Shares of Asure Software Inc (NASDAQ:ASUR) have earned an average recommendation of “Buy” from the seven research firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $15.40.

ASUR has been the subject of several analyst reports. Zacks Investment Research raised shares of Asure Software from a “hold” rating to a “buy” rating and set a $16.00 target price for the company in a research note on Thursday, June 29th. Barrington Research reissued an “outperform” rating and issued a $13.00 target price (up from $12.00) on shares of Asure Software in a research note on Tuesday, March 21st. Canaccord Genuity initiated coverage on shares of Asure Software in a research note on Monday, May 8th. They issued a “buy” rating and a $15.00 target price for the company. Wunderlich raised their target price on shares of Asure Software from $15.00 to $18.00 and gave the company a “buy” rating in a research note on Friday, May 12th. Finally, Lake Street Capital reissued a “buy” rating and issued a $16.00 target price (up from $12.00) on shares of Asure Software in a research note on Friday, May 12th.

Asure Software (ASUR) traded down 1.32% during mid-day trading on Friday, reaching $14.96. 83,294 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $14.67 and a 200-day moving average price of $11.61. The stock’s market cap is $129.10 million. Asure Software has a 1-year low of $4.65 and a 1-year high of $17.27.

Asure Software (NASDAQ:ASUR) last posted its quarterly earnings data on Thursday, May 11th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.08. Asure Software had a negative net margin of 1.21% and a positive return on equity of 19.31%. The business had revenue of $10.73 million during the quarter, compared to analyst estimates of $10.03 million. Equities research analysts anticipate that Asure Software will post $0.56 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in ASUR. Renaissance Technologies LLC boosted its position in Asure Software by 3.4% in the first quarter. Renaissance Technologies LLC now owns 415,476 shares of the technology company’s stock valued at $4,271,000 after buying an additional 13,600 shares in the last quarter. FMR LLC boosted its position in Asure Software by 11.2% in the fourth quarter. FMR LLC now owns 409,519 shares of the technology company’s stock valued at $3,485,000 after buying an additional 41,300 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its position in Asure Software by 20.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 292,777 shares of the technology company’s stock valued at $3,010,000 after buying an additional 48,867 shares in the last quarter. Skylands Capital LLC boosted its position in Asure Software by 1,073.8% in the first quarter. Skylands Capital LLC now owns 133,576 shares of the technology company’s stock valued at $1,373,000 after buying an additional 122,196 shares in the last quarter. Finally, Russell Investments Group Ltd. boosted its position in Asure Software by 31.7% in the first quarter. Russell Investments Group Ltd. now owns 61,002 shares of the technology company’s stock valued at $627,000 after buying an additional 14,679 shares in the last quarter. 19.78% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY WARNING: “Asure Software Inc (ASUR) Given Consensus Recommendation of “Buy” by Brokerages” was first posted by American Banking News and is owned by of American Banking News. If you are reading this story on another publication, it was copied illegally and reposted in violation of international trademark & copyright law. The legal version of this story can be accessed at https://www.americanbankingnews.com/2017/07/14/asure-software-inc-asur-given-consensus-recommendation-of-buy-by-brokerages.html.

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.

Analyst Recommendations for Asure Software (NASDAQ:ASUR)

Receive News & 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 companies with MarketBeat.com's FREE daily email newsletter.