Asure Software Inc (ASUR) Price Target Raised to $18.00

Asure Software Inc (NASDAQ:ASUR) had its target price raised by Wunderlich from $15.00 to $18.00 in a research note published on Friday morning. The brokerage currently has a buy rating on the technology company’s stock.

Several other analysts have also recently commented on ASUR. Zacks Investment Research cut Asure Software from a hold rating to a sell rating in a report on Tuesday, January 17th. Barrington Research reiterated an outperform rating and issued a $13.00 target price (up from $12.00) on shares of Asure Software in a report on Tuesday, March 21st. Canaccord Genuity initiated coverage on Asure Software in a report on Monday, May 8th. They set a buy rating and a $15.00 price target on the stock. Finally, Lake Street Capital restated a buy rating and set a $16.00 price target (up from $12.00) on shares of Asure Software in a report on Friday, May 12th. One research analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating to the company. Asure Software currently has a consensus rating of Buy and a consensus price target of $13.79.

Analyst Recommendations for Asure Software (NASDAQ:ASUR)

Shares of Asure Software (NASDAQ:ASUR) opened at 13.82 on Friday. The firm’s 50-day moving average is $11.03 and its 200-day moving average is $10.16. The company’s market cap is $119.27 million. Asure Software has a one year low of $4.45 and a one year high of $15.40.

Asure Software (NASDAQ:ASUR) last announced its earnings results on Thursday, May 11th. The technology company reported ($0.02) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.08. Asure Software had a negative net margin of 5.82% and a positive return on equity of 14.38%. The company had revenue of $10.73 million during the quarter, compared to the consensus estimate of $10.03 million. Analysts expect that Asure Software will post $0.67 EPS for the current fiscal year.

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Several institutional investors have recently modified their holdings of the company. Pacific Ridge Capital Partners LLC raised its position 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 worth $3,010,000 after buying an additional 48,867 shares during the last quarter. Alambic Investment Management L.P. purchased a new position in shares of Asure Software during the first quarter worth $122,000. Wells Fargo & Company MN purchased a new position in shares of Asure Software during the first quarter worth $525,000. Russell Investments Group Ltd. raised its position in shares of Asure Software by 31.7% in the first quarter. Russell Investments Group Ltd. now owns 61,002 shares of the technology company’s stock worth $627,000 after buying an additional 14,679 shares during the last quarter. Finally, Navellier & Associates Inc purchased a new position in shares of Asure Software during the first quarter worth $454,000. 17.56% of the stock is currently owned by institutional investors.

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.

5 Day Chart for NASDAQ:ASUR

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