Asure Software Inc (ASUR) PT Set at $18.00 by Northland Securities
Asure Software Inc (NASDAQ:ASUR) received a $18.00 price objective from equities research analysts at Northland Securities in a research report issued to clients and investors on Tuesday. The brokerage currently has a “buy” rating on the technology company’s stock. Northland Securities’ price target indicates a potential upside of 45.04% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. Canaccord Genuity started coverage on shares of Asure Software in a report on Monday, May 15th. They issued a “buy” rating and a $15.00 target price on the stock. Wunderlich raised their target price on shares of Asure Software from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, May 12th. Lake Street Capital restated a “buy” rating and issued a $16.00 target price (up previously from $12.00) on shares of Asure Software in a report on Friday, May 12th. Finally, Zacks Investment Research upgraded shares of Asure Software from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a report on Thursday, June 29th. Two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $15.86.
Asure Software (NASDAQ:ASUR) traded down 0.08% during midday trading on Tuesday, hitting $12.40. 130,375 shares of the company were exchanged. The stock has a 50 day moving average of $13.66 and a 200-day moving average of $12.46. Asure Software has a 1-year low of $4.65 and a 1-year high of $17.27. The stock’s market capitalization is $107.01 million.
Asure Software (NASDAQ:ASUR) last issued its earnings results on Monday, August 14th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by $0.06. Asure Software had a positive return on equity of 13.70% and a negative net margin of 5.73%. The company had revenue of $12.88 million during the quarter, compared to analysts’ expectations of $12.23 million. Equities analysts expect that Asure Software will post $0.54 earnings per share for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Navellier & Associates Inc acquired a new position in Asure Software during the first quarter valued at $454,000. DORCHESTER WEALTH MANAGEMENT Co acquired a new position in Asure Software during the second quarter valued at $161,000. FMR LLC increased 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 during the last quarter. Wells Fargo & Company MN acquired a new position in Asure Software during the first quarter valued at $525,000. Finally, Perritt Capital Management Inc. increased its position in Asure Software by 31.5% in the fourth quarter. Perritt Capital Management Inc. now owns 166,883 shares of the technology company’s stock valued at $1,420,000 after buying an additional 40,000 shares during the last quarter. Institutional investors and hedge funds own 28.87% 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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