Asure Software, Inc. (NASDAQ:ASUR) Director Grace G. Lee Sells 7,500 Shares

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 transaction of $71,325.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Asure Software Stock Up 4.5 %

Asure Software stock traded up $0.44 during mid-day trading on Wednesday, hitting $10.32. The company’s stock had a trading volume of 68,664 shares, compared to its average volume of 118,952. Asure Software, Inc. has a 52-week low of $6.89 and a 52-week high of $12.74. The company has a market cap of $278.42 million, a PE ratio of -21.96, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The firm’s 50 day moving average is $11.23 and its 200 day moving average is $9.92.

Institutional Trading of Asure Software

A number of hedge funds have recently made changes to their positions in ASUR. Huntington National Bank purchased a new stake in Asure Software in the 3rd quarter worth approximately $64,000. Swedbank AB raised its holdings in shares of Asure Software by 7.1% during the third quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock worth $6,788,000 after acquiring an additional 50,000 shares in the last quarter. FMR LLC boosted its position in Asure Software by 350.8% during the third quarter. FMR LLC now owns 6,681 shares of the technology company’s stock valued at $60,000 after purchasing an additional 5,199 shares during the last quarter. ArrowMark Colorado Holdings LLC purchased a new position in Asure Software in the third quarter valued at about $5,191,000. Finally, Needham Investment Management LLC increased its position in Asure Software by 25.4% in the 3rd quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock worth $22,467,000 after purchasing an additional 502,500 shares during the last quarter. 71.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ASUR has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price target on shares of Asure Software in a report on Friday, March 7th. Stifel Nicolaus boosted their target price on Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Lake Street Capital upgraded Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Northland Securities boosted their price objective on Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Finally, Barrington Research reiterated an “outperform” rating and issued a $17.00 target price on shares of Asure Software in a report on Friday, March 7th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus price target 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.