Asure Software’s (ASUR) Outperform Rating Reiterated at Barrington Research

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Asure Software (NASDAQ:ASUR)‘s stock had its “outperform” rating reissued by Barrington Research in a report released on Wednesday, Marketbeat.com reports. They currently have a $15.00 price target on the technology company’s stock, down from their prior price target of $20.00. Barrington Research’s price target would suggest a potential upside of 157.29% from the stock’s current price.

Several other brokerages also recently weighed in on ASUR. Needham & Company LLC cut their price target on Asure Software from $20.00 to $12.00 and set a “buy” rating for the company in a report on Monday, November 12th. ValuEngine downgraded Asure Software from a “sell” rating to a “strong sell” rating in a report on Saturday, November 10th. TheStreet downgraded Asure Software from a “c-” rating to a “d+” rating in a report on Tuesday, December 11th. Dougherty & Co downgraded Asure Software from a “buy” rating to a “neutral” rating in a report on Tuesday, November 13th. Finally, Craig Hallum cut their price target on Asure Software from $21.00 to $11.00 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 issued a hold rating and six have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $13.38.

Shares of ASUR opened at $5.83 on Wednesday. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.18 and a quick ratio of 1.17. The firm has a market capitalization of $92.98 million, a price-to-earnings ratio of 12.96, a price-to-earnings-growth ratio of 0.31 and a beta of 1.02. Asure Software has a fifty-two week low of $4.26 and a fifty-two week high of $19.78.

Asure Software (NASDAQ:ASUR) last issued its quarterly earnings results on Friday, November 9th. The technology company reported $0.12 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.02). The business had revenue of $23.46 million during the quarter, compared to analyst estimates of $24.75 million. Asure Software had a negative net margin of 13.56% and a positive return on equity of 8.21%. On average, analysts forecast that Asure Software will post 0.46 EPS for the current year.

Several hedge funds have recently added to or reduced their stakes in the company. Mesirow Financial Investment Management Inc. increased its holdings in shares of Asure Software by 23.9% during the 3rd quarter. Mesirow Financial Investment Management Inc. now owns 30,908 shares of the technology company’s stock worth $384,000 after buying an additional 5,965 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Asure Software by 31.4% during the 3rd quarter. Bank of New York Mellon Corp now owns 34,436 shares of the technology company’s stock worth $428,000 after buying an additional 8,222 shares during the last quarter. FMR LLC increased its holdings in shares of Asure Software by 12.8% during the 2nd quarter. FMR LLC now owns 101,290 shares of the technology company’s stock worth $1,616,000 after buying an additional 11,500 shares during the last quarter. Cynosure Advisors LLC acquired a new stake in shares of Asure Software during the 2nd quarter worth $201,000. Finally, NJ State Employees Deferred Compensation Plan increased its holdings in shares of Asure Software by 28.0% during the 3rd quarter. NJ State Employees Deferred Compensation Plan now owns 64,000 shares of the technology company’s stock worth $795,000 after buying an additional 14,000 shares during the last quarter. Institutional investors and hedge funds own 62.23% of the company’s stock.

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.

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Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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