Asure Software (NASDAQ:ASUR) Given Sell (D-) Rating at Weiss Ratings

Key Points

• Asure Software (NASDAQ:ASUR) has been given a Sell (D-) rating by Weiss Ratings, highlighting concerns about its stock performance.
• Investment analysts have mixed sentiments, with Needham & Company lowering their price target to $15.00 while Barrington Research maintains an outperform rating at the same price point.
• Recent insider trading activity includes significant purchases by Director William Carl Drew and CEO Patrick Goepel, reflecting confidence in the company's future despite its current challenges.

Asure Software (NASDAQ:ASUR - Get Free Report)'s stock had its "sell (d-)" rating reaffirmed by investment analysts at Weiss Ratings in a report released on Wednesday,Weiss Ratings reports.

ASUR has been the topic of several other reports. Needham & Company LLC reduced their price objective on Asure Software from $20.00 to $15.00 and set a "buy" rating on the stock in a research report on Friday, August 1st. Barrington Research restated an "outperform" rating and issued a $15.00 target price on shares of Asure Software in a research report on Tuesday, September 23rd. Six equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $13.60.

Asure Software Stock Performance

ASUR traded up $0.20 during trading on Wednesday, hitting $8.35. 62,200 shares of the stock were exchanged, compared to its average volume of 93,564. The firm has a market capitalization of $228.96 million, a P/E ratio of -14.40, a PEG ratio of 1.02 and a beta of 0.44. Asure Software has a 1-year low of $7.51 and a 1-year high of $12.74. The stock has a fifty day moving average price of $8.26 and a two-hundred day moving average price of $9.27. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.33.

Insider Buying and Selling at Asure Software

In other Asure Software news, Director William Carl Drew bought 25,000 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The shares were bought at an average price of $8.30 per share, for a total transaction of $207,500.00. Following the transaction, the director directly owned 103,165 shares in the company, valued at $856,269.50. This trade represents a 31.98% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Patrick Goepel purchased 5,250 shares of the business's stock in a transaction on Wednesday, August 6th. The stock was purchased at an average cost of $8.16 per share, for a total transaction of $42,840.00. Following the acquisition, the chief executive officer owned 1,307,622 shares in the company, valued at approximately $10,670,195.52. The trade was a 0.40% increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 8.70% of the company's stock.

Institutional Investors Weigh In On Asure Software

Institutional investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC boosted its stake in Asure Software by 446.8% in the 2nd quarter. Tower Research Capital LLC TRC now owns 6,671 shares of the technology company's stock worth $65,000 after purchasing an additional 5,451 shares in the last quarter. Invesco Ltd. acquired a new stake in shares of Asure Software during the second quarter worth about $112,000. R Squared Ltd purchased a new position in Asure Software in the second quarter valued at approximately $123,000. PNC Financial Services Group Inc. boosted its holdings in shares of Asure Software by 11.5% in the second quarter. PNC Financial Services Group Inc. now owns 13,409 shares of the technology company's stock valued at $131,000 after acquiring an additional 1,378 shares during the period. Finally, Jane Street Group LLC acquired a new stake in shares of Asure Software during the first quarter worth $240,000. Institutional investors own 71.58% of the company's stock.

Asure Software Company Profile

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.

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