Matthew K. Behrent Purchases 5,625 Shares of Asure Software Inc. (ASUR) Stock
Asure Software Inc. (NASDAQ:ASUR) Director Matthew K. Behrent acquired 5,625 shares of the stock in a transaction on Friday, September 30th. The stock was bought at an average cost of $2.33 per share, for a total transaction of $13,106.25. Following the transaction, the director now owns 21,189 shares of the company’s stock, valued at approximately $49,370.37. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link.
Asure Software Inc. (NASDAQ:ASUR) opened at 6.43 on Friday. The stock has a 50 day moving average of $5.58 and a 200 day moving average of $5.18. Asure Software Inc. has a 1-year low of $4.28 and a 1-year high of $6.69. The stock’s market cap is $41.90 million.
Asure Software (NASDAQ:ASUR) last released its earnings results on Monday, August 15th. The company reported $0.15 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.17. Asure Software had a negative return on equity of 23.43% and a negative net margin of 9.35%. The business earned $9.70 million during the quarter, compared to the consensus estimate of $7.20 million. Equities analysts anticipate that Asure Software Inc. will post $0.19 EPS for the current fiscal year.
Several hedge funds have recently added to or reduced their stakes in the company. Renaissance Technologies LLC increased its stake in Asure Software by 0.6% in the first quarter. Renaissance Technologies LLC now owns 255,476 shares of the company’s stock valued at $1,369,000 after buying an additional 1,600 shares during the period. FMR LLC increased its stake in Asure Software by 4.0% in the second quarter. FMR LLC now owns 349,719 shares of the company’s stock valued at $1,647,000 after buying an additional 13,600 shares during the period. Finally, Vanguard Group Inc. increased its stake in Asure Software by 0.5% in the second quarter. Vanguard Group Inc. now owns 82,997 shares of the company’s stock valued at $391,000 after buying an additional 373 shares during the period. Institutional investors and hedge funds own 21.40% of the company’s stock.
Several equities analysts have recently weighed in on ASUR shares. TheStreet upgraded shares of Asure Software from a “sell” rating to a “hold” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Asure Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 13th.
About Asure Software
Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.
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