Key Points
- Director Bjorn Reynolds sold 15,420 Asure Software shares at an average price of $8.35, generating $128,757. Following the sale, his holdings fell 33.1% to 31,162 shares.
- Asure Software shares opened at $8.36, with a market capitalization of approximately $241.4 million. The stock has traded between $6.80 and $10.20 over the past 52 weeks.
- Institutional investors own 71.58% of the company, while analysts maintain a generally positive outlook: Asure has a “Moderate Buy” consensus rating and an average price target of $15.00.
Asure Software Inc (NASDAQ:ASUR - Get Free Report) Director Bjorn Reynolds sold 15,420 shares of the company's stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $8.35, for a total transaction of $128,757.00. Following the completion of the transaction, the director owned 31,162 shares in the company, valued at approximately $260,202.70. This represents a 33.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Asure Software Stock Performance
NASDAQ ASUR opened at $8.36 on Thursday. The firm has a 50-day moving average of $8.26 and a 200-day moving average of $8.55. The company has a debt-to-equity ratio of 0.31, a quick ratio of 1.05 and a current ratio of 1.06. The stock has a market cap of $241.44 million, a PE ratio of -28.83, a P/E/G ratio of 1.00 and a beta of 0.49. Asure Software Inc has a 52-week low of $6.80 and a 52-week high of $10.20.
Hedge Funds Weigh In On Asure Software
A number of hedge funds have recently added to or reduced their stakes in ASUR. CM Wealth Advisors LLC acquired a new position in Asure Software in the 2nd quarter valued at $233,000. BlackRock Inc. acquired a new stake in shares of Asure Software during the 2nd quarter worth $13,113,000. Deutsche Bank AG bought a new position in shares of Asure Software in the second quarter worth $194,000. Rice Hall James & Associates LLC acquired a new position in Asure Software in the second quarter valued at about $5,603,000. Finally, Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Asure Software during the second quarter worth about $1,905,000. Institutional investors own 71.58% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on ASUR. TD Cowen upgraded shares of Asure Software to a "strong-buy" rating in a research report on Monday, May 18th. Weiss Ratings raised Asure Software from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, July 2nd. Wall Street Zen downgraded Asure Software from a "buy" rating to a "hold" rating in a research note on Saturday, August 1st. Barrington Research reaffirmed an "outperform" rating and issued a $15.00 price objective on shares of Asure Software in a report on Friday, April 24th. Finally, Zacks Research cut Asure Software from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 20th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $15.00.
Check Out Our Latest Stock Analysis on Asure Software
Asure Software Company Profile
(
Get Free Report)
Asure Software, Inc (NASDAQ: ASUR) is a Texas‐based technology company specializing in cloud‐based workforce and workspace management solutions. The company develops software that streamlines human capital management (HCM), payroll processing, time and attendance tracking, and workspace reservation for businesses seeking to optimize employee experience and operational efficiency.
The Asure platform includes modules for payroll administration, benefits enrollment, performance management, applicant tracking and onboarding, as well as mobile and web‐based timekeeping.
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