Asure Software Inc (NASDAQ:ASUR)‘s stock had its “buy” rating reiterated by research analysts at Canaccord Genuity in a note issued to investors on Tuesday, October 17th. They presently have a $18.00 price target on the technology company’s stock. Canaccord Genuity’s target price points to a potential upside of 66.67% from the stock’s current price.
Several other brokerages also recently commented on ASUR. Northland Securities set a $18.00 target price on shares of Asure Software and gave the stock a “buy” rating in a report on Tuesday, August 15th. Zacks Investment Research downgraded shares of Asure Software from a “buy” rating to a “hold” rating in a report on Wednesday, August 2nd. Scotiabank downgraded shares of Asure Software from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 7th. Finally, Cowen and Company assumed coverage on shares of Asure Software in a report on Wednesday, September 6th. They set an “outperform” rating and a $16.00 price objective on the stock. Two investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $16.50.
Shares of Asure Software (ASUR) traded up 5.78% during mid-day trading on Tuesday, reaching $10.80. The company had a trading volume of 108,218 shares. The company’s 50-day moving average is $11.51 and its 200 day moving average is $12.64. The stock’s market capitalization is $134.15 million. Asure Software has a 52-week low of $6.36 and a 52-week high of $17.27.
Asure Software (NASDAQ:ASUR) last released its quarterly earnings data on Monday, August 14th. The technology company reported $0.05 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.06). Asure Software had a negative net margin of 5.73% and a positive return on equity of 6.93%. The business had revenue of $12.88 million during the quarter, compared to analyst estimates of $12.23 million. Analysts anticipate that Asure Software will post $0.52 EPS for the current fiscal year.
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Large investors have recently modified their holdings of the business. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in Asure Software in the second quarter valued at approximately $161,000. Monarch Partners Asset Management LLC bought a new stake in Asure Software in the second quarter valued at approximately $243,000. Northern Trust Corp increased its stake in Asure Software by 37.8% in the second 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 in the last quarter. Navellier & Associates Inc increased its stake in Asure Software by 13.1% in the second quarter. Navellier & Associates Inc now owns 49,953 shares of the technology company’s stock valued at $730,000 after purchasing an additional 5,775 shares in the last quarter. Finally, Dimensional Fund Advisors LP bought a new stake in Asure Software in the first quarter valued at approximately $519,000. 39.68% of the stock is owned by hedge funds and other institutional investors.
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.
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