Lake Street Capital reissued their buy rating on shares of Asure Software Inc (NASDAQ:ASUR) in a research report report published on Friday, May 12th, MarketBeat reports. They currently have a $16.00 price target on the technology company’s stock, up from their previous price target of $12.00.
A number of other brokerages have also commented on ASUR. Zacks Investment Research lowered Asure Software from a hold rating to a sell rating in a report on Wednesday, April 5th. Canaccord Genuity initiated coverage on Asure Software in a report on Monday, May 8th. They issued a buy rating and a $15.00 target price for the company. Finally, Barrington Research reaffirmed 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. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and a consensus target price of $14.29.
Asure Software (NASDAQ ASUR) traded down 0.28% during trading on Friday, reaching $14.01. The company’s stock had a trading volume of 129,202 shares. The firm’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. The stock’s 50 day moving average is $13.78 and its 200-day moving average is $11.22.
Asure Software (NASDAQ:ASUR) last issued its earnings results on Thursday, May 11th. The technology company reported ($0.02) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by $0.08. Asure Software had a negative net margin of 1.21% and a positive return on equity of 19.31%. The firm had revenue of $10.73 million during the quarter, compared to the consensus estimate of $10.03 million. On average, equities research analysts forecast that Asure Software will post $0.55 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Renaissance Technologies LLC boosted 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 worth $4,271,000 after buying an additional 13,600 shares during the period. Dimensional Fund Advisors LP purchased a new stake in Asure Software during the first quarter worth $519,000. Geode Capital Management LLC raised its stake in Asure Software by 14.4% in the first quarter. Geode Capital Management LLC now owns 39,376 shares of the technology company’s stock worth $404,000 after buying an additional 4,961 shares in the last quarter. Vanguard Group Inc. raised its stake in Asure Software by 48.8% in the first quarter. Vanguard Group Inc. now owns 259,915 shares of the technology company’s stock worth $2,672,000 after buying an additional 85,205 shares in the last quarter. Finally, Pacific Ridge Capital Partners LLC raised its stake in 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 in the last quarter. 20.26% of the stock is currently 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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