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.
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.
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.
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