Separately, Zacks Investment Research upgraded Asure Software from a strong sell rating to a hold rating in a research note on Wednesday, July 13th.
Asure Software (NASDAQ:ASUR) opened at 6.35 on Tuesday. The stock has a 50 day moving average price of $5.53 and a 200-day moving average price of $5.17. The company’s market capitalization is $41.38 million. Asure Software has a 12-month low of $4.28 and a 12-month high of $6.69.
Asure Software (NASDAQ:ASUR) last posted its quarterly earnings data on Monday, August 15th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.17. The firm earned $9.70 million during the quarter, compared to analyst estimates of $7.20 million. Asure Software had a negative return on equity of 23.43% and a negative net margin of 9.35%. Equities analysts predict that Asure Software will post $0.19 EPS for the current fiscal year.
In other Asure Software news, CEO Patrick Goepel purchased 50,000 shares of the business’s stock in a transaction on Friday, September 2nd. The stock was acquired at an average price of $5.29 per share, for a total transaction of $264,500.00. Following the purchase, the chief executive officer now owns 650,097 shares of the company’s stock, valued at approximately $3,439,013.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 27.00% of the stock is owned by company insiders.
Large investors have recently modified their holdings of the company. Renaissance Technologies LLC raised its stake in shares of Asure Software by 0.6% in the first quarter. Renaissance Technologies LLC now owns 255,476 shares of the company’s stock worth $1,369,000 after buying an additional 1,600 shares during the last quarter. FMR LLC raised its stake in shares of Asure Software by 4.0% in the second quarter. FMR LLC now owns 349,719 shares of the company’s stock worth $1,647,000 after buying an additional 13,600 shares during the last quarter. Finally, Vanguard Group Inc. raised its stake in shares of Asure Software by 0.5% in the second quarter. Vanguard Group Inc. now owns 82,997 shares of the company’s stock worth $391,000 after buying an additional 373 shares during the last quarter. Institutional investors and hedge funds own 21.40% of the company’s stock.
About Asure Software
Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.
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