Asure Software Inc (NASDAQ:ASUR) CEO Patrick Goepel Purchases 5,250 Shares

Key Points

• Patrick Goepel, CEO of Asure Software Inc, purchased 5,250 shares at an average price of $8.16 each, totaling approximately $42,840, increasing his total holdings to over 1.3 million shares.
• Asure Software's stock is currently trading at $8.19, with a market capitalization of $224.57 million and a PE ratio of -14.12.
• Analysts have recently lowered their price targets for Asure Software, with Barrington Research and Needham & Company setting new price objectives at $15.00.

Asure Software Inc (NASDAQ:ASUR - Get Free Report) CEO Patrick Goepel purchased 5,250 shares of the stock in a transaction on Wednesday, August 6th. The stock was bought at an average price of $8.16 per share, for a total transaction of $42,840.00. Following the completion of the transaction, the chief executive officer directly owned 1,307,622 shares of the company's stock, valued at approximately $10,670,195.52. This trade represents a 0.40% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Asure Software Price Performance

Asure Software stock traded down $0.05 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 debt-to-equity ratio of 0.33, a quick ratio of 1.27 and a current ratio of 1.27. The company has a market cap of $225.12 million, a price-to-earnings ratio of -14.15, a PEG ratio of 0.99 and a beta of 0.41. The business's fifty day moving average price is $9.83 and its 200 day moving average price is $10.09. Asure Software Inc has a twelve month low of $7.51 and a twelve month high of $12.74.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ASUR. Needham & Company LLC lowered their price target 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 lowered their price target on Asure Software from $17.00 to $15.00 and set an "outperform" rating on the stock in a research report on Monday, August 4th. Six equities research analysts have rated the stock with a buy rating, According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $13.60.

Hedge Funds Weigh In On Asure Software

A number of institutional investors and hedge funds have recently bought and sold shares of the business. R Squared Ltd bought a new stake in shares of Asure Software during the second quarter worth $123,000. PNC Financial Services Group Inc. raised its position in shares of Asure Software by 11.5% during the second quarter. PNC Financial Services Group Inc. now owns 13,409 shares of the technology company's stock worth $131,000 after acquiring an additional 1,378 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Asure Software by 29.7% during the fourth quarter. Wells Fargo & Company MN now owns 15,199 shares of the technology company's stock worth $143,000 after acquiring an additional 3,480 shares during the last quarter. Deutsche Bank AG raised its position in shares of Asure Software by 49.6% during the fourth quarter. Deutsche Bank AG now owns 18,625 shares of the technology company's stock worth $175,000 after acquiring an additional 6,175 shares during the last quarter. Finally, Envestnet Asset Management Inc. bought a new stake in shares of Asure Software during the fourth quarter worth $239,000. Institutional investors and hedge funds 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.