Asure Software Inc. (ASUR) Receives New Coverage from Analysts at Lake Street Capital
Lake Street Capital began coverage on shares of Asure Software Inc. (NASDAQ:ASUR) in a research report issued on Monday. The firm set a “buy” rating and a $10.00 price target on the stock. Lake Street Capital’s target price indicates a potential upside of 45.35% from the stock’s current price.
Other equities analysts have also recently issued reports about the company. Zacks Investment Research upgraded Asure Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 13th. TheStreet upgraded Asure Software from a “sell” rating to a “hold” rating in a research note on Tuesday, September 27th. One research analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $7.38.
Shares of Asure Software (NASDAQ:ASUR) opened at 6.88 on Monday. The stock’s market capitalization is $44.83 million. The company has a 50 day moving average of $6.10 and a 200 day moving average of $5.27. Asure Software has a 52-week low of $4.28 and a 52-week high of $7.24.
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Asure Software (NASDAQ:ASUR) last announced its quarterly earnings data on Monday, August 15th. The company reported $0.15 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.17. Asure Software had a negative return on equity of 23.43% and a negative net margin of 9.35%. The firm had revenue of $9.70 million for the quarter, compared to analysts’ expectations of $7.20 million. Analysts predict that Asure Software will post $0.19 EPS for the current fiscal year.
In related news, CEO Patrick Goepel bought 50,000 shares of the business’s stock in a transaction on Friday, September 2nd. The shares were bought at an average cost of $5.29 per share, for a total transaction of $264,500.00. Following the completion of the purchase, the chief executive officer now owns 650,097 shares of the company’s stock, valued at approximately $3,439,013.13. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 27.00% of the stock is owned by company insiders.
A number of large investors have recently bought and sold shares of the stock. FMR LLC boosted its stake in Asure Software by 4.0% in the second quarter. FMR LLC now owns 349,719 shares of the company’s stock worth $1,647,000 after buying an additional 13,600 shares during the last quarter. Renaissance Technologies LLC raised its position in shares of Asure Software by 0.6% in the first quarter. Renaissance Technologies LLC now owns 255,476 shares of the company’s stock worth $1,369,000 after buying an additional 1,600 shares during the period. Finally, Vanguard Group Inc. raised its position in shares of Asure Software by 0.5% in the second quarter. Vanguard Group Inc. now owns 82,997 shares of the company’s stock worth $391,000 after buying an additional 373 shares during the period. Institutional investors own 21.40% of the company’s stock.
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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