Asure Software (NASDAQ:ASUR) Director Sells 15,420 Shares

Asure Software Inc (NASDAQ:ASUR) Director Bjorn Reynolds sold 15,420 shares of the stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $8.35, for a total value of $128,757.00. Following the completion of the transaction, the director directly owned 31,162 shares of the company’s stock, valued at approximately $260,202.70. This represents a 33.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Asure Software Price Performance

ASUR traded down $0.04 on Wednesday, hitting $8.36. 108,056 shares of the company’s stock were exchanged, compared to its average volume of 106,777. Asure Software Inc has a fifty-two week low of $6.80 and a fifty-two week high of $10.20. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31. The firm has a 50-day moving average price of $8.27 and a 200-day moving average price of $8.56. The stock has a market cap of $241.43 million, a price-to-earnings ratio of -28.83, a P/E/G ratio of 1.02 and a beta of 0.49.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. TD Cowen upgraded shares of Asure Software to a “strong-buy” rating in a research report on Monday, May 18th. Zacks Research lowered shares of Asure Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Wall Street Zen cut Asure Software from a “buy” rating to a “hold” rating in a report on Saturday, August 1st. Weiss Ratings upgraded Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, July 2nd. Finally, Barrington Research reaffirmed an “outperform” rating and issued a $15.00 price target on shares of Asure Software in a report on Friday, April 24th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Hedge Funds Weigh In On Asure Software

A number of institutional investors have recently bought and sold shares of ASUR. Jane Street Group LLC purchased a new stake in shares of Asure Software in the 1st quarter valued at approximately $240,000. American Century Companies Inc. raised its position in shares of Asure Software by 3.9% during the 2nd quarter. American Century Companies Inc. now owns 50,462 shares of the technology company’s stock valued at $493,000 after buying an additional 1,900 shares during the period. Invesco Ltd. acquired a new position in Asure Software in the second quarter valued at approximately $112,000. Wasatch Advisors LP lifted its holdings in Asure Software by 19.6% in the second quarter. Wasatch Advisors LP now owns 770,025 shares of the technology company’s stock valued at $7,515,000 after acquiring an additional 126,450 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its position 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 worth $65,000 after acquiring an additional 5,451 shares during the period. 71.58% of the stock is owned by hedge funds and other institutional investors.

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.