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

Asure Software, Inc. (NASDAQ:ASUR - Get Free Report) Director Grace G. Lee sold 7,500 shares of the company's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of $9.51, for a total transaction of $71,325.00. Following the completion of the transaction, the director now owns 32,215 shares in the company, valued at approximately $306,364.65. The trade was a 18.88 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Asure Software Stock Down 4.1 %

Shares of NASDAQ:ASUR traded down $0.43 on Friday, reaching $10.07. The company had a trading volume of 184,830 shares, compared to its average volume of 118,014. The firm has a market capitalization of $271.68 million, a PE ratio of -21.43, a PEG ratio of 1.11 and a beta of 0.60. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. Asure Software, Inc. has a 52-week low of $6.89 and a 52-week high of $12.74. The firm's 50 day simple moving average is $11.19 and its 200-day simple moving average is $9.94.

Analyst Ratings Changes

Several equities research analysts have issued reports on the stock. Barrington Research reissued an "outperform" rating and issued a $17.00 price objective on shares of Asure Software in a research report on Friday, March 7th. Northland Securities increased their price objective on Asure Software from $12.50 to $14.00 and gave the stock an "outperform" rating in a research note on Wednesday, January 8th. Stephens restated an "overweight" rating and set a $13.00 price objective on shares of Asure Software in a report on Friday, March 7th. Lake Street Capital upgraded Asure Software from a "hold" rating to a "buy" rating in a report on Tuesday, January 7th. Finally, Stifel Nicolaus raised their price target on Asure Software from $10.00 to $11.00 and gave the company a "buy" rating in a research note on Wednesday, December 18th. Seven equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $14.17.

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Hedge Funds Weigh In On Asure Software

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASUR. Geode Capital Management LLC lifted its position in shares of Asure Software by 4.4% during the third quarter. Geode Capital Management LLC now owns 580,138 shares of the technology company's stock valued at $5,251,000 after buying an additional 24,649 shares during the last quarter. Barclays PLC lifted its position in Asure Software by 225.7% during the third quarter. Barclays PLC now owns 31,075 shares of the technology company's stock valued at $281,000 after acquiring an additional 21,533 shares during the last quarter. Tallon Kerry Patrick acquired a new stake in Asure Software in the fourth quarter valued at approximately $1,372,000. State Street Corp boosted its stake in Asure Software by 0.5% in the third quarter. State Street Corp now owns 429,298 shares of the technology company's stock valued at $3,885,000 after acquiring an additional 1,961 shares in the last quarter. Finally, M&T Bank Corp grew its holdings in Asure Software by 36.4% in the fourth quarter. M&T Bank Corp now owns 77,798 shares of the technology company's stock worth $732,000 after purchasing an additional 20,758 shares during the last quarter. Hedge funds and other institutional investors own 71.58% of the company's stock.

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.