Brokerages Set Asure Software Inc (ASUR) PT at $15.86
Asure Software Inc (NASDAQ:ASUR) has earned an average rating of “Buy” from the ten brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and eight have assigned a buy recommendation to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $15.86.
Several brokerages have commented on ASUR. Cowen and Company began coverage on shares of Asure Software in a report on Wednesday, September 6th. They set an “outperform” rating and a $16.00 target price on the stock. Zacks Investment Research downgraded shares of Asure Software from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Scotiabank downgraded shares of Asure Software from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 7th. Northland Securities restated a “buy” rating and set a $18.00 target price on shares of Asure Software in a report on Thursday, September 21st. Finally, Canaccord Genuity restated a “buy” rating and set a $18.00 target price on shares of Asure Software in a report on Monday, August 14th.
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Shares of Asure Software (NASDAQ:ASUR) traded up 0.32% on Wednesday, reaching $12.42. 121,519 shares of the company were exchanged. Asure Software has a 12 month low of $6.13 and a 12 month high of $17.27. The stock’s market capitalization is $154.27 million. The stock has a 50 day moving average price of $11.68 and a 200-day moving average price of $12.39.
Asure Software (NASDAQ:ASUR) last announced its earnings results on Monday, August 14th. The technology company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.06). The company had revenue of $12.88 million for the quarter, compared to analyst estimates of $12.23 million. Asure Software had a positive return on equity of 6.93% and a negative net margin of 5.73%. On average, equities analysts expect that Asure Software will post $0.52 EPS for the current fiscal year.
Institutional investors and hedge funds have recently modified their holdings of the company. DORCHESTER WEALTH MANAGEMENT Co bought a new position in shares of Asure Software during the 2nd quarter worth approximately $161,000. Alambic Investment Management L.P. bought a new position in shares of Asure Software during the 1st quarter worth approximately $122,000. Monarch Partners Asset Management LLC bought a new position in shares of Asure Software during the 2nd quarter worth approximately $243,000. Northern Trust Corp grew its stake in shares of Asure Software by 37.8% during the 2nd quarter. Northern Trust Corp now owns 24,419 shares of the technology company’s stock worth $357,000 after acquiring an additional 6,692 shares in the last quarter. Finally, Navellier & Associates Inc grew its stake in shares of Asure Software by 13.1% during the 2nd quarter. Navellier & Associates Inc now owns 49,953 shares of the technology company’s stock worth $730,000 after acquiring an additional 5,775 shares in the last quarter. 39.67% of the stock is owned by institutional investors.
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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