Grace G. Lee Sells 7,500 Shares of Asure Software, Inc. (NASDAQ:ASUR) Stock

Asure Software, Inc. (NASDAQ:ASUR) Director Grace G. Lee sold 7,500 shares of the business’s stock in a transaction dated Monday, March 17th. The shares were sold at an average price of $9.51, for a total value of $71,325.00. Following the completion of the sale, the director now directly owns 32,215 shares of the company’s stock, valued at approximately $306,364.65. This trade represents a 18.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Asure Software Stock Up 1.7 %

Shares of NASDAQ:ASUR opened at $10.50 on Friday. Asure Software, Inc. has a 1 year low of $6.89 and a 1 year high of $12.74. The company has a market cap of $283.28 million, a PE ratio of -22.34, a P/E/G ratio of 1.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.04, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s 50-day moving average is $11.21 and its 200 day moving average is $9.92.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. FMR LLC grew its holdings in shares of Asure Software by 350.8% during the 3rd quarter. FMR LLC now owns 6,681 shares of the technology company’s stock worth $60,000 after acquiring an additional 5,199 shares during the period. Huntington National Bank purchased a new position in shares of Asure Software during the 3rd quarter worth approximately $64,000. Intech Investment Management LLC purchased a new position in shares of Asure Software during the 4th quarter worth approximately $104,000. PNC Financial Services Group Inc. grew its holdings in shares of Asure Software by 66.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 12,728 shares of the technology company’s stock worth $120,000 after acquiring an additional 5,096 shares during the period. Finally, Wells Fargo & Company MN grew its holdings in shares of Asure Software by 29.7% during the 4th quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company’s stock worth $143,000 after acquiring an additional 3,480 shares during the period. Hedge funds and other institutional investors own 71.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on ASUR. Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Stifel Nicolaus boosted their target price on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a research note on Wednesday, December 18th. Needham & Company LLC reissued a “buy” rating and issued a $20.00 target price on shares of Asure Software in a research note on Friday, March 7th. Northland Securities boosted their target price on Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research note on Wednesday, January 8th. Finally, Stephens reissued an “overweight” rating and issued a $13.00 target price on shares of Asure Software in a research note on Friday, March 7th. Seven equities research analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $14.17.

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.