Short-term stake in Asure Software, Inc. (NASDAQ:ASUR) increases 7.9%

Asure Software, Inc. (NASDAQ:ASUR – Get Rating) was the target of a significant increase in short-term interest in August. As of August 31, there was short interest totaling 302,700 shares, an increase of 7.9% from the total of 280,500 shares as of August 15. Currently, 1.7% of the stock’s shares are sold short. Based on an average daily trading volume of 57,400 shares, the short-term interest rate ratio is currently 5.3 days.

Insider Activity at Asure Software

In other Asure Software news, CEO Patrick Goepel purchased 18,000 shares of the company in a trade on Monday, August 15. The shares were purchased at an average cost of $5.56 per share, for a total transaction of $100,080.00. Following the completion of the purchase, the CEO now directly owns 917,888 shares of the company, valued at $5,103,457.28. The acquisition was disclosed in a filing with the SEC, which is available at this link. 7.60% of the shares are currently held by company insiders.

Asure Software Institutional Trading

Institutional investors and hedge funds have recently been buying and selling stocks. Cambridge Investment Research Advisors Inc. increased its stake in Asure Software by 16.2% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,500 shares of the technology company valued at $128,000 after buying 3,000 additional shares during the period. Northern Trust Corp increased its stake in Asure Software by 14.8% in the first quarter. Northern Trust Corp now owns 37,499 shares of the technology company valued at $222,000 after buying an additional 4,830 shares during the period. Bank of New York Mellon Corp increased its stake in Asure Software by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 38,875 shares of the technology company valued at $232,000 after buying 1,909 additional shares during the period. Millennium Management LLC increased its stake in Asure Software by 49.4% in the second quarter. Millennium Management LLC now owns 43,284 shares of the technology company valued at $247,000 after purchasing an additional 14,305 shares during the period. Finally, M&T Bank Corp increased its stake in Asure Software by 118.1% in the first quarter. M&T Bank Corp now owns 49,870 shares of the technology company valued at $296,000 after purchasing an additional 27,006 shares during the period. 64.59% of the shares are currently held by institutional investors and hedge funds.

Analyst upgrades and downgrades

Separately, StockNews.com began covering shares of Asure Software in a report on Thursday, August 4. They set a “hold” rating for the company.

Asure software stock up 2.7%

NASDAQ:ASUR shares opened at $5.30 on Tuesday. The company has a fifty-day moving average of $5.46 and a 200-day moving average of $5.83. The company has a market capitalization of $106.75 million, a PE ratio of -13.95 and a beta of 0.88. The company has a debt ratio of 0.23, a quick ratio of 1.07 and a current ratio of 1.07. Asure Software has a 52 week minimum of $5.00 and a 52 week maximum of $9.94.

Asure Software (NASDAQ:ASUR – Get Rating) last announced its quarterly results on Monday, August 8. The technology company reported ($0.04) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.03. Asure Software had a negative net margin of 9.38% and a negative return on equity of 0.88%. In the same quarter of the previous year, the company had earned earnings per share of ($0.04). On average, equity analysts predict Asure Software will post -0.17 EPS for the current fiscal year.

Asure Software Company Profile

(Get a rating)

Asure Software, Inc provides cloud-based human capital management solutions in the United States. It helps various small and medium enterprises to build productive teams to help them stay compliant and allocate resources to grow their business. The company’s solutions include Asure Payroll & Tax, an integrated cloud-based solution that automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, direct deposits, and the Fair Labor Standards Act, as well as federal, state, and local payroll taxes; Asure (Human Resources) HR, a cloud-based feature that handles HR complexities, such as employee self-service that allows employees to access company information, payroll history, and documents company ; and Asure Time & Attendance which provides cost savings and ROI gains in the form of strategic use of labor dollars and elimination of time theft.

Featured articles

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Before you consider Asure Software, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Asure Software wasn’t on the list.

While Asure Software currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the five actions here