P.A.W. Capital Corp Sells 20,000 Shares of Asure Software Inc $ASUR

P.A.W. Capital Corp lowered its stake in Asure Software Inc (NASDAQ:ASUR) by 9.1% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 200,000 shares of the technology company’s stock after selling 20,000 shares during the period. Asure Software makes up approximately 3.8% of P.A.W. Capital Corp’s holdings, making the stock its 11th largest holding. P.A.W. Capital Corp’s holdings in Asure Software were worth $1,952,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its position in Asure Software by 11.5% during the 2nd quarter. PNC Financial Services Group Inc. now owns 13,409 shares of the technology company’s stock worth $131,000 after acquiring an additional 1,378 shares during the last quarter. R Squared Ltd purchased a new stake in shares of Asure Software during the second quarter valued at approximately $123,000. Equitable Trust Co. boosted its stake in shares of Asure Software by 8.8% during the second quarter. Equitable Trust Co. now owns 109,395 shares of the technology company’s stock valued at $1,068,000 after purchasing an additional 8,805 shares during the period. Inspire Investing LLC bought a new position in shares of Asure Software in the first quarter worth approximately $703,000. Finally, Jane Street Group LLC purchased a new position in shares of Asure Software in the first quarter worth $240,000. Institutional investors own 71.58% of the company’s stock.

Asure Software Stock Down 3.1%

Shares of Asure Software stock opened at $7.74 on Wednesday. The company’s fifty day simple moving average is $8.21 and its two-hundred day simple moving average is $9.01. Asure Software Inc has a 12-month low of $7.63 and a 12-month high of $12.74. The company has a current ratio of 1.27, a quick ratio of 1.27 and a debt-to-equity ratio of 0.33. The company has a market cap of $214.89 million, a P/E ratio of -13.34, a PEG ratio of 1.00 and a beta of 0.43.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ASUR shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Asure Software in a report on Wednesday, October 8th. Barrington Research reaffirmed an “outperform” rating and set a $15.00 price objective on shares of Asure Software in a research note on Monday, November 3rd. Finally, Needham & Company LLC cut their target price on Asure Software from $20.00 to $15.00 and set a “buy” rating on the stock in a research note on Friday, August 1st. Six analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $13.60.

Asure Software Profile

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.