Asure Software Target of Unusually High Options Trading (ASUR)
Asure Software Inc (NASDAQ:ASUR) was the recipient of some unusual options trading activity on Tuesday. Stock traders purchased 2,864 call options on the stock. This is an increase of approximately 1,875% compared to the average daily volume of 145 call options.
Several equities analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Asure Software from a “sell” rating to a “hold” rating in a research note on Friday, August 31st. Dougherty & Co assumed coverage on shares of Asure Software in a research note on Tuesday, August 28th. They set a “buy” rating and a $20.00 price target for the company. Barrington Research set a $25.00 price target on shares of Asure Software and gave the company a “buy” rating in a research note on Thursday, August 23rd. ValuEngine downgraded shares of Asure Software from a “buy” rating to a “hold” rating in a research note on Friday, August 17th. Finally, Canaccord Genuity raised their price target on shares of Asure Software from $21.00 to $22.00 and gave the company a “buy” rating in a research note on Tuesday, July 10th. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $20.43.
ASUR stock opened at $14.88 on Wednesday. The firm has a market cap of $225.41 million, a PE ratio of 28.90, a price-to-earnings-growth ratio of 0.97 and a beta of 1.07. Asure Software has a 52-week low of $9.89 and a 52-week high of $19.78. The company has a quick ratio of 1.52, a current ratio of 1.54 and a debt-to-equity ratio of 1.06.
In other news, Director Daniel M. Gill sold 500,000 shares of the firm’s stock in a transaction on Monday, June 18th. The shares were sold at an average price of $16.45, for a total transaction of $8,225,000.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 18.20% of the stock is currently owned by company insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Perkins Capital Management Inc. acquired a new stake in shares of Asure Software during the second quarter worth $399,000. Argent Capital Management LLC increased its position in shares of Asure Software by 11.9% during the first quarter. Argent Capital Management LLC now owns 236,490 shares of the technology company’s stock worth $2,895,000 after buying an additional 25,065 shares during the period. Evanson Asset Management LLC acquired a new stake in shares of Asure Software during the second quarter worth $395,000. Cambridge Investment Research Advisors Inc. acquired a new stake in shares of Asure Software during the first quarter worth $187,000. Finally, Northern Trust Corp increased its position in shares of Asure Software by 32.9% during the first quarter. Northern Trust Corp now owns 33,009 shares of the technology company’s stock worth $404,000 after buying an additional 8,166 shares during the period. Institutional investors own 60.81% of the company’s stock.
Asure Software Company Profile
Asure Software Inc provides cloud-based software-as-a-service time and labor management, and workspace management solutions worldwide. The company's product line includes AsureSpace workplace management solutions that enable organizations to manage their office environments and optimize real estate utilization; and AsureForce time and labor management solutions to help organizations optimize workforce, as well as control labor administration costs and activities.
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