Asure Software Inc (NASDAQ:ASUR) – Stock analysts at Dougherty & Co boosted their FY2018 earnings per share (EPS) estimates for Asure Software in a research report issued to clients and investors on Thursday, Zacks Investment Research reports. Dougherty & Co analyst R. Mattson now forecasts that the technology company will earn $0.72 per share for the year, up from their prior forecast of $0.64. Dougherty & Co currently has a “Buy” rating and a $18.00 price target on the stock.
Several other research firms also recently commented on ASUR. Canaccord Genuity reiterated a “buy” rating and issued a $18.00 price objective on shares of Asure Software in a report on Tuesday, October 17th. Cowen lifted their price objective on Asure Software from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Tuesday, December 19th. Zacks Investment Research raised Asure Software from a “sell” rating to a “hold” rating and set a $16.00 target price on the stock in a research report on Tuesday, January 2nd. Northland Securities set a $19.00 target price on Asure Software and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Finally, Craig Hallum assumed coverage on Asure Software in a research report on Monday, December 4th. They issued a “buy” rating 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’s stock. The company has a consensus rating of “Buy” and a consensus target price of $17.63.
Asure Software (NASDAQ ASUR) opened at $15.01 on Monday. Asure Software has a twelve month low of $9.47 and a twelve month high of $17.27. The firm has a market capitalization of $189.50 and a price-to-earnings ratio of 58.46. The company has a current ratio of 1.39, a quick ratio of 1.37 and a debt-to-equity ratio of 1.04.
Asure Software (NASDAQ:ASUR) last announced its quarterly earnings results on Monday, November 13th. The technology company reported $0.14 EPS for the quarter, hitting analysts’ consensus estimates of $0.14. Asure Software had a positive return on equity of 6.96% and a negative net margin of 8.28%. The company had revenue of $15.53 million during the quarter, compared to analyst estimates of $15.24 million.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Northpointe Capital LLC lifted its holdings in shares of Asure Software by 33.9% in the 3rd quarter. Northpointe Capital LLC now owns 544,418 shares of the technology company’s stock worth $6,762,000 after buying an additional 137,769 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Asure Software by 2.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 479,629 shares of the technology company’s stock worth $5,956,000 after purchasing an additional 13,279 shares during the last quarter. Alyeska Investment Group L.P. lifted its stake in shares of Asure Software by 548.1% during the 3rd quarter. Alyeska Investment Group L.P. now owns 450,000 shares of the technology company’s stock worth $5,589,000 after purchasing an additional 380,570 shares during the last quarter. Vanguard Group Inc. lifted its stake in shares of Asure Software by 24.0% during the 2nd quarter. Vanguard Group Inc. now owns 322,333 shares of the technology company’s stock worth $4,710,000 after purchasing an additional 62,418 shares during the last quarter. Finally, Unterberg Capital LLC lifted its stake in shares of Asure Software by 50.0% during the 3rd quarter. Unterberg Capital LLC now owns 300,000 shares of the technology company’s stock worth $3,726,000 after purchasing an additional 100,000 shares during the last quarter. Institutional investors own 46.31% of the company’s stock.
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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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