Lake Street Capital set a $15.00 target price on Asure Software (NASDAQ:ASUR) in a research report report published on Friday. The brokerage currently has a buy rating on the technology company’s stock.
A number of other brokerages have also recently issued reports on ASUR. ValuEngine cut shares of Asure Software from a buy rating to a hold rating in a report on Friday, August 17th. Dougherty & Co started coverage on shares of Asure Software in a report on Tuesday, August 28th. They issued a buy rating and a $20.00 target price on the stock. Barrington Research set a $25.00 target price on shares of Asure Software and gave the stock a buy rating in a report on Thursday, August 9th. Finally, Zacks Investment Research raised shares of Asure Software from a sell rating to a hold rating in a report on Monday, September 17th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the stock. Asure Software has a consensus rating of Buy and an average target price of $19.71.
NASDAQ ASUR traded down $3.29 during trading hours on Friday, reaching $7.75. The company’s stock had a trading volume of 1,471,059 shares, compared to its average volume of 229,296. The company has a quick ratio of 1.52, a current ratio of 1.54 and a debt-to-equity ratio of 1.06. Asure Software has a 52 week low of $7.50 and a 52 week high of $19.78. The stock has a market capitalization of $172.32 million, a P/E ratio of 17.22, a P/E/G ratio of 0.74 and a beta of 1.10.
Asure Software (NASDAQ:ASUR) last issued its earnings results on Friday, November 9th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). Asure Software had a positive return on equity of 9.05% and a negative net margin of 11.85%. The business had revenue of $23.46 million during the quarter, compared to the consensus estimate of $24.75 million. As a group, equities research analysts expect that Asure Software will post 0.56 earnings per share for the current year.
Several large investors have recently made changes to their positions in the business. Mesirow Financial Investment Management Inc. increased its stake in shares of Asure Software by 23.9% in the third quarter. Mesirow Financial Investment Management Inc. now owns 30,908 shares of the technology company’s stock valued at $384,000 after purchasing an additional 5,965 shares during the period. Northern Trust Corp increased its stake in shares of Asure Software by 32.9% in the first quarter. Northern Trust Corp now owns 33,009 shares of the technology company’s stock valued at $404,000 after purchasing an additional 8,166 shares during the period. Bank of New York Mellon Corp increased its stake in shares of Asure Software by 31.4% in the third quarter. Bank of New York Mellon Corp now owns 34,436 shares of the technology company’s stock valued at $428,000 after purchasing an additional 8,222 shares during the period. Gradient Investments LLC increased its stake in shares of Asure Software by 25.7% in the second quarter. Gradient Investments LLC now owns 54,939 shares of the technology company’s stock valued at $876,000 after purchasing an additional 11,248 shares during the period. Finally, FMR LLC increased its stake in shares of Asure Software by 12.8% in the second quarter. FMR LLC now owns 101,290 shares of the technology company’s stock valued at $1,616,000 after purchasing an additional 11,500 shares during the period. Institutional investors own 62.29% of the company’s stock.
About Asure Software
Asure Software Inc provides cloud-based software-as-a-service time and labor management, and workspace management solutions worldwide. The company's product line includes AsureSpace workplace management solutions that enable organizations to manage their office environments and optimize real estate utilization; and AsureForce time and labor management solutions to help organizations optimize workforce, as well as control labor administration costs and activities.
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