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

Asure Software, Inc. (NASDAQ:ASUR) Director Grace G. Lee sold 7,500 shares of the company’s stock in a transaction that occurred on 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 transaction, the director now directly owns 32,215 shares in the company, valued at $306,364.65. The trade was a 18.88 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Asure Software Price Performance

Shares of NASDAQ:ASUR opened at $10.32 on Thursday. Asure Software, Inc. has a one year low of $6.89 and a one year high of $12.74. 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 company has a market cap of $278.42 million, a price-to-earnings ratio of -21.96, a PEG ratio of 1.11 and a beta of 0.60. The firm has a 50 day simple moving average of $11.23 and a 200 day simple moving average of $9.92.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the company. Huntington National Bank bought a new stake in Asure Software during the 3rd quarter worth $64,000. Swedbank AB grew its holdings in shares of Asure Software by 7.1% during the third quarter. Swedbank AB now owns 750,000 shares of the technology company’s stock worth $6,788,000 after purchasing an additional 50,000 shares during the last quarter. FMR LLC increased its stake in shares of Asure Software by 350.8% in the third quarter. FMR LLC now owns 6,681 shares of the technology company’s stock valued at $60,000 after buying an additional 5,199 shares during the period. ArrowMark Colorado Holdings LLC acquired a new position in shares of Asure Software in the third quarter valued at approximately $5,191,000. Finally, Needham Investment Management LLC raised its holdings in Asure Software by 25.4% in the 3rd quarter. Needham Investment Management LLC now owns 2,482,500 shares of the technology company’s stock valued at $22,467,000 after buying an additional 502,500 shares during the last quarter. 71.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on ASUR shares. Stifel Nicolaus upped their price objective on Asure Software from $10.00 to $11.00 and gave the company a “buy” rating in a report on Wednesday, December 18th. Lake Street Capital raised shares of Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Stephens reissued an “overweight” rating and issued a $13.00 price objective on shares of Asure Software in a report on Friday, March 7th. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 target price on shares of Asure Software in a report on Friday, March 7th. Finally, Northland Securities lifted their price target on shares of Asure Software from $12.50 to $14.00 and gave the company an “outperform” rating in a research report on Wednesday, January 8th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus target price of $14.17.

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.