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

Key Points

• Director Bjorn Reynolds sold 15,420 Asure Software shares at an average price of $8.35, generating $128,757 and reducing his direct ownership by 33.1% to 31,162 shares.
• ASUR shares closed at $8.36, near their 50-day moving average of $8.27 and below their 200-day average of $8.56; the stock’s 52-week range is $6.80 to $10.20.
• Institutional investors own 71.58% of Asure, while analysts maintain a consensus “Moderate Buy” rating with an average price target of $15.00.

Asure Software Inc (NASDAQ:ASUR - Get Free Report) 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 directly owned 31,162 shares in the company, valued at approximately $260,202.70. The trade was a 33.10% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Asure Software Stock Performance

Shares of ASUR stock traded down $0.04 on Wednesday, hitting $8.36. The company had a trading volume of 108,056 shares, compared to its average volume of 106,777. Asure Software Inc has a twelve month low of $6.80 and a twelve month high of $10.20. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 0.31. The firm has a market cap of $241.43 million, a P/E ratio of -28.83, a price-to-earnings-growth ratio of 1.02 and a beta of 0.49. The company has a 50-day moving average price of $8.27 and a 200-day moving average price of $8.56.

Institutional Investors Weigh In On Asure Software

Institutional investors have recently added to or reduced their stakes in the stock. Janus Henderson Group PLC raised its position in shares of Asure Software by 10.0% during the 1st quarter. Janus Henderson Group PLC now owns 1,769,578 shares of the technology company's stock worth $15,218,000 after purchasing an additional 161,074 shares during the last quarter. Rice Hall James & Associates LLC boosted its holdings in Asure Software by 39.2% in the 4th quarter. Rice Hall James & Associates LLC now owns 595,201 shares of the technology company's stock worth $5,607,000 after buying an additional 167,756 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in Asure Software in the 1st quarter worth about $1,533,000. Skylands Capital LLC increased its stake in Asure Software by 48.2% during the 1st quarter. Skylands Capital LLC now owns 40,638 shares of the technology company's stock worth $349,000 after buying an additional 13,211 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its stake in Asure Software by 13.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 20,492 shares of the technology company's stock worth $176,000 after buying an additional 2,425 shares in the last quarter. Institutional investors and hedge funds own 71.58% of the company's stock.

Analyst Ratings Changes

Several research firms have commented on ASUR. Barrington Research restated an "outperform" rating and issued a $15.00 price objective on shares of Asure Software in a research report on Friday, April 24th. TD Cowen upgraded shares of Asure Software to a "strong-buy" rating in a research note on Monday, May 18th. Wall Street Zen lowered shares of Asure Software from a "buy" rating to a "hold" rating in a research report on Saturday, August 1st. Weiss Ratings raised shares of Asure Software from a "sell (e+)" rating to a "sell (d-)" rating in a report on Thursday, July 2nd. Finally, Zacks Research lowered shares of Asure Software from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 20th. One 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, Asure Software has a consensus rating of "Moderate Buy" and an average 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.

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