Insider Selling: Asure Software, Inc. (NASDAQ:ASUR) Director Sells $43,450.00 in Stock

Asure Software, Inc. (NASDAQ:ASUR) Director Daniel M. Gill sold 5,000 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $8.69, for a total transaction of $43,450.00. Following the transaction, the director now directly owns 28,165 shares of the company’s stock, valued at $244,753.85. The sale was disclosed in a document filed with the SEC, which is available through this link.

Asure Software Stock Performance

NASDAQ ASUR opened at $8.55 on Friday. Asure Software, Inc. has a one year low of $6.30 and a one year high of $12.23. The company has a 50-day simple moving average of $8.84 and a 200-day simple moving average of $8.29. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $226.23 million, a PE ratio of -19.88, a price-to-earnings-growth ratio of 0.84 and a beta of 0.55.

Asure Software (NASDAQ:ASUR) last posted its quarterly earnings results on Thursday, August 1st. The technology company reported $0.04 EPS for the quarter, missing the consensus estimate of $0.07 by ($0.03). The business had revenue of $28.04 million during the quarter, compared to analyst estimates of $28.56 million. Asure Software had a negative net margin of 9.07% and a positive return on equity of 3.75%. On average, equities analysts forecast that Asure Software, Inc. will post 0.49 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Asure Software by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 1,181,423 shares of the technology company’s stock valued at $9,191,000 after purchasing an additional 71,495 shares during the period. Swedbank AB boosted its stake in Asure Software by 16.7% during the 2nd quarter. Swedbank AB now owns 700,000 shares of the technology company’s stock valued at $5,880,000 after purchasing an additional 100,000 shares during the period. Boston Partners boosted its stake in Asure Software by 43.3% during the 1st quarter. Boston Partners now owns 243,710 shares of the technology company’s stock valued at $1,896,000 after purchasing an additional 73,633 shares during the period. Pacific Ridge Capital Partners LLC boosted its stake in Asure Software by 18.3% during the 4th quarter. Pacific Ridge Capital Partners LLC now owns 745,145 shares of the technology company’s stock valued at $7,094,000 after purchasing an additional 115,256 shares during the period. Finally, Panagora Asset Management Inc. raised its position in shares of Asure Software by 23.4% during the 4th quarter. Panagora Asset Management Inc. now owns 82,640 shares of the technology company’s stock worth $787,000 after buying an additional 15,685 shares in the last quarter. 71.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. Needham & Company LLC reissued a “buy” rating and set a $20.00 price objective on shares of Asure Software in a report on Friday, August 2nd. Barrington Research reaffirmed an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $13.40.

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.