Insider Selling: Asure Software, Inc. (NASDAQ:ASUR) Director Sells 7,500 Shares of Stock

Asure Software, Inc. (NASDAQ:ASUR) Director Grace G. Lee sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of $9.51, for a total value of $71,325.00. Following the completion of the sale, the director now directly owns 32,215 shares in the company, valued at approximately $306,364.65. This represents a 18.88 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Asure Software Stock Performance

ASUR stock opened at $10.50 on Friday. The stock has a market capitalization of $283.28 million, a PE ratio of -22.34, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. Asure Software, Inc. has a 12-month low of $6.89 and a 12-month high of $12.74. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The stock’s 50 day simple moving average is $11.21 and its 200 day simple moving average is $9.92.

Analyst Ratings Changes

A number of analysts have recently commented on ASUR shares. Stifel Nicolaus boosted their price target on Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price target on shares of Asure Software in a research report on Friday, March 7th. Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price objective on shares of Asure Software in a research report on Friday, March 7th. Finally, Stephens reaffirmed an “overweight” rating and issued a $13.00 price objective on shares of Asure Software in a research report on Friday, March 7th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $14.17.

Hedge Funds Weigh In On Asure Software

Several hedge funds and other institutional investors have recently modified their holdings of the company. State Street Corp lifted its holdings in shares of Asure Software by 0.5% during the 3rd quarter. State Street Corp now owns 429,298 shares of the technology company’s stock valued at $3,885,000 after buying an additional 1,961 shares during the period. Penbrook Management LLC lifted its holdings in shares of Asure Software by 1.8% during the 4th quarter. Penbrook Management LLC now owns 114,035 shares of the technology company’s stock valued at $1,073,000 after buying an additional 2,000 shares during the period. American Century Companies Inc. lifted its holdings in shares of Asure Software by 8.5% during the 4th quarter. American Century Companies Inc. now owns 39,313 shares of the technology company’s stock valued at $370,000 after buying an additional 3,078 shares during the period. Bank of America Corp DE lifted its holdings in shares of Asure Software by 13.6% during the 4th quarter. Bank of America Corp DE now owns 27,505 shares of the technology company’s stock valued at $259,000 after buying an additional 3,287 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Asure Software by 29.7% during the 4th quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company’s stock valued at $143,000 after buying an additional 3,480 shares during the period. 71.58% of the stock is owned by institutional investors.

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.