Asure Software Inc (ASUR) Now Covered by Analysts at Canaccord Genuity

Research analysts at Canaccord Genuity started coverage on shares of Asure Software Inc (NASDAQ:ASUR) in a research note issued on Monday, May 8th. The brokerage set a “buy” rating and a $15.00 price target on the technology company’s stock. Canaccord Genuity’s price target indicates a potential upside of 15.74% from the company’s previous close.

Several other research analysts also recently commented on the company. Zacks Investment Research downgraded Asure Software from a “hold” rating to a “sell” rating in a report on Wednesday, April 5th. Barrington Research restated an “outperform” rating and set a $13.00 price objective (up from $12.00) on shares of Asure Software in a report on Tuesday, March 21st. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and five have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and an average price target of $13.79.

Analyst Recommendations for Asure Software (NASDAQ:ASUR)

Asure Software (NASDAQ:ASUR) traded down 3.07% during trading on Monday, hitting $12.96. The company’s stock had a trading volume of 104,364 shares. Asure Software has a 12 month low of $4.45 and a 12 month high of $15.40. The firm has a 50 day moving average of $11.11 and a 200 day moving average of $10.18. The firm’s market cap is $111.84 million.

Asure Software (NASDAQ:ASUR) last issued its quarterly earnings results on Thursday, May 11th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by $0.08. Asure Software had a positive return on equity of 14.38% and a negative net margin of 5.82%. The business had revenue of $10.73 million for the quarter, compared to the consensus estimate of $10.03 million. Equities research analysts predict that Asure Software will post $0.67 earnings per share for the current year.

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Several institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC raised its position in shares of Asure Software by 47.5% in the fourth quarter. Renaissance Technologies LLC now owns 401,876 shares of the technology company’s stock valued at $3,420,000 after buying an additional 129,400 shares in the last quarter. Skylands Capital LLC raised its stake in Asure Software by 1,073.8% in the first quarter. Skylands Capital LLC now owns 133,576 shares of the technology company’s stock valued at $1,373,000 after buying an additional 122,196 shares during the period. 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 valued at $2,672,000 after buying an additional 85,205 shares during the period. Herald Investment Management Ltd purchased a new stake in Asure Software during the fourth quarter valued at approximately $680,000. Finally, Oberweis Asset Management Inc. bought a new stake in Asure Software during the fourth quarter worth about $538,000. 17.56% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:ASUR

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