Asure Software’s (ASUR) “Buy” Rating Reiterated at Canaccord Genuity

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.

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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.

Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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