Asure Software Inc (ASUR) Receives $15.86 Average Price Target from Analysts
Asure Software Inc (NASDAQ:ASUR) has been given a consensus recommendation of “Buy” by the ten brokerages that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have given a buy rating to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $15.86.
Several analysts have recently weighed in on ASUR shares. Zacks Investment Research lowered shares of Asure Software from a “hold” rating to a “sell” rating in a research report on Tuesday, June 6th. Northland Securities set a $18.00 price target on shares of Asure Software and gave the stock a “buy” rating in a research report on Tuesday, August 15th. Canaccord Genuity reissued a “buy” rating and issued a $18.00 price target on shares of Asure Software in a research report on Monday, August 14th. Cowen and Company began coverage on shares of Asure Software in a research note on Wednesday, September 6th. They set an “outperform” rating and a $16.00 price target for the company. Finally, Scotiabank cut shares of Asure Software from an “outperform” rating to a “sector perform” rating in a research note on Thursday, September 7th.
Shares of Asure Software (ASUR) traded up 1.53% during midday trading on Wednesday, hitting $12.61. The stock had a trading volume of 207,344 shares. The firm has a 50-day moving average of $11.68 and a 200 day moving average of $12.39. Asure Software has a 12-month low of $6.13 and a 12-month high of $17.27. The firm’s market cap is $156.63 million.
Asure Software (NASDAQ:ASUR) last announced its quarterly earnings data on Monday, August 14th. The technology company reported $0.05 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 firm had revenue of $12.88 million during the quarter, compared to the consensus estimate of $12.23 million. On average, analysts expect that Asure Software will post $0.52 earnings per share for the current year.
A number of large investors have recently added to or reduced their stakes in ASUR. AWM Investment Company Inc. bought a new stake in Asure Software during the second quarter worth about $2,595,000. Navellier & Associates Inc increased its holdings in shares of Asure Software by 13.1% during the second quarter. Navellier & Associates Inc now owns 49,953 shares of the technology company’s stock worth $730,000 after buying an additional 5,775 shares in the last quarter. Prudential PLC acquired a new stake in shares of Asure Software during the second quarter worth approximately $3,287,000. Precept Management LLC acquired a new stake in shares of Asure Software during the second quarter worth approximately $1,096,000. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Asure Software by 137.6% during the second quarter. Dimensional Fund Advisors LP now owns 119,896 shares of the technology company’s stock worth $1,752,000 after buying an additional 69,434 shares in the last quarter. Hedge funds and other institutional investors own 39.67% of the company’s stock.
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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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