Asure Software (NASDAQ:ASUR) had its price objective lowered by equities research analysts at Barrington Research from $25.00 to $20.00 in a report issued on Monday, November 12th, Marketbeat Ratings reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Barrington Research’s price target points to a potential upside of 230.58% from the company’s current price. Barrington Research also issued estimates for Asure Software’s Q4 2018 earnings at $0.10 EPS and FY2018 earnings at $0.46 EPS.
ASUR has been the subject of several other reports. ValuEngine cut shares of Asure Software from a “hold” rating to a “sell” rating in a report on Tuesday, October 2nd. Needham & Company LLC decreased their price objective on shares of Asure Software from $20.00 to $12.00 and set a “buy” rating for the company in a report on Monday, November 12th. Zacks Investment Research upgraded shares of Asure Software from a “sell” rating to a “hold” rating in a report on Friday, August 31st. Lake Street Capital set a $15.00 price objective on shares of Asure Software and gave the company a “buy” rating in a report on Friday, November 9th. Finally, Canaccord Genuity decreased their price objective on shares of Asure Software from $22.00 to $13.00 and set a “buy” rating for the company in a report on Monday, November 12th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and seven have given a buy rating to the company’s stock. Asure Software has a consensus rating of “Buy” and a consensus price target of $16.33.
NASDAQ ASUR traded up $0.20 on Monday, hitting $6.05. The stock had a trading volume of 238,400 shares, compared to its average volume of 223,079. Asure Software has a one year low of $5.40 and a one year high of $19.78. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 1.09. The stock has a market cap of $87.74 million, a price-to-earnings ratio of 13.44, a price-to-earnings-growth ratio of 0.46 and a beta of 1.01.
Asure Software (NASDAQ:ASUR) last posted its earnings results on Friday, November 9th. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). The firm had revenue of $23.46 million during the quarter, compared to the consensus estimate of $24.75 million. Asure Software had a positive return on equity of 8.21% and a negative net margin of 13.56%. As a group, equities research analysts expect that Asure Software will post 0.46 earnings per share for the current fiscal year.
A number of hedge funds have recently added to or reduced their stakes in the stock. Marshall Wace LLP acquired a new stake in Asure Software during the third quarter valued at approximately $2,331,000. Vanguard Group Inc. lifted its stake in Asure Software by 5.7% during the third quarter. Vanguard Group Inc. now owns 629,278 shares of the technology company’s stock valued at $7,816,000 after purchasing an additional 33,817 shares during the last quarter. Citadel Advisors LLC acquired a new stake in Asure Software during the third quarter valued at approximately $235,000. Allianz Asset Management GmbH lifted its stake in Asure Software by 9.2% during the third 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, Verity Asset Management Inc. acquired a new stake in Asure Software during the third quarter valued at approximately $228,000. 62.23% of the stock is owned by institutional investors and hedge funds.
About Asure Software
Asure Software Inc provides cloud-based software-as-a-service time and labor management, and workspace management solutions worldwide. The company's product line includes AsureSpace workplace management solutions that enable organizations to manage their office environments and optimize real estate utilization; and AsureForce time and labor management solutions to help organizations optimize workforce, as well as control labor administration costs and activities.
See Also: The risks of owning bonds