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

Asure Software Inc (NASDAQ:ASUR) was the target of some unusual options trading on Monday. Traders purchased 1,000 call options on the company. This represents an increase of approximately 1,438% compared to the average daily volume of 65 call options.

Shares of ASUR opened at $8.26 on Wednesday. The company has a market capitalization of $128.15 million, a P/E ratio of 19.21, a P/E/G ratio of 1.94 and a beta of 1.27. Asure Software has a one year low of $4.26 and a one year high of $10.25. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.99 and a current ratio of 1.03. The stock has a 50-day moving average price of $8.63 and a 200 day moving average price of $7.76.

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

A number of research firms have recently issued reports on ASUR. Needham & Company LLC lowered their target price on Asure Software from $12.00 to $11.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Lake Street Capital lowered their target price on Asure Software from $14.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, November 12th. Barrington Research assumed coverage on Asure Software in a report on Wednesday, October 9th. They issued a “buy” rating and a $15.00 price target for the company. Northland Securities reissued a “buy” rating and issued a $9.00 price target on shares of Asure Software in a report on Wednesday, October 9th. Finally, Zacks Investment Research downgraded Asure Software from a “buy” rating to a “hold” rating in a report on Monday, October 28th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $11.93.

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

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Pacific Ridge Capital Partners LLC lifted its holdings in 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 buying an additional 74,098 shares during the last quarter. Paloma Partners Management Co bought a new position in Asure Software during the 2nd quarter worth approximately $556,000. Perritt Capital Management Inc. lifted its holdings in 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 buying an additional 20,000 shares during the last quarter. Finally, S Squared Technology LLC lifted its holdings in 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 buying an additional 16,461 shares during the last quarter. 41.80% of the stock is owned by hedge funds and other institutional investors.

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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