Asure Software (NASDAQ:ASUR) Price Target Lowered to $10.00 at TD Cowen

Asure Software (NASDAQ:ASUR) had its price objective cut by TD Cowen from $12.00 to $10.00 in a research report issued to clients and investors on Monday, Benzinga reports. The firm currently has a “buy” rating on the technology company’s stock. TD Cowen’s target price indicates a potential upside of 38.89% from the company’s current price.

ASUR has been the subject of several other reports. Needham & Company LLC reaffirmed a “buy” rating and issued a $20.00 price target on shares of Asure Software in a research note on Friday. Barrington Research reaffirmed an “outperform” rating and set a $17.00 price objective on shares of Asure Software in a research note on Monday, April 29th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $13.40.

Asure Software Stock Performance

Shares of ASUR stock traded up $0.16 on Monday, reaching $7.20. The stock had a trading volume of 175,645 shares, compared to its average volume of 217,286. Asure Software has a 12 month low of $6.30 and a 12 month high of $15.88. The firm’s 50-day moving average is $8.02 and its two-hundred day moving average is $8.41. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $185.49 million, a price-to-earnings ratio of -16.70, a P/E/G ratio of 0.70 and a beta of 0.71.

Asure Software (NASDAQ:ASUR) last posted its quarterly earnings data on Monday, February 26th. The technology company reported $0.03 earnings per share for the quarter, topping the consensus estimate of $0.02 by $0.01. The business had revenue of $26.26 million during the quarter, compared to analysts’ expectations of $26.45 million. Asure Software had a negative net margin of 8.38% and a positive return on equity of 3.86%. On average, research analysts expect that Asure Software will post 0.48 EPS for the current fiscal year.

Institutional Investors Weigh In On Asure Software

Several hedge funds have recently made changes to their positions in ASUR. Private Capital Management LLC increased its position in shares of Asure Software by 11.6% in the 4th quarter. Private Capital Management LLC now owns 3,924,027 shares of the technology company’s stock valued at $37,357,000 after acquiring an additional 408,000 shares during the period. Cooper Creek Partners Management LLC acquired a new position in shares of Asure Software in the third quarter worth about $3,713,000. First Eagle Investment Management LLC purchased a new position in Asure Software during the fourth quarter worth approximately $2,227,000. Boston Partners purchased a new position in shares of Asure Software during the 4th quarter valued at approximately $1,619,000. Finally, Pacific Ridge Capital Partners LLC boosted its holdings in Asure Software by 30.7% in the 3rd quarter. Pacific Ridge Capital Partners LLC now owns 629,889 shares of the technology company’s stock worth $5,959,000 after buying an additional 148,107 shares during the last quarter. 71.58% of the stock is currently owned by hedge funds and other institutional investors.

About Asure Software

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.