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

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 bought 5,250 shares of the stock in a transaction on Wednesday, August 6th. The shares were purchased at an average price of $8.16 per share, with a total value 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. This represents a 0.40% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink.

Asure Software Price Performance

NASDAQ:ASUR traded up $0.03 during mid-day trading on Wednesday, reaching $8.19. The stock had a trading volume of 197,512 shares, compared to its average volume of 90,587. The stock has a 50-day simple moving average of $9.92 and a two-hundred day simple moving average of $10.18. The stock has a market capitalization of $224.57 million, a PE ratio of -14.12, a P/E/G ratio of 0.83 and a beta of 0.41. Asure Software Inc has a 12 month low of $7.51 and a 12 month high of $12.74. The company has a debt-to-equity ratio of 0.33, a current ratio of 1.27 and a quick ratio of 1.27.

Analyst Upgrades and Downgrades

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

Institutional Trading of Asure Software

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Needham Investment Management LLC grew its stake in shares of Asure Software by 0.5% during the fourth quarter. Needham Investment Management LLC now owns 2,495,000 shares of the technology company's stock worth $23,478,000 after buying an additional 12,500 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Asure Software by 5.8% during the fourth quarter. Dimensional Fund Advisors LP now owns 897,323 shares of the technology company's stock worth $8,444,000 after purchasing an additional 48,836 shares during the period. ArrowMark Colorado Holdings LLC lifted its holdings in shares of Asure Software by 24.5% during the fourth quarter. ArrowMark Colorado Holdings LLC now owns 714,330 shares of the technology company's stock worth $6,722,000 after purchasing an additional 140,711 shares during the period. Kennedy Capital Management LLC acquired a new position in shares of Asure Software during the fourth quarter worth $3,338,000. Finally, Royce & Associates LP lifted its holdings in shares of Asure Software by 60.4% during the first quarter. Royce & Associates LP now owns 276,670 shares of the technology company's stock worth $2,642,000 after purchasing an additional 104,170 shares during the period. 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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