Asure Software Inc (NASDAQ:ASUR) Director William Carl Drew Acquires 25,000 Shares

Key Points

• Asure Software Inc Director William Carl Drew bought 25,000 shares at $8.30 each, totaling $207,500, increasing his ownership to 103,165 shares.
• Recent analyst ratings have seen target prices reduced for Asure Software, with Needham & Company lowering theirs from $20.00 to $15.00 while maintaining a "buy" rating.
• Institutional investors own 71.58% of Asure Software, with notable purchases made by firms such as Deutsche Bank AG and Wells Fargo.

Asure Software Inc (NASDAQ:ASUR - Get Free Report) Director William Carl Drew bought 25,000 shares of the business's stock in a transaction dated Tuesday, August 5th. The shares were bought at an average cost of $8.30 per share, with a total value of $207,500.00. Following the purchase, the director directly owned 103,165 shares of the company's stock, valued at approximately $856,269.50. This represents a 31.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Asure Software Stock Performance

Shares of Asure Software stock traded down $0.05 during trading on Friday, reaching $8.21. The company's stock had a trading volume of 122,360 shares, compared to its average volume of 105,899. The company has a 50-day moving average price of $9.83 and a two-hundred day moving average price of $10.09. The firm has a market cap of $225.12 million, a PE ratio of -14.15, a P/E/G ratio of 0.99 and a beta of 0.41. Asure Software Inc has a fifty-two week low of $7.51 and a fifty-two week high of $12.74. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.33.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on ASUR. Needham & Company LLC cut their target price on shares of Asure Software from $20.00 to $15.00 and set a "buy" rating for the company in a research note on Friday, August 1st. Barrington Research reduced their target price on shares of Asure Software from $17.00 to $15.00 and set an "outperform" rating for the company in a research report on Monday, August 4th. Six equities research analysts have rated the stock with a buy rating, According to MarketBeat, Asure Software currently has an average rating of "Buy" and an average price target of $13.60.

Hedge Funds Weigh In On Asure Software

Several institutional investors have recently bought and sold shares of ASUR. R Squared Ltd purchased a new stake in shares of Asure Software during the 2nd quarter worth $123,000. PNC Financial Services Group Inc. lifted its holdings in Asure Software by 11.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 13,409 shares of the technology company's stock valued at $131,000 after purchasing an additional 1,378 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Asure Software by 29.7% in the 4th quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company's stock valued at $143,000 after purchasing an additional 3,480 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Asure Software by 49.6% during the 4th quarter. Deutsche Bank AG now owns 18,625 shares of the technology company's stock valued at $175,000 after acquiring an additional 6,175 shares during the last quarter. Finally, Envestnet Asset Management Inc. acquired a new stake in Asure Software during the 4th quarter worth approximately $239,000. 71.58% of the stock is owned by institutional investors and hedge funds.

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.