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.
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.
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.
Receive News & Ratings for Asure Software Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asure Software Inc and related companies with MarketBeat.com's FREE daily email newsletter.