Asure Software (ASUR) Given a $25.00 Price Target at Barrington Research

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Barrington Research set a $25.00 target price on Asure Software (NASDAQ:ASUR) in a report issued on Friday morning. The brokerage currently has a buy rating on the technology company’s stock.

ASUR has been the subject of several other research reports. ValuEngine cut Asure Software from a hold rating to a sell rating in a report on Tuesday, October 2nd. Zacks Investment Research upgraded Asure Software from a sell rating to a hold rating in a research report on Friday, August 31st. Finally, Dougherty & Co assumed coverage on Asure Software in a research report on Tuesday, August 28th. They issued a buy rating and a $20.00 price objective for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $19.71.

Shares of NASDAQ:ASUR traded down $3.29 during midday trading on Friday, hitting $7.75. The company had a trading volume of 1,471,059 shares, compared to its average volume of 229,296. Asure Software has a twelve month low of $7.50 and a twelve month high of $19.78. The company has a debt-to-equity ratio of 1.06, a quick ratio of 1.52 and a current ratio of 1.54. The stock has a market cap of $172.32 million, a PE ratio of 17.22, a P/E/G ratio of 0.74 and a beta of 1.10.

Asure Software (NASDAQ:ASUR) last posted its quarterly earnings results on Friday, November 9th. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). Asure Software had a negative net margin of 11.85% and a positive return on equity of 9.05%. The company had revenue of $23.46 million during the quarter, compared to analyst estimates of $24.75 million. As a group, analysts predict that Asure Software will post 0.56 earnings per share for the current fiscal year.

A number of institutional investors have recently modified their holdings of the stock. BlackRock Inc. grew its position in Asure Software by 2.7% in the third quarter. BlackRock Inc. now owns 705,702 shares of the technology company’s stock worth $8,765,000 after acquiring an additional 18,444 shares during the period. PenderFund Capital Management Ltd. grew its position in Asure Software by 102.8% in the third quarter. PenderFund Capital Management Ltd. now owns 558,751 shares of the technology company’s stock worth $7,798,000 after acquiring an additional 283,200 shares during the period. Skylands Capital LLC grew its position in Asure Software by 17.2% in the third quarter. Skylands Capital LLC now owns 371,034 shares of the technology company’s stock worth $4,608,000 after acquiring an additional 54,584 shares during the period. Unterberg Capital LLC purchased a new position in Asure Software in the third quarter worth approximately $4,223,000. Finally, Cortina Asset Management LLC grew its position in Asure Software by 79.2% in the second quarter. Cortina Asset Management LLC now owns 317,959 shares of the technology company’s stock worth $5,071,000 after acquiring an additional 140,498 shares during the period. Institutional investors own 62.29% of the company’s stock.

Asure Software Company Profile

Asure Software Inc provides cloud-based software-as-a-service time and labor management, and workspace management solutions worldwide. The company's product line includes AsureSpace workplace management solutions that enable organizations to manage their office environments and optimize real estate utilization; and AsureForce time and labor management solutions to help organizations optimize workforce, as well as control labor administration costs and activities.

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Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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