Asure Software Inc (ASUR) Receives Consensus Rating of “Buy” from Analysts
Asure Software Inc (NASDAQ:ASUR) has earned an average recommendation of “Buy” from the nine ratings firms that are covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold recommendation and seven have given a buy recommendation to the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $16.50.
A number of brokerages have issued reports on ASUR. Northland Securities set a $18.00 target price on shares of Asure Software and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Canaccord Genuity reiterated a “buy” rating and set a $18.00 price target on shares of Asure Software in a research report on Monday, August 14th. Zacks Investment Research upgraded shares of Asure Software from a “strong sell” rating to a “hold” rating in a research report on Tuesday, October 17th. Cowen and Company assumed coverage on shares of Asure Software in a research report on Wednesday, September 6th. They set an “outperform” rating and a $16.00 price target on the stock. Finally, Scotiabank lowered shares of Asure Software from an “outperform” rating to a “sector perform” rating in a research report on Thursday, September 7th.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Skylands Capital LLC boosted its position in shares of Asure Software by 28.7% during the 3rd quarter. Skylands Capital LLC now owns 191,423 shares of the technology company’s stock worth $2,377,000 after acquiring an additional 42,648 shares in the last quarter. AWM Investment Company Inc. acquired a new stake in shares of Asure Software during the 2nd quarter worth approximately $2,595,000. Navellier & Associates Inc boosted its position in shares of Asure Software by 13.1% during the 2nd quarter. Navellier & Associates Inc now owns 49,953 shares of the technology company’s stock worth $730,000 after acquiring an additional 5,775 shares in the last quarter. Prudential PLC acquired a new stake in shares of Asure Software during the 2nd quarter worth approximately $3,287,000. Finally, Precept Management LLC acquired a new stake in shares of Asure Software during the 2nd quarter worth approximately $1,096,000. Institutional investors and hedge funds own 39.67% of the company’s stock.
Asure Software (NASDAQ ASUR) traded up 3.63% during midday trading on Friday, reaching $11.14. The company’s stock had a trading volume of 251,548 shares. The firm’s market cap is $138.37 million. The firm has a 50 day moving average price of $11.56 and a 200-day moving average price of $12.61. Asure Software has a 52 week low of $6.36 and a 52 week high of $17.27.
Asure Software (NASDAQ:ASUR) last announced its earnings results on Monday, August 14th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.06). Asure Software had a positive return on equity of 6.93% and a negative net margin of 5.73%. The business had revenue of $12.88 million for the quarter, compared to analyst estimates of $12.23 million. On average, analysts forecast that Asure Software will post $0.52 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.
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.