Dougherty & Co initiated coverage on shares of Asure Software Inc (NASDAQ:ASUR) in a report issued on Tuesday morning, Marketbeat.com reports. The firm issued a buy rating and a $17.00 target price on the technology company’s stock.
ASUR has been the topic of a number of other reports. Scotiabank lowered shares of Asure Software from an outperform rating to a sector perform rating in a research note on Thursday, September 7th. Canaccord Genuity reissued a buy rating and set a $18.00 target price on shares of Asure Software in a research note on Tuesday, October 17th. Northland Securities reissued a buy rating and set a $18.00 target price on shares of Asure Software in a research note on Thursday, September 21st. Zacks Investment Research lowered shares of Asure Software from a hold rating to a sell rating in a research note on Friday, August 18th. Finally, Cowen and Company initiated coverage on shares of Asure Software in a research note on Wednesday, September 6th. They set an outperform rating and a $16.00 target price on the stock. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Asure Software currently has an average rating of Buy and a consensus price target of $16.57.
Asure Software (NASDAQ:ASUR) traded up $0.03 during trading hours on Tuesday, hitting $11.50. 78,428 shares of the stock were exchanged, compared to its average volume of 149,562. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.39 and a current ratio of 1.40. Asure Software has a 12 month low of $6.36 and a 12 month high of $17.27. The company has a market cap of $142.84, a price-to-earnings ratio of 52.14, a P/E/G ratio of 0.96 and a beta of 1.14.
Asure Software (NASDAQ:ASUR) last posted its quarterly earnings data on Monday, August 14th. The technology company reported $0.05 EPS for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.06). Asure Software had a negative net margin of 5.73% and a positive return on equity of 6.93%. The firm had revenue of $12.88 million during the quarter, compared to the consensus estimate of $12.23 million. equities analysts expect that Asure Software will post 0.48 EPS for the current year.
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Several institutional investors have recently added to or reduced their stakes in the business. Navellier & Associates Inc lifted its stake in shares of Asure Software by 13.1% in the second quarter. Navellier & Associates Inc now owns 49,953 shares of the technology company’s stock valued at $730,000 after buying an additional 5,775 shares in the last quarter. Wells Fargo & Company MN lifted its stake in shares of Asure Software by 12.6% in the second quarter. Wells Fargo & Company MN now owns 57,470 shares of the technology company’s stock valued at $840,000 after buying an additional 6,435 shares in the last quarter. Northern Trust Corp lifted its stake in shares of Asure Software by 37.8% in the second quarter. Northern Trust Corp now owns 24,419 shares of the technology company’s stock valued at $357,000 after buying an additional 6,692 shares in the last quarter. DORCHESTER WEALTH MANAGEMENT Co bought a new position in shares of Asure Software in the second quarter valued at $161,000. Finally, Renaissance Technologies LLC lifted its stake 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 in the last quarter. 41.04% 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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