Traders Buy Large Volume of Call Options on Asure Software (NASDAQ:ASUR)

Asure Software Inc (NASDAQ:ASUR) saw some unusual options trading on Monday. Stock investors purchased 1,000 call options on the stock. This represents an increase of 1,438% compared to the typical daily volume of 65 call options.

In other news, Director Red Oak Partners, Llc sold 87,000 shares of Asure Software stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $8.56, for a total transaction of $744,720.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director John Randall Waterfield sold 15,350 shares of Asure Software stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $8.64, for a total value of $132,624.00. Following the transaction, the director now owns 138,136 shares in the company, valued at $1,193,495.04. The disclosure for this sale can be found here. 20.60% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Pacific Ridge Capital Partners LLC boosted its stake in shares of Asure Software by 9.3% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 870,454 shares of the technology company’s stock worth $7,164,000 after acquiring an additional 74,098 shares in the last quarter. Perritt Capital Management Inc. boosted its stake in shares of Asure Software by 9.4% during the 2nd quarter. Perritt Capital Management Inc. now owns 233,400 shares of the technology company’s stock worth $1,921,000 after acquiring an additional 20,000 shares in the last quarter. S Squared Technology LLC boosted its stake in shares of Asure Software by 21.2% during the 2nd quarter. S Squared Technology LLC now owns 94,108 shares of the technology company’s stock worth $775,000 after acquiring an additional 16,461 shares in the last quarter. Finally, Paloma Partners Management Co bought a new stake in shares of Asure Software during the 2nd quarter worth $556,000. 41.80% of the stock is owned by institutional investors and hedge funds.

ASUR opened at $8.26 on Wednesday. The firm has a market cap of $128.15 million, a PE ratio of 19.21, a P/E/G ratio of 1.94 and a beta of 1.27. The company has a quick ratio of 0.99, a current ratio of 1.03 and a debt-to-equity ratio of 1.20. The business has a fifty day simple moving average of $8.63 and a 200-day simple moving average of $7.76. Asure Software has a fifty-two week low of $4.26 and a fifty-two week high of $10.25.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings data on Monday, November 11th. The technology company reported $0.11 earnings per share for the quarter, topping the consensus estimate of $0.03 by $0.08. The business had revenue of $24.56 million during the quarter, compared to analyst estimates of $25.31 million. Asure Software had a positive return on equity of 6.25% and a negative net margin of 9.43%. On average, equities research analysts anticipate that Asure Software will post 0.25 EPS for the current fiscal year.

Several equities analysts have recently issued reports on the company. Needham & Company LLC lowered their price target on Asure Software from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Tuesday, November 12th. Zacks Investment Research cut Asure Software from a “buy” rating to a “hold” rating in a research report on Monday, October 28th. Northland Securities reiterated a “buy” rating and set a $9.00 price target on shares of Asure Software in a research report on Wednesday, October 9th. Barrington Research assumed coverage on Asure Software in a research note on Wednesday, October 9th. They set a “buy” rating and a $15.00 price objective for the company. Finally, ValuEngine lowered Asure Software from a “hold” rating to a “sell” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $11.93.

Asure Software Company Profile

Asure Software, Inc provides cloud-based human capital management and workspace management solutions worldwide. Its product line includes AsureSpace workspace management solutions that enable organizations to optimize their real estate investment, and create a digital workspace that empowers mobile and virtual employees; and AsureForce time and labor management solutions to help organizations optimize their workforce, as well as control labor administration costs and activities.

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