Very Favorable Media Coverage Likely to Affect Asure Software (ASUR) Share Price
News headlines about Asure Software (NASDAQ:ASUR) have been trending very positive this week, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than 20 million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Asure Software earned a daily sentiment score of 0.57 on Accern’s scale. Accern also gave media stories about the technology company an impact score of 66 out of 100, indicating that recent news coverage is likely to have an impact on the stock’s share price in the near term.
Here are some of the media stories that may have effected Accern’s analysis:
- Asure Software to Exhibit at ILTACON 2017 (finance.yahoo.com)
- Asure Software to Present at the 37th Annual Canaccord Genuity Growth Conference on August 9, 2017 (finance.yahoo.com)
- Asure Software Inc (ASUR) to Release Quarterly Earnings on Monday (americanbankingnews.com)
- William Blair Upgrades Rating On Quintiles IMS Holdings, Inc. (Q) (overnewsmagazine.com)
ASUR has been the subject of a number of recent analyst reports. Canaccord Genuity reiterated a “buy” rating and issued a $17.00 target price on shares of Asure Software in a research report on Wednesday, May 24th. Lake Street Capital reissued a “buy” rating and issued a $16.00 price target (up from $12.00) on shares of Asure Software in a report on Friday, May 12th. Zacks Investment Research downgraded shares of Asure Software from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. Finally, Wunderlich upped their price target on shares of Asure Software from $15.00 to $18.00 and gave the company a “buy” rating in a report on Friday, May 12th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Asure Software presently has a consensus rating of “Buy” and a consensus price target of $15.50.
Shares of Asure Software (ASUR) traded down 2.70% during midday trading on Tuesday, reaching $12.96. 95,858 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $14.08 and a 200-day moving average of $12.38. Asure Software has a 1-year low of $4.65 and a 1-year high of $17.27. The company’s market capitalization is $111.84 million.
Asure Software (NASDAQ:ASUR) last announced its quarterly earnings data on Thursday, May 11th. The technology company reported ($0.02) EPS for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.08. The firm had revenue of $10.73 million during the quarter, compared to analyst estimates of $10.03 million. Asure Software had a positive return on equity of 19.31% and a negative net margin of 1.21%. Equities analysts expect that Asure Software will post $0.56 earnings per share for the current fiscal year.
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Asure Software Company Profile
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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