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

Asure Software Inc (NASDAQ:ASUR) Director Bjorn Reynolds sold 15,420 shares of the company’s stock in a transaction on Tuesday, August 11th. The shares were sold at an average price of $8.35, for a total transaction of $128,757.00. Following the completion of the sale, the director owned 31,162 shares of the company’s stock, valued at approximately $260,202.70. This represents a 33.10% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Asure Software Stock Performance

Shares of Asure Software stock opened at $8.36 on Thursday. The stock’s fifty day simple moving average is $8.26 and its 200 day simple moving average is $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 company has a market capitalization of $241.44 million, a PE ratio of -28.83, a PEG ratio of 1.00 and a beta of 0.49. Asure Software Inc has a 12 month low of $6.80 and a 12 month high of $10.20.

Institutional Trading of Asure Software

A number of institutional investors have recently made changes to their positions in ASUR. BlackRock Inc. bought a new stake in shares of Asure Software in the 2nd quarter valued at about $13,113,000. Rice Hall James & Associates LLC acquired a new position in Asure Software during the second quarter worth approximately $5,603,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new position in Asure Software during the second quarter worth approximately $1,905,000. Bank of New York Mellon Corp bought a new stake in Asure Software in the second quarter valued at approximately $1,463,000. Finally, North Star Investment Management Corp. acquired a new stake in shares of Asure Software in the first quarter valued at approximately $1,533,000. Institutional investors own 71.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Barrington Research reiterated an “outperform” rating and issued a $15.00 price objective on shares of Asure Software in a research report on Friday, April 24th. Weiss Ratings upgraded shares of Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd. TD Cowen raised shares of Asure Software to a “strong-buy” rating in a research report on Monday, May 18th. Zacks Research lowered shares of Asure Software from a “strong-buy” rating to a “hold” rating in a report on Wednesday, May 20th. Finally, Wall Street Zen cut shares of Asure Software from a “buy” rating to a “hold” rating in a research report on Saturday, August 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, 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.