Asure Software, Inc. (NASDAQ:ASUR) Short Interest Down 9.4% in June

Asure Software, Inc. (NASDAQ:ASUR) was the recipient of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 674,400 shares, a drop of 9.4% from the May 31st total of 744,100 shares. Based on an average daily volume of 157,200 shares, the days-to-cover ratio is currently 4.3 days.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ASUR shares. TD Cowen dropped their price target on shares of Asure Software from $12.00 to $10.00 and set a “buy” rating for the company in a research note on Monday, May 6th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research note on Thursday, May 16th. Finally, Barrington Research reissued an “outperform” rating and issued a $17.00 price objective on shares of Asure Software in a research note on Monday, June 17th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $13.40.

Asure Software Stock Performance

ASUR stock opened at $8.25 on Wednesday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09. Asure Software has a twelve month low of $6.30 and a twelve month high of $15.54. The stock’s 50 day moving average is $7.67 and its 200-day moving average is $8.33.

Asure Software (NASDAQ:ASUR) last posted its earnings results on Thursday, May 2nd. The technology company reported $0.15 EPS for the quarter, missing the consensus estimate of $0.16 by ($0.01). The firm had revenue of $31.65 million for the quarter, compared to the consensus estimate of $30.98 million. Asure Software had a positive return on equity of 3.86% and a negative net margin of 8.38%. On average, research analysts predict that Asure Software will post 0.5 EPS for the current year.

Institutional Trading of Asure Software

A number of hedge funds and other institutional investors have recently made changes to their positions in ASUR. Boston Partners grew its stake in Asure Software by 43.3% during the first quarter. Boston Partners now owns 243,710 shares of the technology company’s stock valued at $1,896,000 after acquiring an additional 73,633 shares in the last quarter. Swedbank AB purchased a new position in shares of Asure Software during the 1st quarter valued at $4,668,000. Janus Henderson Group PLC increased its holdings in shares of Asure Software by 150.3% in the first quarter. Janus Henderson Group PLC now owns 1,737,398 shares of the technology company’s stock worth $13,517,000 after purchasing an additional 1,043,385 shares during the period. Roubaix Capital LLC bought a new position in shares of Asure Software in the first quarter worth $1,874,000. Finally, Vanguard Group Inc. boosted its stake in Asure Software by 6.4% during the first quarter. Vanguard Group Inc. now owns 1,181,423 shares of the technology company’s stock valued at $9,191,000 after buying an additional 71,495 shares during the period. 71.58% of the stock is currently owned by institutional investors.

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.