Short Interest in Asure Software, Inc. (NASDAQ:ASUR) Grows By 17.0%

Asure Software, Inc. (NASDAQ:ASUR) was the target of a large growth in short interest in August. As of August 31st, there was short interest totalling 707,600 shares, a growth of 17.0% from the August 15th total of 604,800 shares. Based on an average trading volume of 114,800 shares, the days-to-cover ratio is presently 6.2 days.

Wall Street Analysts Forecast Growth

ASUR has been the topic of several recent research reports. Barrington Research reiterated an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a report on Friday, July 26th. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 target price on shares of Asure Software in a research note on Friday, August 2nd. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $13.40.

Asure Software Trading Up 4.9 %

NASDAQ:ASUR traded up $0.43 during mid-day trading on Friday, hitting $9.13. The company had a trading volume of 141,208 shares, compared to its average volume of 77,959. The firm has a market cap of $235.67 million, a P/E ratio of -21.23, a P/E/G ratio of 0.85 and a beta of 0.55. Asure Software has a fifty-two week low of $6.30 and a fifty-two week high of $11.54. The business’s fifty day moving average is $8.90 and its two-hundred day moving average is $8.22. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings data on Thursday, August 1st. The technology company reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). Asure Software had a positive return on equity of 3.75% and a negative net margin of 9.07%. The firm had revenue of $28.04 million for the quarter, compared to the consensus estimate of $28.56 million. As a group, research analysts expect that Asure Software will post 0.49 earnings per share for the current year.

Insider Transactions at Asure Software

In other news, CRO Eyal Goldstein sold 10,000 shares of the stock in a transaction on Tuesday, August 20th. The stock was sold at an average price of $8.44, for a total transaction of $84,400.00. Following the sale, the executive now owns 239,243 shares in the company, valued at $2,019,210.92. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, CRO Eyal Goldstein sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $8.44, for a total transaction of $84,400.00. Following the sale, the executive now directly owns 239,243 shares of the company’s stock, valued at $2,019,210.92. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Daniel M. Gill sold 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $8.69, for a total transaction of $43,450.00. Following the completion of the sale, the director now directly owns 28,165 shares of the company’s stock, valued at approximately $244,753.85. The disclosure for this sale can be found here. 8.90% of the stock is owned by company insiders.

Hedge Funds Weigh In On Asure Software

Several institutional investors and hedge funds have recently made changes to their positions in the company. Janus Henderson Group PLC increased its stake in Asure Software by 150.3% during the 1st 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 in the last quarter. Swedbank AB acquired a new stake in shares of Asure Software in the first quarter valued at approximately $4,668,000. Private Capital Management LLC lifted its position in shares of Asure Software by 11.6% in the fourth quarter. Private Capital Management LLC now owns 3,924,027 shares of the technology company’s stock worth $37,357,000 after purchasing an additional 408,000 shares in the last quarter. Roubaix Capital LLC acquired a new position in Asure Software during the first quarter worth $1,874,000. Finally, First Eagle Investment Management LLC bought a new stake in Asure Software during the 4th quarter worth about $2,227,000. Institutional investors and hedge funds own 71.58% of the company’s stock.

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.