Asure Software Inc (ASUR) Given Consensus Rating of “Buy” by Brokerages
Shares of Asure Software Inc (NASDAQ:ASUR) have been assigned an average recommendation of “Buy” from the nine analysts that are covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has given a hold rating and seven have assigned a buy rating to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $15.83.
A number of analysts recently weighed in on ASUR shares. Canaccord Genuity started coverage on shares of Asure Software in a research report on Monday, May 15th. They issued a “buy” rating and a $15.00 price target on the stock. Wunderlich increased their price target on shares of Asure Software from $15.00 to $18.00 and gave the company a “buy” rating in a research report on Friday, May 12th. Lake Street Capital reiterated a “buy” rating and issued a $16.00 price target (up from $12.00) on shares of Asure Software in a research report on Friday, May 12th. Zacks Investment Research upgraded shares of Asure Software from a “hold” rating to a “buy” rating and set a $16.00 price target on the stock in a research report on Thursday, June 29th. Finally, Northland Securities set a $18.00 price target on shares of Asure Software and gave the company a “buy” rating in a research report on Tuesday, August 15th.
A number of hedge funds have recently made changes to their positions in ASUR. Alambic Investment Management L.P. bought a new stake in shares of Asure Software during the first quarter valued at approximately $122,000. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in shares of Asure Software during the second quarter valued at approximately $161,000. Monarch Partners Asset Management LLC bought a new stake in shares of Asure Software during the second quarter valued at approximately $243,000. Northern Trust Corp increased its stake in shares of Asure Software by 37.8% in the second quarter. Northern Trust Corp now owns 24,419 shares of the technology company’s stock valued at $357,000 after buying an additional 6,692 shares during the period. Finally, Dimensional Fund Advisors LP bought a new stake in shares of Asure Software during the first quarter valued at approximately $519,000. Hedge funds and other institutional investors own 39.63% of the company’s stock.
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Asure Software (NASDAQ:ASUR) traded down 0.43% on Friday, hitting $11.53. 89,562 shares of the stock traded hands. The stock’s market capitalization is $143.21 million. Asure Software has a 12-month low of $5.28 and a 12-month high of $17.27. The company’s 50 day moving average price is $12.66 and its 200-day moving average price is $12.45.
Asure Software (NASDAQ:ASUR) last announced its quarterly earnings results on Monday, August 14th. The technology company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by $0.06. The firm had revenue of $12.88 million during the quarter, compared to analyst estimates of $12.23 million. Asure Software had a negative net margin of 5.73% and a positive return on equity of 6.93%. Analysts predict that Asure Software will post $0.52 EPS for the current year.
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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