Dougherty & Co began coverage on shares of Asure Software Inc (NASDAQ:ASUR) in a research report report published on Tuesday, October 31st, Marketbeat.com reports. The firm issued a buy rating and a $17.00 target price on the technology company’s stock.
Other research analysts have also issued reports about the company. Zacks Investment Research upgraded Asure Software from a strong sell rating to a hold rating in a research report on Tuesday, October 17th. Cowen and Company assumed coverage on Asure Software in a research note on Wednesday, September 6th. They set an outperform rating and a $16.00 price objective on the stock. Scotiabank downgraded Asure Software from an outperform rating to a sector perform rating in a research note on Thursday, September 7th. Northland Securities reaffirmed a buy rating and issued a $18.00 target price on shares of Asure Software in a research report on Thursday, September 21st. Finally, Canaccord Genuity reaffirmed a buy rating and issued a $18.00 target price on shares of Asure Software in a research report on Tuesday, October 17th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of Buy and an average target price of $16.57.
Shares of Asure Software (NASDAQ ASUR) traded up $0.79 on Tuesday, hitting $11.72. The stock had a trading volume of 217,000 shares, compared to its average volume of 126,537. Asure Software has a fifty-two week low of $6.72 and a fifty-two week high of $17.27. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.39 and a current ratio of 1.40. The firm has a market cap of $135.76, a PE ratio of 49.68, a PEG ratio of 0.92 and a beta of 1.10.
Asure Software (NASDAQ:ASUR) last released its quarterly earnings results on Monday, August 14th. The technology company reported $0.05 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.11 by ($0.06). The business had revenue of $12.88 million for the quarter, compared to analyst estimates of $12.23 million. Asure Software had a negative net margin of 5.73% and a positive return on equity of 6.93%. analysts anticipate that Asure Software will post 0.47 earnings per share for the current fiscal year.
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Large investors have recently modified their holdings of the company. Timpani Capital Management LLC boosted its holdings in shares of Asure Software by 143.3% during the second quarter. Timpani Capital Management LLC now owns 142,622 shares of the technology company’s stock worth $2,084,000 after acquiring an additional 84,009 shares during the period. Pacific Ridge Capital Partners LLC boosted its stake in shares of Asure Software by 29.1% in the second quarter. Pacific Ridge Capital Partners LLC now owns 377,917 shares of the technology company’s stock valued at $5,521,000 after buying an additional 85,140 shares during the period. Unterberg Capital LLC bought a new stake in shares of Asure Software in the second quarter valued at approximately $2,922,000. DORCHESTER WEALTH MANAGEMENT Co bought a new stake in shares of Asure Software in the second quarter valued at approximately $161,000. Finally, Prudential PLC bought a new stake in shares of Asure Software in the second quarter valued at approximately $3,287,000. Institutional investors own 41.06% of the company’s stock.
Asure Software Company Profile
Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.
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