Asure Software Inc. (ASUR) Receives New Coverage from Analysts at Lake Street Capital
Lake Street Capital began coverage on shares of Asure Software Inc. (NASDAQ:ASUR) in a research report sent to investors on Monday morning. The firm issued a buy rating and a $10.00 price objective on the stock.
Several other brokerages have also recently commented on ASUR. TheStreet upgraded Asure Software from a sell rating to a hold rating in a research report on Tuesday, September 27th. Zacks Investment Research upgraded Asure Software from a hold rating to a strong-buy rating and set a $5.50 price target for the company in a research report on Thursday, August 18th. One research analyst has rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $7.38.
Shares of Asure Software (NASDAQ:ASUR) opened at 6.87 on Monday. The stock’s market cap is $44.76 million. The firm has a 50-day moving average price of $6.14 and a 200-day moving average price of $5.28. Asure Software has a 1-year low of $4.28 and a 1-year high of $7.24.
Asure Software (NASDAQ:ASUR) last posted its quarterly earnings data on Monday, August 15th. The company reported $0.15 EPS for the quarter, beating the Zacks’ consensus estimate of ($0.02) by $0.17. The business earned $9.70 million during the quarter, compared to analysts’ expectations of $7.20 million. Asure Software had a negative return on equity of 23.43% and a negative net margin of 9.35%. Equities analysts forecast that Asure Software will post $0.19 EPS for the current year.
In related news, CEO Patrick Goepel acquired 50,000 shares of the stock in a transaction on Friday, September 2nd. The shares were bought at an average price of $5.29 per share, with a total value of $264,500.00. Following the completion of the purchase, the chief executive officer now owns 650,097 shares of the company’s stock, valued at approximately $3,439,013.13. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 27.00% of the company’s stock.
Several institutional investors have recently made changes to their positions in the stock. FMR LLC raised its position in shares of Asure Software by 4.0% in the second quarter. FMR LLC now owns 349,719 shares of the company’s stock valued at $1,647,000 after buying an additional 13,600 shares during the period. Renaissance Technologies LLC raised its position in shares of Asure Software by 0.6% in the first quarter. Renaissance Technologies LLC now owns 255,476 shares of the company’s stock valued at $1,369,000 after buying an additional 1,600 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Asure Software by 0.5% in the second quarter. Vanguard Group Inc. now owns 82,997 shares of the company’s stock valued at $391,000 after buying an additional 373 shares during the period. 21.40% of the stock is currently owned by institutional investors and hedge funds.
About Asure Software
Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.
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