Asure Software (NASDAQ:ASUR) had its price target reduced by Lake Street Capital from $14.00 to $12.00 in a research report sent to investors on Tuesday, The Fly reports. Lake Street Capital currently has a buy rating on the technology company’s stock.
Other equities analysts have also recently issued research reports about the company. Barrington Research assumed coverage on Asure Software in a report on Wednesday, October 9th. They issued a buy rating and a $15.00 target price for the company. Needham & Company LLC decreased their price target on Asure Software from $12.00 to $11.00 and set a buy rating for the company in a research note on Tuesday. Canaccord Genuity set a $12.00 price target on Asure Software and gave the stock a buy rating in a research note on Monday, August 12th. Roth Capital reissued a buy rating on shares of Asure Software in a research note on Friday, August 9th. Finally, Zacks Investment Research lowered Asure Software from a buy rating to a hold rating in a research note on Monday, October 28th. Two equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Asure Software has an average rating of Buy and a consensus price target of $11.93.
ASUR traded up $0.10 on Tuesday, hitting $8.65. 131,600 shares of the company’s stock traded hands, compared to its average volume of 187,805. The firm has a market cap of $133.76 million, a price-to-earnings ratio of 20.12, a P/E/G ratio of 1.56 and a beta of 1.31. The company has a current ratio of 1.03, a quick ratio of 1.00 and a debt-to-equity ratio of 1.20. The company’s 50 day simple moving average is $8.27 and its 200-day simple moving average is $7.60. Asure Software has a one year low of $4.26 and a one year high of $10.25.
Asure Software (NASDAQ:ASUR) last announced its earnings results on Monday, November 11th. The technology company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.08. The firm had revenue of $24.56 million during the quarter, compared to analysts’ expectations of $25.31 million. Asure Software had a positive return on equity of 6.25% and a negative net margin of 9.43%. As a group, equities analysts anticipate that Asure Software will post 0.25 EPS for the current fiscal year.
Several hedge funds have recently modified their holdings of ASUR. Paloma Partners Management Co bought a new stake in shares of Asure Software during the 2nd quarter worth approximately $556,000. S Squared Technology LLC lifted its stake in shares of Asure Software by 21.2% during the 2nd quarter. S Squared Technology LLC now owns 94,108 shares of the technology company’s stock worth $775,000 after acquiring an additional 16,461 shares during the last quarter. Perritt Capital Management Inc. lifted its stake in shares of Asure Software by 9.4% during the 2nd quarter. Perritt Capital Management Inc. now owns 233,400 shares of the technology company’s stock worth $1,921,000 after acquiring an additional 20,000 shares during the last quarter. Skylands Capital LLC lifted its stake in shares of Asure Software by 69.3% during the 2nd quarter. Skylands Capital LLC now owns 378,550 shares of the technology company’s stock worth $3,115,000 after acquiring an additional 154,946 shares during the last quarter. Finally, Pacific Ridge Capital Partners LLC lifted its stake in shares of Asure Software by 9.3% during the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 870,454 shares of the technology company’s stock worth $7,164,000 after acquiring an additional 74,098 shares during the last quarter. 42.33% of the stock is owned by hedge funds and other institutional investors.
Asure Software Company Profile
Asure Software, Inc provides cloud-based human capital management and workspace management solutions worldwide. Its product line includes AsureSpace workspace management solutions that enable organizations to optimize their real estate investment, and create a digital workspace that empowers mobile and virtual employees; and AsureForce time and labor management solutions to help organizations optimize their workforce, as well as control labor administration costs and activities.
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