Insider Buying: Asure Software, Inc. (NASDAQ:ASUR) Director Purchases $163,000.00 in Stock

Asure Software, Inc. (NASDAQ:ASUR) Director William Carl Drew bought 20,000 shares of the firm’s stock in a transaction dated Friday, June 4th. The stock was purchased at an average price of $8.15 per share, with a total value of $163,000.00. Following the transaction, the director now owns 37,165 shares in the company, valued at approximately $302,894.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of NASDAQ ASUR opened at $8.29 on Friday. Asure Software, Inc. has a 12-month low of $5.79 and a 12-month high of $9.25. The company has a market cap of $157.79 million, a P/E ratio of -8.37 and a beta of 1.17. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.07. The business has a 50 day moving average of $8.14.

Asure Software (NASDAQ:ASUR) last issued its earnings results on Sunday, May 9th. The technology company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.05. Asure Software had a negative return on equity of 0.27% and a negative net margin of 24.33%. Equities research analysts forecast that Asure Software, Inc. will post -0.08 earnings per share for the current year.

Several research firms recently issued reports on ASUR. Barrington Research reissued an “outperform” rating on shares of Asure Software in a research report on Friday, March 12th. Needham & Company LLC raised their price target on shares of Asure Software from $9.00 to $11.00 and gave the stock a “buy” rating in a research report on Friday, March 12th. Finally, Zacks Investment Research raised shares of Asure Software from a “sell” rating to a “hold” rating in a research report on Tuesday, May 25th.

A number of large investors have recently modified their holdings of the stock. Citadel Advisors LLC boosted its stake in Asure Software by 287.3% during the 1st quarter. Citadel Advisors LLC now owns 19,859 shares of the technology company’s stock valued at $152,000 after purchasing an additional 30,459 shares during the period. Squarepoint Ops LLC raised its holdings in shares of Asure Software by 27.2% during the first quarter. Squarepoint Ops LLC now owns 45,342 shares of the technology company’s stock valued at $346,000 after buying an additional 9,697 shares during the last quarter. D. E. Shaw & Co. Inc. boosted its position in shares of Asure Software by 94.0% during the first quarter. D. E. Shaw & Co. Inc. now owns 20,100 shares of the technology company’s stock worth $154,000 after buying an additional 9,740 shares during the period. California State Teachers Retirement System boosted its position in shares of Asure Software by 20.5% during the first quarter. California State Teachers Retirement System now owns 24,410 shares of the technology company’s stock worth $186,000 after buying an additional 4,151 shares during the period. Finally, Lynrock Lake LP grew its holdings in Asure Software by 336.9% in the 1st quarter. Lynrock Lake LP now owns 728,181 shares of the technology company’s stock worth $5,563,000 after buying an additional 561,515 shares in the last quarter. Hedge funds and other institutional investors own 74.69% of the company’s stock.

About Asure Software

Asure Software, Inc provides cloud-based human capital management solutions the United States. It helps various small and mid-sized businesses to develop human capital to get to the next level, stay compliant, and allocate resources toward growth. The company's solutions include Asure Payroll & Tax, an integrated cloud-based solution automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, direct deposits, and fair labor standard act, as well as federal, state, and local payroll taxes; Asure HR, a cloud-based functionality that handles HR complexities, such as employee self-service that enable employees to access information, pay history, and company documents; and Asure Time & Attendance that provides cost savings and ROI gains come in the form of strategic use of labor dollars and the elimination of time theft.

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