Scotiabank cut shares of Asure Software Inc (NASDAQ:ASUR) from an outperform rating to a sector perform rating in a research note issued to investors on Thursday, The Fly reports.
Several other equities analysts have also issued reports on the company. Cowen and Company began coverage on Asure Software in a research note on Wednesday. They set an outperform rating and a $16.00 price target on the stock. Zacks Investment Research lowered Asure Software from a hold rating to a sell rating in a research note on Friday, August 18th. Northland Securities set a $18.00 price target on Asure Software and gave the company a buy rating in a research note on Tuesday, August 15th. Finally, Canaccord Genuity restated a buy rating and set a $18.00 price target on shares of Asure Software in a research note on Monday, August 14th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have issued a buy rating to the company’s stock. Asure Software presently has an average rating of Buy and a consensus target price of $15.88.
Asure Software (ASUR) opened at 10.34 on Thursday. The firm’s 50-day moving average price is $12.25 and its 200-day moving average price is $12.42. The company’s market cap is $128.43 million. Asure Software has a 12-month low of $5.39 and a 12-month high of $17.27.
Asure Software (NASDAQ:ASUR) last posted its quarterly earnings data on Monday, August 14th. The technology company reported $0.05 EPS for the quarter, missing analysts’ consensus estimates of $0.11 by $0.06. The business had revenue of $12.88 million during the quarter, compared to the consensus estimate of $12.23 million. Asure Software had a positive return on equity of 6.93% and a negative net margin of 5.73%. Analysts expect that Asure Software will post $0.52 EPS for the current year.
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A number of institutional investors and hedge funds have recently modified their holdings of ASUR. Northpointe Capital LLC bought a new position in Asure Software during the second quarter valued at about $5,941,000. Russell Investments Group Ltd. grew its stake in shares of Asure Software by 664.5% in the 2nd quarter. Russell Investments Group Ltd. now owns 466,350 shares of the technology company’s stock valued at $6,814,000 after purchasing an additional 405,348 shares during the period. Prudential PLC bought a new stake in shares of Asure Software in the 2nd quarter valued at approximately $3,287,000. Unterberg Capital LLC bought a new stake in shares of Asure Software in the 2nd quarter valued at approximately $2,922,000. Finally, AWM Investment Company Inc. bought a new stake in shares of Asure Software in the 2nd quarter valued at approximately $2,595,000. Hedge funds and other institutional investors own 39.68% 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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