Asure Software Inc (ASUR) Given Average Rating of “Buy” by Brokerages
Shares of Asure Software Inc (NASDAQ:ASUR) have earned a consensus rating of “Buy” from the eight ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $15.40.
Several research analysts have recently weighed in on ASUR shares. Zacks Investment Research raised 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. Canaccord Genuity started coverage on Asure Software in a research note on Monday, May 8th. They set a “buy” rating and a $15.00 target price for the company. Wunderlich upped their target price on Asure Software from $15.00 to $18.00 and gave the stock a “buy” rating in a research note on Friday, May 12th. Finally, Lake Street Capital reaffirmed a “buy” rating and set a $16.00 target price (up from $12.00) on shares of Asure Software in a research note on Friday, May 12th.
Hedge funds have recently modified their holdings of the company. Alambic Investment Management L.P. purchased a new stake in shares of Asure Software during the first quarter valued at approximately $122,000. DORCHESTER WEALTH MANAGEMENT Co purchased a new stake in shares of Asure Software during the second quarter valued at approximately $161,000. Monarch Partners Asset Management LLC purchased a new stake in shares of Asure Software during the second quarter valued at approximately $243,000. Russell Investments Group Ltd. purchased a new stake in shares of Asure Software during the fourth quarter valued at approximately $414,000. Finally, Navellier & Associates Inc purchased a new stake in shares of Asure Software during the first quarter valued at approximately $454,000. Hedge funds and other institutional investors own 23.28% of the company’s stock.
Shares of Asure Software (ASUR) traded down 2.70% during midday trading on Tuesday, reaching $12.96. 95,858 shares of the company’s stock were exchanged. Asure Software has a one year low of $4.65 and a one year high of $17.27. The company’s 50-day moving average is $14.08 and its 200-day moving average is $12.38. The stock’s market cap is $111.84 million.
Asure Software (NASDAQ:ASUR) last announced its earnings results on Thursday, May 11th. The technology company reported ($0.02) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.08. The business had revenue of $10.73 million for the quarter, compared to analyst estimates of $10.03 million. Asure Software had a positive return on equity of 19.31% and a negative net margin of 1.21%. Equities analysts expect that Asure Software will post $0.56 earnings per share for the current fiscal year.
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.
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