Needham & Company LLC Lowers Asure Software (NASDAQ:ASUR) Price Target to $11.00

Asure Software (NASDAQ:ASUR) had its price target trimmed by Needham & Company LLC from $12.00 to $11.00 in a report issued on Tuesday, Briefing.com Automated Import reports. The brokerage currently has a buy rating on the technology company’s stock.

Several other equities research analysts have also recently weighed in on the stock. ValuEngine cut shares of Asure Software from a buy rating to a hold rating in a research report on Monday, November 11th. Northland Securities reiterated a buy rating and set a $9.00 price objective on shares of Asure Software in a research report on Wednesday, October 9th. Zacks Investment Research cut shares of Asure Software from a buy rating to a hold rating in a research report on Monday, October 28th. Roth Capital reiterated a buy rating on shares of Asure Software in a research report on Friday, August 9th. Finally, Barrington Research began coverage on shares of Asure Software in a report on Wednesday, October 9th. They issued a buy rating and a $15.00 price target for the company. Two investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Asure Software currently has a consensus rating of Buy and a consensus target price of $11.93.

Shares of Asure Software stock traded up $0.10 on Tuesday, reaching $8.65. 131,600 shares of the stock were exchanged, compared to its average volume of 187,805. Asure Software has a one year low of $4.26 and a one year high of $10.25. The company has a debt-to-equity ratio of 1.20, a quick ratio of 1.00 and a current ratio of 1.03. The firm’s 50 day moving average is $8.27 and its 200-day moving average is $7.60. The firm has a market cap of $133.76 million, a PE ratio of 20.12, a P/E/G ratio of 1.56 and a beta of 1.31.

Asure Software (NASDAQ:ASUR) last posted its quarterly earnings data on Monday, November 11th. The technology company reported $0.11 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.08. Asure Software had a negative net margin of 9.43% and a positive return on equity of 6.25%. The company had revenue of $24.56 million during the quarter, compared to analysts’ expectations of $25.31 million. On average, equities research analysts expect that Asure Software will post 0.25 EPS for the current fiscal year.

A number of large investors have recently bought and sold shares of ASUR. Paloma Partners Management Co acquired a new stake in Asure Software in the second quarter worth $556,000. S Squared Technology LLC grew its holdings in Asure Software by 21.2% in the second quarter. S Squared Technology LLC now owns 94,108 shares of the technology company’s stock worth $775,000 after purchasing an additional 16,461 shares during the period. Perritt Capital Management Inc. grew its holdings in Asure Software by 9.4% in the second quarter. Perritt Capital Management Inc. now owns 233,400 shares of the technology company’s stock worth $1,921,000 after purchasing an additional 20,000 shares during the period. Skylands Capital LLC grew its holdings in Asure Software by 69.3% in the second quarter. Skylands Capital LLC now owns 378,550 shares of the technology company’s stock worth $3,115,000 after purchasing an additional 154,946 shares during the period. Finally, Pacific Ridge Capital Partners LLC grew its holdings in Asure Software by 9.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 870,454 shares of the technology company’s stock worth $7,164,000 after purchasing an additional 74,098 shares during the period. Institutional investors and hedge funds own 42.33% of the company’s stock.

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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Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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