JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
Grace G. Lee, a director at Asure Software Inc . (NASDAQ:ASUR), recently executed several transactions involving the company’s stock. On March 17, Lee sold 7,500 shares of Asure Software at an average price of $9.51, generating a total of $71,325. This sale was conducted over multiple transactions, with prices ranging from $9.48 to $9.54. The stock, currently trading at $10.32, has shown strong momentum with an 11.45% gain over the past week. According to InvestingPro analysis, the company appears undervalued, with analysts setting price targets between $11 and $20.
In addition to the sale, Lee also exercised stock options to acquire 10,000 shares at a price of $7.17, totaling $71,700. Following these transactions, Lee owns 32,215 shares of Asure Software, representing a stake in this $277.89M market cap company with impressive gross margins of 68.54%. InvestingPro subscribers can access 8 additional key insights about ASUR, including detailed valuation metrics and growth prospects.
In other recent news, Asure Software reported its fourth-quarter earnings for 2024, revealing a notable miss on earnings per share (EPS), which came in at -$0.12 compared to the expected $0.19. The company’s revenue was slightly below expectations, at $30.79 million against a forecast of $30.8 million. Needham analysts maintained a Buy rating with a $20 price target, highlighting the company’s fourth-quarter performance that aligned with forecasts, although recurring revenue fell short of estimates. Meanwhile, Stifel analysts also reiterated a Buy rating with an $11 price target, noting Asure’s strong bookings growth and a significant increase in backlog. Asure Software’s recurring revenue grew by 15% over the course of 2024, now representing 96% of total revenues. The company faced challenges with an acquisition that did not close as planned but replaced its value with two additional acquisitions in the first quarter. Looking ahead, Asure Software has set a revenue guidance range of $134-$138 million for 2025, aiming for mid-teens growth and exploring a credit facility to support further expansion.
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