Asure Software Inc (ASUR) Stock Rating Reaffirmed by Canaccord Genuity
Canaccord Genuity restated their buy rating on shares of Asure Software Inc (NASDAQ:ASUR) in a research report report published on Tuesday. Canaccord Genuity currently has a $18.00 price target on the technology company’s stock.
Several other research firms also recently commented on ASUR. Northland Securities set a $18.00 price objective on Asure Software and gave the company a buy rating in a research note on Tuesday, August 15th. Zacks Investment Research downgraded Asure Software from a buy rating to a hold rating in a research note on Wednesday, August 2nd. Scotiabank downgraded Asure Software from an outperform rating to a sector perform rating in a research note on Thursday, September 7th. Finally, Cowen and Company started coverage on Asure Software in a research note on Wednesday, September 6th. They issued an outperform rating and a $16.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Asure Software has an average rating of Buy and a consensus target price of $15.86.
Shares of Asure Software (ASUR) traded up 3.63% during trading on Tuesday, hitting $11.14. The stock had a trading volume of 251,548 shares. Asure Software has a 52 week low of $6.36 and a 52 week high of $17.27. The company’s 50 day moving average price is $11.56 and its 200 day moving average price is $12.61. The company’s market capitalization is $138.37 million.
Asure Software (NASDAQ:ASUR) last posted its quarterly earnings data on Monday, August 14th. The technology company reported $0.05 EPS for the quarter, missing the consensus estimate of $0.11 by ($0.06). Asure Software had a negative net margin of 5.73% and a positive return on equity of 6.93%. The firm had revenue of $12.88 million during the quarter, compared to analysts’ expectations of $12.23 million. Analysts predict that Asure Software will post $0.52 earnings per share for the current year.
A number of institutional investors have recently bought and sold shares of ASUR. Navellier & Associates Inc lifted its position in shares of Asure Software by 13.1% during the second 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. Wells Fargo & Company MN lifted its position in shares of Asure Software by 12.6% during the second quarter. Wells Fargo & Company MN now owns 57,470 shares of the technology company’s stock worth $840,000 after acquiring an additional 6,435 shares in the last quarter. Northern Trust Corp lifted its position in shares of Asure Software by 37.8% during the second 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. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Asure Software during the second quarter worth $161,000. Finally, Renaissance Technologies LLC lifted its position in shares of Asure Software by 3.4% during the first quarter. Renaissance Technologies LLC now owns 415,476 shares of the technology company’s stock worth $4,271,000 after acquiring an additional 13,600 shares in the last quarter. Institutional investors and hedge funds own 39.67% 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.
Receive News & Stock Ratings for Asure Software Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asure Software Inc and related stocks with our FREE daily email newsletter.