Asure Software Inc (NASDAQ:ASUR)‘s stock had its “buy” rating reaffirmed by research analysts at Canaccord Genuity in a research note issued on Tuesday, October 17th. They presently have a $18.00 target price on the technology company’s stock. Canaccord Genuity’s target price indicates a potential upside of 62.90% from the company’s previous close.
Other equities analysts have also issued reports about the company. Scotiabank lowered Asure Software from an “outperform” rating to a “sector perform” rating in a research note on Thursday, September 7th. Northland Securities restated a “buy” rating and set a $18.00 price target on shares of Asure Software in a research note on Thursday, September 21st. Zacks Investment Research lowered Asure Software from a “hold” rating to a “sell” rating in a research note on Friday, August 18th. Finally, Cowen and Company began coverage on Asure Software in a research note on Wednesday, September 6th. They set an “outperform” rating and a $16.00 price target on the stock. Two equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.57.
Asure Software (NASDAQ:ASUR) traded down $0.58 during mid-day trading on Tuesday, hitting $10.92. 400,929 shares of the company’s stock traded hands, compared to its average volume of 159,292. Asure Software has a 1-year low of $6.36 and a 1-year high of $17.27. The company has a current ratio of 1.40, a quick ratio of 1.39 and a debt-to-equity ratio of 1.05. The stock has a market capitalization of $142.84, a price-to-earnings ratio of 52.27, a price-to-earnings-growth ratio of 0.97 and a beta of 1.10.
Asure Software (NASDAQ:ASUR) last posted its quarterly earnings data on Monday, August 14th. The technology company reported $0.05 earnings per share for the quarter, missing the 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. sell-side analysts expect that Asure Software will post 0.47 EPS for the current year.
TRADEMARK VIOLATION WARNING: This article was originally published by BBNS and is the sole property of of BBNS. If you are reading this article on another website, it was stolen and republished in violation of United States & international copyright law. The legal version of this article can be read at https://baseballnewssource.com/markets/asure-software-inc-asur-stock-rating-reaffirmed-by-canaccord-genuity/1722054.html.
Several hedge funds have recently added to or reduced their stakes in ASUR. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in shares of Asure Software in the 2nd quarter valued at approximately $161,000. Monarch Partners Asset Management LLC bought a new stake in shares of Asure Software in the 2nd quarter valued at approximately $243,000. Northern Trust Corp grew its stake in shares of Asure Software by 37.8% in the 2nd quarter. Northern Trust Corp now owns 24,419 shares of the technology company’s stock valued at $357,000 after purchasing an additional 6,692 shares during the period. Dimensional Fund Advisors LP bought a new stake in shares of Asure Software in the 1st quarter valued at approximately $519,000. Finally, Wells Fargo & Company MN bought a new stake in shares of Asure Software in the 1st quarter valued at approximately $525,000. Institutional investors own 41.06% of the company’s stock.
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 our FREE daily email newsletter.