Asure Software Inc (NASDAQ:ASUR) had its target price hoisted by Wunderlich from $15.00 to $18.00 in a research note issued on Friday, May 12th. The firm presently has a “buy” rating on the technology company’s stock. Wunderlich’s price objective would suggest a potential upside of 28.48% from the stock’s previous close.
Other equities analysts also recently issued reports about the stock. Lake Street Capital reaffirmed a “buy” rating and set a $16.00 price objective (up from $12.00) on shares of Asure Software in a report on Friday, May 12th. Canaccord Genuity initiated coverage on shares of Asure Software in a research report on Monday, May 8th. They issued a “buy” rating and a $15.00 target price for the company. Zacks Investment Research cut shares of Asure Software from a “hold” rating to a “sell” rating in a research report on Wednesday, April 5th. Finally, Barrington Research reiterated an “outperform” rating and issued a $13.00 target price (up from $12.00) on shares of Asure Software in a research report on Tuesday, March 21st. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. Asure Software has an average rating of “Buy” and an average price target of $14.29.
Asure Software (NASDAQ:ASUR) traded down 0.28% on Friday, hitting $14.01. 129,202 shares of the stock traded hands. The company’s 50 day moving average price is $13.78 and its 200-day moving average price is $11.22. The stock’s market cap is $120.91 million. Asure Software has a 52-week low of $4.45 and a 52-week high of $17.27.
Asure Software (NASDAQ:ASUR) last posted its quarterly earnings data on Thursday, May 11th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by $0.08. The company had revenue of $10.73 million for the quarter, compared to analysts’ expectations of $10.03 million. Asure Software had a negative net margin of 1.21% and a positive return on equity of 19.31%. On average, analysts forecast that Asure Software will post $0.55 earnings per share for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in the company. Bard Associates Inc. boosted its stake in Asure Software by 2.2% in the fourth quarter. Bard Associates Inc. now owns 133,818 shares of the technology company’s stock valued at $1,139,000 after buying an additional 2,825 shares during the last quarter. Geode Capital Management LLC raised its position in shares of Asure Software by 14.4% in the first quarter. Geode Capital Management LLC now owns 39,376 shares of the technology company’s stock valued at $404,000 after buying an additional 4,961 shares during the period. Alambic Investment Management L.P. bought a new position in shares of Asure Software during the first quarter valued at $122,000. Renaissance Technologies LLC raised its position in shares of Asure Software by 3.4% in the first quarter. Renaissance Technologies LLC now owns 415,476 shares of the technology company’s stock valued at $4,271,000 after buying an additional 13,600 shares during the period. Finally, 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 valued at $627,000 after buying an additional 14,679 shares during the period. Hedge funds and other institutional investors own 20.26% of the company’s stock.
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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