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 company’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 transaction of $71,325.00. Following the sale, the director now owns 32,215 shares in the company, valued at $306,364.65. The trade was a 18.88 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Asure Software Stock Performance

Shares of ASUR stock opened at $10.07 on Friday. The stock’s 50-day moving average is $11.19 and its two-hundred day moving average is $9.93. 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. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. Asure Software, Inc. has a 1 year low of $6.89 and a 1 year high of $12.74.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in ASUR. Needham Investment Management LLC grew its position in shares of Asure Software by 0.5% during the fourth quarter. Needham Investment Management LLC now owns 2,495,000 shares of the technology company’s stock worth $23,478,000 after acquiring an additional 12,500 shares during the last quarter. Deutsche Bank AG grew its position in Asure Software by 49.6% during the 4th quarter. Deutsche Bank AG now owns 18,625 shares of the technology company’s stock worth $175,000 after purchasing an additional 6,175 shares during the last quarter. Bank of America Corp DE grew its position in 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 worth $259,000 after purchasing an additional 3,287 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its position in Asure Software by 24.5% during the 4th quarter. ArrowMark Colorado Holdings LLC now owns 714,330 shares of the technology company’s stock worth $6,722,000 after purchasing an additional 140,711 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD grew its position in Asure Software by 33.1% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 31,899 shares of the technology company’s stock worth $301,000 after purchasing an additional 7,939 shares during the last quarter. Hedge funds and other institutional investors own 71.58% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on ASUR. Northland Securities increased their price objective on shares of Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a report on Friday, March 7th. Stephens reiterated an “overweight” rating and issued a $13.00 price objective on shares of Asure Software in a report on Friday, March 7th. Finally, Barrington Research reiterated an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a research note on Friday, March 7th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $14.17.

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.