Asure Software (NASDAQ:ASUR)‘s stock had its “buy” rating reaffirmed by research analysts at Barrington Research in a research report issued to clients and investors on Monday. They currently have a $20.00 target price on the technology company’s stock. Barrington Research’s price target indicates a potential upside of 21.43% from the company’s current price.
The analysts wrote, “We expect the company to report non‐GAAP EPS of $0.19 in Q4/17, which is less than the FactSet consensus of $0.20. Our forecast represents a year‐over‐ year decline of 9%, but a sequential increase of 25%.””
A number of other research analysts have also weighed in on the stock. ValuEngine lowered shares of Asure Software from a “buy” rating to a “hold” rating in a research note on Wednesday, March 7th. Zacks Investment Research lowered shares of Asure Software from a “buy” rating to a “hold” rating in a research note on Thursday, January 18th. Northland Securities set a $19.00 price objective on shares of Asure Software and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Dougherty & Co reiterated a “buy” rating and issued a $18.00 price objective (up from $17.00) on shares of Asure Software in a research note on Wednesday, January 3rd. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research note on Tuesday, January 2nd. Three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $18.50.
Large investors have recently made changes to their positions in the business. Cambridge Investment Research Advisors Inc. bought a new position in Asure Software in the 3rd quarter valued at $135,000. Goldman Sachs Group Inc. bought a new position in Asure Software in the 4th quarter valued at $150,000. Monashee Investment Management LLC bought a new position in Asure Software in the 4th quarter valued at $151,000. Virtu Financial LLC bought a new position in Asure Software in the 4th quarter valued at $231,000. Finally, Raymond James Financial Services Advisors Inc. bought a new position in Asure Software in the 4th quarter valued at $321,000. 52.52% of the stock is owned by hedge funds and other institutional investors.
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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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