Asure Software (NASDAQ:ASUR) Coverage Initiated at StockNews.com

Research analysts at StockNews.com assumed coverage on shares of Asure Software (NASDAQ:ASUR – Get Rating) in a research note issued to investors on Thursday. The brokerage set a “hold” rating on the technology company’s stock.

Other analysts have also issued reports about the stock. UBS Group reaffirmed a “sell” rating on shares of Asure Software in a research note on Thursday, December 15th. Needham & Company LLC increased their target price on shares of Asure Software from $14.00 to $20.00 and gave the company a “buy” rating in a research note on Tuesday, February 28th. Lake Street Capital increased their target price on shares of Asure Software from $12.00 to $17.00 and gave the company a “buy” rating in a research note on Tuesday, February 28th. TheStreet raised shares of Asure Software from a “d+” rating to a “c-” rating in a research note on Monday, November 28th. Finally, Barrington Research increased their target price on shares of Asure Software to $15.00 in a research note on Tuesday, February 28th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $15.43.

Asure Software Trading Down 1.2 %

Shares of NASDAQ:ASUR opened at $13.56 on Thursday. The company has a 50 day moving average of $11.39 and a 200-day moving average of $8.40. The firm has a market cap of $274.86 million, a P/E ratio of -19.10, a P/E/G ratio of 4.85 and a beta of 0.71. Asure Software has a twelve month low of $4.87 and a twelve month high of $14.83. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.21.

Insider Activity

In other news, CRO Eyal Goldstein sold 16,680 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $14.40, for a total transaction of $240,192.00. Following the sale, the executive now owns 81,617 shares in the company, valued at $1,175,284.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, CRO Eyal Goldstein sold 16,680 shares of the business’s stock in a transaction that occurred on Monday, March 6th. The shares were sold at an average price of $14.40, for a total transaction of $240,192.00. Following the sale, the executive now owns 81,617 shares in the company, valued at $1,175,284.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Bradford Scovill Oberwager sold 4,144 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The shares were sold at an average price of $13.71, for a total transaction of $56,814.24. Following the sale, the director now owns 29,783 shares in the company, valued at approximately $408,324.93. The disclosure for this sale can be found here. Insiders have sold 21,448 shares of company stock worth $306,092 over the last 90 days. 7.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the stock. Morgan Stanley increased its stake in Asure Software by 55.1% in the 4th quarter. Morgan Stanley now owns 167,092 shares of the technology company’s stock valued at $1,561,000 after buying an additional 59,356 shares during the period. Man Group plc acquired a new position in Asure Software in the 4th quarter valued at approximately $95,000. EAM Investors LLC acquired a new position in Asure Software in the 4th quarter valued at approximately $1,548,000. Archon Capital Management LLC increased its stake in Asure Software by 1.9% in the 4th quarter. Archon Capital Management LLC now owns 1,294,987 shares of the technology company’s stock valued at $12,095,000 after buying an additional 23,953 shares during the period. Finally, ArrowMark Colorado Holdings LLC increased its stake in Asure Software by 14.4% in the 4th quarter. ArrowMark Colorado Holdings LLC now owns 1,778,292 shares of the technology company’s stock valued at $16,609,000 after buying an additional 223,525 shares during the period. Institutional investors and hedge funds own 61.70% of the company’s stock.

About Asure Software

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Asure Software, Inc delivers human capital management solutions through the lens of entrepreneurs and executives with an owner’s mentality. It helps small and mid-sized businesses to develop their human capital and allocate their time, money and technology toward growth. Its solutions include Asure Payroll & Tax, Asure HR, and Asure Time & Attendance.