Asure Software Inc (ASUR) Receives Buy Rating from Northland Securities
Asure Software Inc (NASDAQ:ASUR)‘s stock had its “buy” rating reaffirmed by stock analysts at Northland Securities in a research note issued on Thursday. They currently have a $18.00 price objective on the technology company’s stock. Northland Securities’ target price points to a potential upside of 65.75% from the company’s previous close.
Several other analysts have also commented on ASUR. Canaccord Genuity reaffirmed a “buy” rating and issued a $18.00 price target on shares of Asure Software in a research note on Monday, August 14th. Cowen and Company initiated coverage on Asure Software in a research note on Wednesday, September 6th. They issued an “outperform” rating and a $16.00 price target on the stock. Zacks Investment Research lowered Asure Software from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Scotiabank lowered Asure Software from an “outperform” rating to a “sector perform” rating in a research note on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the stock. Asure Software currently has a consensus rating of “Buy” and a consensus price target of $15.88.
Shares of Asure Software (NASDAQ ASUR) traded down 0.37% during trading on Thursday, reaching $10.82. The company had a trading volume of 72,244 shares. The stock has a 50 day moving average price of $11.68 and a 200 day moving average price of $12.39. Asure Software has a 12 month low of $6.11 and a 12 month high of $17.27. The firm’s market capitalization is $134.40 million.
Asure Software (NASDAQ:ASUR) last released its quarterly earnings data on Monday, August 14th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). The firm had revenue of $12.88 million for the quarter, compared to the consensus estimate of $12.23 million. Asure Software had a negative net margin of 5.73% and a positive return on equity of 6.93%. On average, equities research analysts forecast that Asure Software will post $0.52 EPS for the current year.
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A number of hedge funds have recently made changes to their positions in the stock. AWM Investment Company Inc. acquired a new stake in Asure Software in the 2nd quarter valued at $2,595,000. Navellier & Associates Inc boosted its stake in Asure Software by 13.1% in the 2nd quarter. Navellier & Associates Inc now owns 49,953 shares of the technology company’s stock valued at $730,000 after buying an additional 5,775 shares in the last quarter. Prudential PLC acquired a new stake in Asure Software in the 2nd quarter valued at $3,287,000. Precept Management LLC acquired a new stake in Asure Software in the 2nd quarter valued at $1,096,000. Finally, Dimensional Fund Advisors LP boosted its stake in Asure Software by 137.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 119,896 shares of the technology company’s stock valued at $1,752,000 after buying an additional 69,434 shares in the last quarter. 39.67% of the stock is currently owned by institutional investors and hedge funds.
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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