Short Interest in Asure Software, Inc. (NASDAQ:ASUR) Decreases By 9.4%

Asure Software, Inc. (NASDAQ:ASUR) was the target of a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 674,400 shares, a drop of 9.4% from the May 31st total of 744,100 shares. Based on an average trading volume of 157,200 shares, the short-interest ratio is currently 4.3 days.

Hedge Funds Weigh In On Asure Software

A number of institutional investors and hedge funds have recently made changes to their positions in ASUR. Naples Money Management LLC purchased a new stake in shares of Asure Software in the 4th quarter worth approximately $27,000. Barclays PLC increased its holdings in shares of Asure Software by 52.7% during the third quarter. Barclays PLC now owns 5,850 shares of the technology company’s stock valued at $55,000 after acquiring an additional 2,020 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Asure Software by 134.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,664 shares of the technology company’s stock worth $82,000 after purchasing an additional 4,976 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in Asure Software by 45.1% in the 1st 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. Finally, Spouting Rock Asset Management LLC purchased a new stake in Asure Software during the 3rd quarter valued at about $98,000. Institutional investors own 71.58% of the company’s stock.

Asure Software Stock Down 2.0 %

Shares of NASDAQ ASUR traded down $0.17 during mid-day trading on Tuesday, hitting $8.25. 115,440 shares of the stock traded hands, compared to its average volume of 187,811. The company has a market cap of $212.93 million, a price-to-earnings ratio of -19.19, a PEG ratio of 0.80 and a beta of 0.62. The stock has a fifty day moving average price of $7.67 and a 200-day moving average price of $8.33. Asure Software has a 52 week low of $6.30 and a 52 week high of $15.54. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09.

Asure Software (NASDAQ:ASUR) last announced its earnings results on Thursday, May 2nd. The technology company reported $0.15 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.01). The business had revenue of $31.65 million for the quarter, compared to the consensus estimate of $30.98 million. Asure Software had a negative net margin of 8.38% and a positive return on equity of 3.86%. Research analysts anticipate that Asure Software will post 0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the stock. Barrington Research reiterated an “outperform” rating and set a $17.00 target price on shares of Asure Software in a report on Monday, June 17th. TD Cowen reduced their target price on Asure Software from $12.00 to $10.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Finally, Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price target on shares of Asure Software in a research note on Thursday, May 16th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.40.

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.