Asure Software’s stock has had its “outperform” rating reissued by equities researchers at Barrington Research. The company is a human capital management solutions provider for small and mid-sized businesses. Asure Software has seen insider selling of company stock, with insiders having sold a total of 41,448 shares of the company stock over the last three months. Institutional investors and hedge funds have also recently modified their holdings of the stock. Private Capital Management LLC, Vanguard Group Inc., ArrowMark Colorado Holdings LLC, EAM Investors LLC, and Dimensional Fund Advisors LP have all increased their holdings in Asure Software.
Asure Software (NASDAQ:ASUR) Receives Reaffirmed “Outperform” Rating from Barrington Research
Equity researchers at Barrington Research have reaffirmed their “outperform” rating for Asure Software (NASDAQ:ASUR) in a research note released on Thursday, according to Benzinga.
Other equities analysts have also provided their opinion on ASUR. StockNews.com started covering Asure Software on March 16th with a “hold” rating on the stock. UBS Group reiterated a “sell” rating for ASUR shares in a report released on December 15th. Cowen increased their price objective on ASUR from $13.00 to $15.00 and gave the stock an “outperform” rating in a report released on February 28th. Lake Street Capital also increased their price objective on ASUR from $12.00 to $17.00 and gave the stock a “buy” rating on the same day. Finally, Roth Mkm reiterated a “buy” rating and issued a $23.00 price target (previously $16.00) on ASUR shares in a research note on February 28th. MarketBeat.com data shows that the company currently has an average rating of “Moderate Buy” and an average price target of $15.43.
On Thursday, shares of ASUR stock opened at $14.00. The stock’s 50-day moving average is $11.74 and its 200-day moving average is $8.68. Asure Software has a debt-to-equity ratio of 0.21, a quick ratio of 1.03, and a current ratio of 1.03. Its market capitalization is $283.78 million, with a PE ratio of -19.61, a PEG ratio of 4.78, and a beta of 0.71. ASUR has a 52-week low of $4.87 and a 52-week high of $14.83.
Additionally, insiders have been placing their bets on the company.
Asure Software Insiders Sell Company Stock
Asure Software insiders have sold a total of 41,448 shares of company stock, valued at $579,892, over the last three months. CRO Eyal Goldstein sold 20,000 shares of Asure Software stock at an average price of $13.69 per share, for a total transaction of $273,800. Following the transaction, Goldstein directly owns 81,617 shares of the company’s stock, valued at approximately $1,117,336.73. Director Bradford Scovill Oberwager also sold 4,144 shares of the company’s stock in a transaction that occurred on Tuesday, March 14th, at an average price of $13.71 per share, for a total value of $56,814.24. Following the transaction, Oberwager directly owns 29,783 shares in the company, valued at $408,324.93. The insider sales were disclosed in documents filed with the Securities & Exchange Commission, which can be accessed through the provided links.
Institutional Inflows and Outflows
Institutional Investors and Hedge Funds Modify Asure Software Holdings
Institutional investors and hedge funds have recently modified their holdings of Asure Software. Private Capital Management LLC increased its holdings in the technology company’s stock by 33.4% in the second quarter, now owning 3,407,915 shares worth $19,425,000 after acquiring an additional 853,762 shares during the last quarter. Vanguard Group Inc. also boosted its holdings in Asure Software by 48.0% in the first quarter, now owning 1,762,073 shares worth $10,484,000 after buying an additional 571,201 shares during the period.
ArrowMark Colorado Holdings LLC raised its holdings in Asure Software by 14.4% in the fourth quarter, now owning 1,778,292 shares worth $16,609,000 after buying an additional 223,525 shares during the period. In the same quarter, EAM Investors LLC purchased a new stake in Asure Software worth $1,548,000. Finally, Dimensional Fund Advisors LP raised its position in Asure Software by 19.5% during the third quarter, now owning 531,549 shares worth $3,042,000 after buying an additional 86,630 shares in the last quarter. In total, 61.70% of the stock is owned by institutional investors.
Asure Software Company Profile
Asure Software, Inc is a human capital management solutions company that helps small and mid-sized businesses develop their human capital and allocate their time, money, and technology towards growth. Its solutions include Asure Payroll & Tax, Asure HR, and Asure Time & Attendance.
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