Asure Software Inc. (ASUR): Why its showing bear behavior?

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Asure Software Inc. (NASDAQ:ASUR) changes shares on Tuesday trading session, with a change of -0.15% or -$0.01 shares. The trading starts at $6.75 and closed at $6.61 throughout the day. The trading session low price was $6.43 and day high was $6.75 on Tuesday, June 16. After the session, the Technology sector daily volume shifted to 0.12 million while its average volume is 169.14K. In other hand, the ASUR market cap reached to $103.62M. While, its current target price is $6.60 according to WSJ.

Checking out the performance report which defines the increase or decrease of prices for a specific period. For the last 5 trading sessions, its performance is down -1.05% and up 10.18% for month. Its quarterly performance was 10.74% above, while its half year performance is down -20.29%. ASUR yearly performance stood at negative -7.04% and fall -19.32% for year-to-date. Current recommendation for Asure Software Inc. is 1.90.

Earnings per share or EPS is an important financial measure, which defines the profitability of a company. ASUR EPS (TTM) for 12-month is -2.62. EPS for this year is -235.90%, while for the next year its value is 0.27. Its EPS Q/Q reached 49.60%. It has an EPS of 39.81% up for past five years and for the next five years will be up 25.00%.

Let’s take a look on the analyst recommendations on ASUR for the current month and previous month. For the current month, 6 of 6 analysts recommend stock as Buy while 0 as Sell, 0 as overweight, 0 as underweight and 0 as Hold. As compared with the previous month ratings, 0 analysts participate in stock recommendation. Out of 0, 0 rated it sell, 0 rated it as Buy and 0 as Hold Ratings. On the other hand, target price ranges from $8.00-$12.00. Average target price for ASUR was reached at $9.50.

Private Capital Management, Inc., ArrowMark Colorado Holdings LLC and Pacific Ridge Capital Partners, LLC are the top three holders in Asure Software Inc. (ASUR) stock. On Mar 30, 2020, Private Capital Management, Inc. has 1.88 million shares which valued 11.19 million. On Mar 30, 2020, ArrowMark Colorado Holdings LLC owned 1.54 million shares which valued at 9.2 million. On Mar 30, 2020, Pacific Ridge Capital Partners, LLC has a total of 1.03 million shares which valued at 6.16 million. In the end, Pacific Ridge Capital Partners, LLC have 6.57% shares outstanding of Asure Software Inc. (ASUR) on Mar 30, 2020. The insider ownership moved to 6.40% and institutional holding shifted to 70.50%.

The company posted an EPS (TTM) of -2.62. According to the most recent quarter report on (Jun 2020), 6 analysts estimated an average EPS of -0.04, while 0.08 EPS posted a year ago period. Analyst Estimated EPS for ASUR published in the report was -0.13-0.02 during the same period. Comparing with last year, the average estimated EPS was 0.08 which is lower than 0.21 which was posted for recent quarter EPS.

A brief look on simple moving average (SMA) that determines the market price can impact a market. The SMA for ASUR fall -10.93% for period of 200 days. SMA for 50 days was 6.61% which is showing green signal, while SMA-20 was 2.26%. The moving average value for Asure Software Inc. (ASUR) is 7.20 and 6.36 for 200 and 50 days respectively.

Let’s take a look on the insider transactions, in which multiple shareholders are showing interest in ASUR stock. On Jun 08, GILL DANIEL M, Director, sold 1,026,332 trading shares at the cost of $6.40, which valued at 6.57 million. On Jun 03, Drew William Carl, Director, bought 10,000 shares at the cost of $6.68, with total shares of 17,165. On May 12, BRANNON KELYN, Chief Financial Officer, sold 1,629 shares at the cost of 6.86. After this transaction, BRANNON KELYN total shares reached to 69,529 which valued at 11180.0.