Asure Software Inc (NASDAQ:ASUR) Receives $15.40 Consensus Target Price from Analysts

Asure Software Inc (NASDAQ:ASUR) has received an average rating of “Buy” from the eight ratings firms that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $15.40.

A number of analysts have recently commented on the company. Zacks Investment Research downgraded Asure Software from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Canaccord Genuity upped their price objective on Asure Software from $17.00 to $18.00 and gave the stock a “buy” rating in a report on Wednesday, May 31st. Lake Street Capital restated a “buy” rating and set a $16.00 price objective (up from $12.00) on shares of Asure Software in a report on Friday, May 12th. Wunderlich upped their price objective on Asure Software from $15.00 to $18.00 and gave the stock a “buy” rating in a report on Friday, May 12th. Finally, Barrington Research restated an “outperform” rating and set a $13.00 price objective (up from $12.00) on shares of Asure Software in a report on Tuesday, March 21st.

Shares of Asure Software (NASDAQ ASUR) opened at 13.73 on Monday. The firm’s market cap is $118.49 million. The firm’s 50-day moving average price is $14.73 and its 200 day moving average price is $12.13. Asure Software has a 1-year low of $4.65 and a 1-year high of $17.27.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings data on Thursday, May 11th. The technology company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.08. The firm had revenue of $10.73 million for the quarter, compared to analyst estimates of $10.03 million. Asure Software had a positive return on equity of 19.31% and a negative net margin of 1.21%. On average, equities research analysts forecast that Asure Software will post $0.56 EPS for the current fiscal year.

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A number of hedge funds have recently made changes to their positions in ASUR. Renaissance Technologies LLC increased its stake in shares of Asure Software by 3.4% in the first quarter. Renaissance Technologies LLC now owns 415,476 shares of the technology company’s stock valued at $4,271,000 after buying an additional 13,600 shares in the last quarter. FMR LLC increased its stake in shares of Asure Software by 11.2% in the fourth quarter. FMR LLC now owns 409,519 shares of the technology company’s stock valued at $3,485,000 after buying an additional 41,300 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its stake in shares of Asure Software by 20.0% in the first quarter. Pacific Ridge Capital Partners LLC now owns 292,777 shares of the technology company’s stock valued at $3,010,000 after buying an additional 48,867 shares in the last quarter. Perritt Capital Management Inc. increased its stake in shares of Asure Software by 31.5% in the fourth quarter. Perritt Capital Management Inc. now owns 166,883 shares of the technology company’s stock valued at $1,420,000 after buying an additional 40,000 shares in the last quarter. Finally, Skylands Capital LLC increased its stake in shares of Asure Software by 1,073.8% in the first quarter. Skylands Capital LLC now owns 133,576 shares of the technology company’s stock valued at $1,373,000 after buying an additional 122,196 shares in the last quarter. Hedge funds and other institutional investors own 19.78% of the company’s stock.

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.

Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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