Asure Software (ASUR) Given a $15.00 Price Target at Barrington Research

Barrington Research set a $15.00 price target on Asure Software (NASDAQ:ASUR) in a research note issued to investors on Wednesday, April 10th, TipRanks reports. The firm currently has a buy rating on the technology company’s stock.

Other analysts have also recently issued research reports about the stock. Canaccord Genuity restated a buy rating and issued a $13.00 price objective on shares of Asure Software in a research report on Friday, March 15th. Roth Capital lowered their price objective on shares of Asure Software from $23.00 to $15.00 and set a buy rating for the company in a research report on Tuesday, January 8th. Zacks Investment Research raised shares of Asure Software from a hold rating to a buy rating and set a $6.00 target price for the company in a research note on Thursday, January 3rd. Finally, TheStreet lowered shares of Asure Software from a c- rating to a d+ rating in a research note on Tuesday, December 11th. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $13.38.

Shares of Asure Software stock traded up $0.22 on Wednesday, hitting $6.93. 135,376 shares of the company’s stock traded hands, compared to its average volume of 243,398. The stock has a market capitalization of $105.99 million, a price-to-earnings ratio of 16.12, a PEG ratio of 0.59 and a beta of 0.96. Asure Software has a one year low of $4.26 and a one year high of $19.78. The company has a debt-to-equity ratio of 1.05, a quick ratio of 1.06 and a current ratio of 1.08.

Asure Software (NASDAQ:ASUR) last issued its earnings results on Thursday, March 14th. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.05). Asure Software had a negative net margin of 8.49% and a positive return on equity of 6.82%. The business had revenue of $24.42 million for the quarter, compared to the consensus estimate of $23.99 million. As a group, research analysts forecast that Asure Software will post 0.44 EPS for the current fiscal year.

Several institutional investors have recently bought and sold shares of ASUR. JPMorgan Chase & Co. boosted its stake in shares of Asure Software by 1,895.5% during the 3rd quarter. JPMorgan Chase & Co. now owns 40,030 shares of the technology company’s stock worth $497,000 after buying an additional 38,024 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Asure Software by 31.4% in the 3rd quarter. Bank of New York Mellon Corp now owns 34,436 shares of the technology company’s stock valued at $428,000 after purchasing an additional 8,222 shares during the last quarter. BlackRock Inc. lifted its stake in Asure Software by 2.7% in the 3rd quarter. BlackRock Inc. now owns 705,702 shares of the technology company’s stock valued at $8,765,000 after purchasing an additional 18,444 shares during the last quarter. Allianz Asset Management GmbH lifted its stake in Asure Software by 9.2% in the 3rd quarter. Allianz Asset Management GmbH now owns 279,747 shares of the technology company’s stock valued at $3,474,000 after purchasing an additional 23,644 shares during the last quarter. Finally, Citadel Advisors LLC bought a new position in Asure Software in the 3rd quarter valued at about $235,000. Institutional investors own 51.74% 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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