Asure Software, Inc. (NASDAQ:ASUR) Shares Sold by Perritt Capital Management Inc

Perritt Capital Management Inc lessened its holdings in Asure Software, Inc. (NASDAQ:ASUR) by 41.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 16,877 shares of the technology company’s stock after selling 12,000 shares during the period. Perritt Capital Management Inc owned about 0.06% of Asure Software worth $159,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. ArrowMark Colorado Holdings LLC acquired a new position in shares of Asure Software during the 3rd quarter valued at about $5,191,000. Needham Investment Management LLC boosted its position in Asure Software by 25.4% in the third 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 in the last quarter. Royce & Associates LP acquired a new stake in Asure Software in the 4th quarter valued at about $1,623,000. Tallon Kerry Patrick acquired a new position in Asure Software during the 4th quarter valued at about $1,372,000. Finally, Anchor Capital Advisors LLC acquired a new position in Asure Software in the fourth quarter valued at about $1,138,000. Institutional investors and hedge funds own 71.58% of the company’s stock.

Insider Activity at Asure Software

In other Asure Software news, Director Grace G. Lee sold 7,500 shares of the 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 owns 32,215 shares in the company, valued at approximately $306,364.65. This trade represents a 18.88 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 8.90% of the stock is currently owned by insiders.

Asure Software Price Performance

Shares of ASUR opened at $9.57 on Wednesday. The business’s 50 day moving average price is $10.87 and its two-hundred day moving average price is $10.00. Asure Software, Inc. has a 52-week low of $6.89 and a 52-week high of $12.74. The firm has a market cap of $258.19 million, a PE ratio of -20.36, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Barrington Research reiterated an “outperform” rating and issued a $17.00 price target on shares of Asure Software in a report on Friday, March 7th. Lake Street Capital raised Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Needham & Company LLC reissued a “buy” rating and set a $20.00 price target on shares of Asure Software in a report on Friday, March 7th. Northland Securities raised their target price on shares of Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Finally, Stifel Nicolaus upped their price objective on shares of Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Seven investment analysts have rated the stock with a buy rating, Based on data from MarketBeat, Asure Software has an average rating of “Buy” and an average target price 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.