. Northland Securities dropped their target price 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. Stephens started coverage on shares of Asure Software in a research note on Wednesday, October 16th. They issued an "overweight" rating and a $13.00 price target for the company. Needham & Company LLC reissued a "buy" rating and set a $20.00 price objective on shares of Asure Software in a research report on Friday, November 1st. Finally, Barrington Research reissued an "outperform" rating and issued a $17.00 target price on shares of Asure Software in a report on Monday, October 28th. One investment analyst has rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, Asure Software presently has an average rating of "Moderate Buy" and an average target price of $13.21.

Asure Software Stock Down 3.8 %

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 capitalization of $237.92 million, a price-to-earnings ratio of -19.81, a price-to-earnings-growth ratio of 0.97 and a beta of 0.52. The business has a fifty day moving average price of $9.03 and a two-hundred day moving average price of $8.54.

Insider Buying and Selling at Asure Software

In other Asure Software news, Director Daniel M. Gill sold 5,000 shares of the business's stock in a transaction 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 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Asure Software news, Director Daniel M. Gill sold 5,000 shares of the stock in a transaction dated 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 transaction, the director now directly owns 28,165 shares of the company's stock, valued at approximately $244,753.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CRO Eyal Goldstein sold 10,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $8.44, for a total transaction of $84,400.00. Following the completion of the transaction, the executive now owns 239,243 shares in the company, valued at $2,019,210.92. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 8.90% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Huntington National Bank bought a new position in shares of Asure Software during the third quarter valued at $64,000. BNP Paribas Financial Markets raised its position 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 in the last quarter. American Century Companies Inc. increased 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 worth $228,000 after acquiring an additional 4,756 shares during the last quarter. Rhumbline Advisers raised its stake in Asure Software by 11.4% in the 2nd quarter. Rhumbline Advisers now owns 28,802 shares of the technology company's stock worth $242,000 after purchasing an additional 2,948 shares in the last quarter. Finally, Perritt Capital Management Inc increased its stake in Asure Software by 25.4% in the second quarter. Perritt Capital Management Inc now owns 43,877 shares of the technology company's stock valued at $369,000 after acquiring an additional 8,877 shares during the last quarter. 71.58% of the stock is currently owned by institutional investors and hedge funds.

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.