Asure Software Inc (ASUR) Downgraded by Scotiabank
Asure Software Inc (NASDAQ:ASUR) was downgraded by equities research analysts at Scotiabank from an “outperform” rating to a “sector perform” rating in a report issued on Thursday.
Other equities analysts also recently issued reports about the company. Lake Street Capital restated a “buy” rating and issued a $16.00 price objective (up from $12.00) on shares of Asure Software in a report on Friday, May 12th. Cowen and Company assumed coverage on Asure Software in a report on Wednesday. They issued an “outperform” rating and a $16.00 price objective on the stock. Zacks Investment Research downgraded Asure Software from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. Northland Securities set a $18.00 price objective on Asure Software and gave the stock a “buy” rating in a report on Tuesday, August 15th. Finally, Canaccord Genuity reiterated a “buy” rating and set a $18.00 target price on shares of Asure Software in a report on Monday, August 14th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and eight have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $15.88.
Asure Software (NASDAQ ASUR) opened at 10.97 on Thursday. Asure Software has a 52-week low of $5.38 and a 52-week high of $17.27. The firm’s market capitalization is $136.26 million. The firm has a 50-day moving average price of $12.44 and a 200 day moving average price of $12.44.
Asure Software (NASDAQ:ASUR) last released its quarterly earnings data on Monday, August 14th. The technology company reported $0.05 EPS 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 analysts’ expectations of $12.23 million. Asure Software had a positive return on equity of 6.93% and a negative net margin of 5.73%. Analysts forecast that Asure Software will post $0.52 EPS for the current year.
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Large investors have recently made changes to their positions in the stock. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Asure Software during the 2nd quarter valued at about $161,000. Unterberg Capital LLC purchased a new stake in shares of Asure Software during the 2nd quarter valued at about $2,922,000. Wells Fargo & Company MN purchased a new stake in shares of Asure Software during the 1st quarter valued at about $525,000. Skylands Capital LLC raised its holdings in shares of Asure Software by 11.4% during the 2nd quarter. Skylands Capital LLC now owns 148,775 shares of the technology company’s stock valued at $2,174,000 after buying an additional 15,199 shares during the period. Finally, Pacific Ridge Capital Partners LLC raised its holdings in shares of Asure Software by 20.0% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 292,777 shares of the technology company’s stock valued at $3,010,000 after buying an additional 48,867 shares during the period. Institutional investors and hedge funds own 39.68% of the company’s stock.
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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