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

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

Other equities analysts have also issued reports about the company. Roth Capital reaffirmed a buy rating on shares of Asure Software in a research note on Friday, August 9th. Zacks Investment Research lowered Asure Software from a buy rating to a hold rating in a research note on Monday, October 28th. Northland Securities reaffirmed a buy rating and issued a $9.00 price objective on shares of Asure Software in a research note on Wednesday, October 9th. 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 on the stock. Finally, Canaccord Genuity set a $12.00 price objective on Asure Software and gave the stock a buy rating in a research note on Monday, August 12th. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $11.93.

Shares of ASUR traded up $0.10 during midday trading on Tuesday, reaching $8.65. 131,600 shares of the stock were exchanged, compared to its average volume of 187,805. The company has a market cap 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 50 day simple moving average is $8.27 and its 200 day simple moving average 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 posted its quarterly earnings data on Monday, November 11th. The technology company reported $0.11 EPS for the quarter, topping the Zacks’ consensus estimate of $0.03 by $0.08. The company had revenue of $24.56 million for the quarter, compared to analyst estimates of $25.31 million. Asure Software had a positive return on equity of 6.25% and a negative net margin of 9.43%. As a group, analysts predict that Asure Software will post 0.25 earnings per share for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the business. Paloma Partners Management Co acquired a new position in Asure Software in the second quarter valued at approximately $556,000. Perritt Capital Management Inc. lifted its stake 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 valued at $1,921,000 after buying an additional 20,000 shares during the period. S Squared Technology LLC lifted its stake 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 valued at $775,000 after buying an additional 16,461 shares during the period. Pacific Ridge Capital Partners LLC lifted its stake 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 valued at $7,164,000 after buying an additional 74,098 shares during the period. Finally, Skylands Capital LLC lifted its stake in Asure Software by 69.3% in the second quarter. Skylands Capital LLC now owns 378,550 shares of the technology company’s stock valued at $3,115,000 after buying an additional 154,946 shares during the period. 42.33% of the stock is currently owned by hedge funds and other institutional investors.

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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