Asure Software, Inc. (NASDAQ:ASUR) Director Sells $71,325.00 in Stock

Asure Software, Inc. (NASDAQ:ASUR) Director Grace G. Lee sold 7,500 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $9.51, for a total transaction of $71,325.00. Following the transaction, the director now directly owns 32,215 shares in the company, valued at approximately $306,364.65. The trade was a 18.88 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Asure Software Stock Down 4.1 %

Shares of NASDAQ ASUR opened at $10.07 on Friday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a market cap of $271.68 million, a price-to-earnings ratio of -21.43, a PEG ratio of 1.11 and a beta of 0.60. Asure Software, Inc. has a 52-week low of $6.89 and a 52-week high of $12.74. The business’s 50 day moving average is $11.19 and its two-hundred day moving average is $9.93.

Institutional Investors Weigh In On Asure Software

Several institutional investors and hedge funds have recently modified their holdings of the company. Huntington National Bank purchased a new stake in Asure Software during the third quarter worth about $64,000. Swedbank AB increased its stake in Asure Software by 7.1% during the 3rd quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock worth $6,788,000 after buying an additional 50,000 shares during the period. FMR LLC increased its stake in Asure Software by 350.8% during the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company’s stock worth $60,000 after buying an additional 5,199 shares during the period. ArrowMark Colorado Holdings LLC purchased a new stake in shares of Asure Software during the third quarter worth $5,191,000. Finally, Needham Investment Management LLC increased its position in shares of Asure Software by 25.4% during the third quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock worth $22,467,000 after acquiring an additional 502,500 shares during the period. Hedge funds and other institutional investors own 71.58% of the company’s stock.

Analysts Set New Price Targets

ASUR has been the topic of several recent analyst reports. Northland Securities boosted their target price on shares of Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a report on Wednesday, January 8th. Lake Street Capital upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and set a $20.00 price target on shares of Asure Software in a report on Friday, March 7th. Stephens restated an “overweight” rating and issued a $13.00 target price on shares of Asure Software in a research report on Friday, March 7th. Finally, Stifel Nicolaus lifted their target price on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research report on Wednesday, December 18th. Seven investment analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $14.17.

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.