Asure Software (NASDAQ:ASUR) had its target price lowered by research analysts at Needham & Company LLC from $20.00 to $12.00 in a research report issued to clients and investors on Monday, MarketBeat.com reports. The firm presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price objective suggests a potential upside of 91.69% from the company’s previous close.

A number of other research firms have also weighed in on ASUR. ValuEngine lowered Asure Software from a “sell” rating to a “strong sell” rating in a research note on Saturday. Dougherty & Co started coverage on Asure Software in a research note on Tuesday, August 28th. They issued a “buy” rating and a $20.00 price objective for the company. Barrington Research set a $25.00 price objective on Asure Software and gave the stock a “buy” rating in a research note on Thursday, August 9th. Finally, Zacks Investment Research raised Asure Software from a “sell” rating to a “hold” rating in a research note on Monday, September 17th. One research analyst has rated the stock with a sell rating, two have given a hold rating and seven have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $16.33.

NASDAQ ASUR opened at $6.26 on Monday. The stock has a market capitalization of $116.23 million, a PE ratio of 13.91, a price-to-earnings-growth ratio of 0.50 and a beta of 1.10. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.54 and a quick ratio of 1.52. Asure Software has a twelve month low of $6.19 and a twelve month high of $19.78.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings data on Friday, November 9th. The technology company reported $0.12 earnings per share for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.02). The business had revenue of $23.46 million during the quarter, compared to the consensus estimate of $24.75 million. Asure Software had a positive return on equity of 8.85% and a negative net margin of 13.56%. Equities research analysts predict that Asure Software will post 0.56 earnings per share for the current fiscal year.

Several large investors have recently bought and sold shares of ASUR. Cynosure Advisors LLC purchased a new stake in shares of Asure Software in the second quarter worth about $201,000. Engineers Gate Manager LP purchased a new stake in shares of Asure Software in the second quarter worth about $227,000. Verity Asset Management Inc. purchased a new stake in shares of Asure Software in the third quarter worth about $228,000. Citadel Advisors LLC purchased a new stake in shares of Asure Software in the third quarter worth about $235,000. Finally, New Jersey Better Educational Savings Trust purchased a new stake in shares of Asure Software in the third quarter worth about $273,000. Institutional investors own 61.46% of the company’s stock.

Asure Software Company Profile

Asure Software Inc provides cloud-based software-as-a-service time and labor management, and workspace management solutions worldwide. The company's product line includes AsureSpace workplace management solutions that enable organizations to manage their office environments and optimize real estate utilization; and AsureForce time and labor management solutions to help organizations optimize workforce, as well as control labor administration costs and activities.

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Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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