Asure Software, Inc. (NASDAQ:ASUR – Get Free Report) saw a large growth in short interest during the month of August. As of August 31st, there was short interest totalling 707,600 shares, a growth of 17.0% from the August 15th total of 604,800 shares. Based on an average trading volume of 114,800 shares, the short-interest ratio is presently 6.2 days.
Asure Software Stock Performance
Shares of ASUR traded up $0.43 during mid-day trading on Friday, hitting $9.13. The company’s stock had a trading volume of 141,208 shares, compared to its average volume of 77,959. Asure Software has a one year low of $6.30 and a one year high of $11.54. The stock’s 50-day moving average is $8.90 and its two-hundred day moving average is $8.22. The firm has a market capitalization of $235.67 million, a PE ratio of -21.23, a price-to-earnings-growth ratio of 0.85 and a beta of 0.55. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.11 and a current ratio of 1.11.
Asure Software (NASDAQ:ASUR – Get Free Report) last posted its quarterly earnings data on Thursday, August 1st. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). Asure Software had a positive return on equity of 3.75% and a negative net margin of 9.07%. The company had revenue of $28.04 million for the quarter, compared to the consensus estimate of $28.56 million. As a group, sell-side analysts anticipate that Asure Software will post 0.49 EPS for the current year.
Wall Street Analyst Weigh In
ASUR has been the subject of several analyst reports. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Asure Software in a report on Friday, August 2nd. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a report on Friday, July 26th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Asure Software presently has an average rating of “Moderate Buy” and a consensus target price of $13.40.
Insider Activity
In other Asure Software news, Director Daniel M. Gill sold 5,000 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $8.69, for a total transaction of $43,450.00. Following the completion of the sale, the director now directly owns 28,165 shares of the company’s stock, valued at $244,753.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In related news, CRO Eyal Goldstein sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $8.44, for a total transaction of $84,400.00. Following the completion of the sale, the executive now directly owns 239,243 shares in the company, valued at $2,019,210.92. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Daniel M. Gill sold 5,000 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $8.69, for a total value of $43,450.00. Following the sale, the director now owns 28,165 shares of the company’s stock, valued at $244,753.85. The disclosure for this sale can be found here. Insiders own 8.90% of the company’s stock.
Institutional Investors Weigh In On Asure Software
Institutional investors and hedge funds have recently bought and sold shares of the business. BNP Paribas Financial Markets raised its position in Asure Software by 45.1% in the first quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock worth $85,000 after purchasing an additional 3,398 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in Asure Software in the 4th quarter valued at $190,000. Aristides Capital LLC bought a new stake in Asure Software in the fourth quarter valued at $255,000. American Century Companies Inc. raised its stake in Asure Software by 21.2% during the second quarter. American Century Companies Inc. now owns 27,145 shares of the technology company’s stock worth $228,000 after acquiring an additional 4,756 shares in the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Asure Software by 11.4% during the second quarter. Rhumbline Advisers now owns 28,802 shares of the technology company’s stock valued at $242,000 after acquiring an additional 2,948 shares during the period. Institutional investors own 71.58% of the company’s stock.
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.