Asure Software (NASDAQ:ASUR) Director Sells $128,757.00 in Stock

Asure Software Inc (NASDAQ:ASUR) Director Bjorn Reynolds sold 15,420 shares of the stock in a transaction dated Tuesday, August 11th. The shares were sold at an average price of $8.35, for a total transaction 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. The trade was a 33.10% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Asure Software Trading Down 2.4%

ASUR opened at $8.47 on Friday. The stock has a 50-day moving average of $8.24 and a 200 day moving average of $8.55. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31. Asure Software Inc has a 12 month low of $6.80 and a 12 month high of $10.20. The firm has a market cap of $244.61 million, a P/E ratio of -29.21, a P/E/G ratio of 1.03 and a beta of 0.49.

Wall Street Analysts Forecast Growth

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

Institutional Investors Weigh In On Asure Software

Several hedge funds and other institutional investors have recently modified their holdings of the business. Jupiter Topco LLC purchased a new position in Asure Software during the 2nd quarter valued at $14,537,000. BlackRock Inc. purchased a new stake in Asure Software in the second quarter worth $13,113,000. Rice Hall James & Associates LLC purchased a new stake in Asure Software in the second quarter worth $5,603,000. S Squared Technology LLC bought a new stake in shares of Asure Software during the second quarter worth $3,170,918,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Asure Software during the second quarter valued at $1,905,000. 71.58% of the stock is currently 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.