Asure Software (NASDAQ:ASUR) PT Lowered to $12.00

Share on StockTwits

Asure Software (NASDAQ:ASUR) had its target price reduced by Lake Street Capital from $14.00 to $12.00 in a report released on Tuesday morning, The Fly reports. They currently have a buy rating on the technology company’s stock.

ASUR has been the subject of several other reports. ValuEngine cut shares of Asure Software from a buy rating to a hold rating in a research note on Monday, November 11th. Zacks Investment Research cut shares of Asure Software from a buy rating to a hold rating in a research note on Monday, October 28th. Needham & Company LLC decreased their target price on shares of Asure Software from $12.00 to $11.00 and set a buy rating for the company in a research note on Tuesday. Roth Capital reiterated a buy rating on shares of Asure Software in a research note on Friday, August 9th. Finally, Canaccord Genuity set a $12.00 price objective on shares of Asure Software and gave the stock a buy rating in a research report on Monday, August 12th. Two investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $11.93.

Shares of Asure Software stock traded up $0.10 on Tuesday, reaching $8.65. The stock had a trading volume of 131,600 shares, compared to its average volume of 187,805. 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 company has a 50 day moving average price of $8.27 and a 200 day moving average price of $7.60. Asure Software has a 1 year low of $4.26 and a 1 year high of $10.25. The stock has a market capitalization of $133.76 million, a P/E 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 earnings results on Monday, November 11th. The technology company reported $0.11 earnings per share (EPS) for the quarter, beating the 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 firm had revenue of $24.56 million during the quarter, compared to analysts’ expectations of $25.31 million. On average, analysts forecast that Asure Software will post 0.25 earnings per share for the current fiscal year.

Large investors have recently bought and sold shares of the business. Paloma Partners Management Co acquired a new position in Asure Software during the second quarter worth $556,000. S Squared Technology LLC raised its position in Asure Software by 21.2% during the second 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. raised its position in Asure Software by 9.4% during the second 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 raised its position in Asure Software by 69.3% during the second 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 raised its position in Asure Software by 9.3% during the second 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.

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.

Recommended Story: Depreciation

The Fly

Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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



Latest News

Analysts Set $33.00 Target Price for SpringWorks Therapeutics
Analysts Set $33.00 Target Price for SpringWorks Therapeutics
Ardelyx Inc  Given Consensus Rating of “Hold” by Analysts
Ardelyx Inc Given Consensus Rating of “Hold” by Analysts
Western Midstream Partners LP  Receives $32.25 Consensus Price Target from Analysts
Western Midstream Partners LP Receives $32.25 Consensus Price Target from Analysts
SL Green Realty Corp  Receives $93.85 Average Price Target from Brokerages
SL Green Realty Corp Receives $93.85 Average Price Target from Brokerages
HC Wainwright Reaffirms Buy Rating for Y-mAbs Therapeutics
HC Wainwright Reaffirms Buy Rating for Y-mAbs Therapeutics
Analysts Set SS&C Technologies Holdings, Inc.  Price Target at $65.91
Analysts Set SS&C Technologies Holdings, Inc. Price Target at $65.91


© 2006-2019 Ticker Report