Bjorn Reynolds Sells 15,420 Shares of Asure Software (NASDAQ:ASUR) Stock

Asure Software Inc (NASDAQ:ASUR) Director Bjorn Reynolds sold 15,420 shares of Asure Software stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $8.35, for a total value of $128,757.00. Following the completion of the sale, the director owned 31,162 shares in the company, valued at $260,202.70. This represents a 33.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Asure Software Stock Performance

NASDAQ ASUR opened at $8.68 on Friday. The stock has a fifty day simple moving average of $8.25 and a 200-day simple moving average of $8.55. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 0.31. The stock has a market cap of $250.68 million, a PE ratio of -29.93, a P/E/G ratio of 1.00 and a beta of 0.49. Asure Software Inc has a twelve month low of $6.80 and a twelve month high of $10.20.

Hedge Funds Weigh In On Asure Software

Several hedge funds and other institutional investors have recently made changes to their positions in ASUR. CM Wealth Advisors LLC acquired a new position in shares of Asure Software during the second quarter worth about $233,000. BlackRock Inc. acquired a new stake in Asure Software in the second quarter valued at approximately $13,113,000. Deutsche Bank AG purchased a new position in Asure Software in the second quarter worth approximately $194,000. Rice Hall James & Associates LLC acquired a new position in Asure Software during the 2nd quarter worth approximately $5,603,000. Finally, Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in shares of Asure Software in the 2nd quarter valued at approximately $1,905,000. Hedge funds and other institutional investors own 71.58% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ASUR shares. Weiss Ratings raised shares of Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, July 2nd. Wall Street Zen lowered Asure Software from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. Zacks Research cut Asure Software from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, May 20th. Barrington Research restated an “outperform” rating and set a $15.00 price target on shares of Asure Software in a research report on Friday, April 24th. Finally, TD Cowen raised Asure Software to a “strong-buy” rating in a research note on Monday, May 18th. One 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 assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $15.00.

About Asure Software

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.