Asure Software (NASDAQ:ASUR) PT Lowered to $11.00 at Needham & Company LLC

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Asure Software (NASDAQ:ASUR) had its price target cut by Needham & Company LLC from $12.00 to $11.00 in a research report issued to clients and investors on Tuesday, Briefing.com Automated Import reports. The firm presently has a “buy” rating on the technology company’s stock. Needham & Company LLC’s price target would suggest a potential upside of 27.17% from the company’s previous close.

Other research analysts also recently issued research reports about the company. Canaccord Genuity set a $12.00 price objective on Asure Software and gave the company a “buy” rating in a research note on Monday, August 12th. Barrington Research initiated coverage on Asure Software in a research note on Wednesday, October 9th. They issued a “buy” rating and a $15.00 price objective for the company. Northland Securities restated a “buy” rating and issued a $9.00 price objective on shares of Asure Software in a research note on Wednesday, October 9th. Zacks Investment Research downgraded Asure Software from a “buy” rating to a “hold” rating in a research note on Monday, October 28th. Finally, Roth Capital restated a “buy” rating on shares of Asure Software in a research note on Friday, August 9th. Two equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $11.93.

ASUR traded up $0.10 during trading on Tuesday, hitting $8.65. The company’s stock had a trading volume of 131,600 shares, compared to its average volume of 187,805. The firm has a market capitalization of $133.76 million, a P/E ratio of 20.12, a PEG ratio of 1.56 and a beta of 1.31. The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 1.20. The stock’s fifty day moving average price is $8.27 and its 200-day moving average price is $7.60. Asure Software has a twelve month low of $4.26 and a twelve month high of $10.25.

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

Hedge funds have recently bought and sold shares of the company. Paloma Partners Management Co bought a new position in shares of Asure Software during the 2nd quarter worth $556,000. S Squared Technology LLC grew 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 period. Perritt Capital Management Inc. grew 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 period. Skylands Capital LLC grew 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 period. Finally, Pacific Ridge Capital Partners LLC grew 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 period. Institutional investors own 42.33% of the company’s stock.

About Asure Software

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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