In a recent transaction, Ben Allen, a director at Asure Software Inc . (NASDAQ:ASUR), sold 10,000 shares of the company’s common stock. The shares were sold at a price of $10.00 each, totaling $100,000. This sale took place on May 8, 2025. The transaction occurred as the $274 million market cap company trades near its 52-week low of $7.22, with InvestingPro analysis indicating the stock is currently undervalued.
On the same day, Allen also acquired 10,000 shares through the exercise of stock options at a price of $7.17 per share, amounting to $71,700. After these transactions, Allen holds 47,645 shares directly. While the company isn’t currently profitable, analysts expect positive earnings this year, with a forecasted EPS of $0.90.
These transactions reflect Allen’s ongoing management of his holdings in the company, as he continues to balance his investment in Asure Software. Get deeper insights into ASUR’s valuation and 7 additional key insights with InvestingPro’s exclusive analysis and comprehensive research reports.
In other recent news, Asure Software reported its Q1 2025 earnings, revealing a significant miss on earnings per share (EPS), which was -$0.09 compared to the projected $0.26. The company’s revenue also slightly missed expectations, totaling $34.9 million against a forecast of $35.37 million. Despite these misses, Asure Software experienced a 10% year-over-year revenue growth, primarily driven by recurring revenues. Adjusted EBITDA for the quarter increased to $7.3 million from $6.8 million in the previous year, reflecting operational improvements. Looking forward, Asure maintains a positive outlook with full-year 2025 revenue guidance between $134 million and $138 million, and adjusted EBITDA margins of 23-24%. In other developments, Needham reiterated its Buy rating for Asure Software, maintaining a price target of $20. This follows a review of the company’s financial outlook, focusing on operational efficiency and expected expenses. The company also launched new products and expanded its tax solutions to Canada, which could contribute to future growth.
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