Zacks: Brokerages Set $9.00 Price Target for Asure Software Inc. (NASDAQ:ASUR)
Shares of Asure Software Inc. (NASDAQ:ASUR) have earned a consensus broker rating score of 1.00 (Strong Buy) from the two analysts that cover the stock, Zacks Investment Research reports. Two analysts have rated the stock with a strong buy recommendation.
Brokers have set a 12-month consensus price objective of $9.00 for the company and are anticipating that the company will post $0.07 EPS for the current quarter, according to Zacks. Zacks has also assigned Asure Software an industry rank of 23 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded shares of Asure Software from a “hold” rating to a “strong-buy” rating and set a $5.50 price target for the company in a report on Thursday, August 18th.
In related news, CEO Patrick Goepel bought 50,000 shares of the stock in a transaction dated Friday, September 2nd. The stock was acquired at an average price of $5.29 per share, for a total transaction of $264,500.00. Following the acquisition, the chief executive officer now owns 650,097 shares in the company, valued at approximately $3,439,013.13. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 27.00% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Renaissance Technologies LLC boosted its position in shares of Asure Software by 0.6% in the first quarter. Renaissance Technologies LLC now owns 255,476 shares of the company’s stock valued at $1,369,000 after buying an additional 1,600 shares during the last quarter. FMR LLC boosted its position in shares of Asure Software by 4.0% in the second quarter. FMR LLC now owns 349,719 shares of the company’s stock valued at $1,647,000 after buying an additional 13,600 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Asure Software by 0.5% in the second quarter. Vanguard Group Inc. now owns 82,997 shares of the company’s stock valued at $391,000 after buying an additional 373 shares during the last quarter. Institutional investors and hedge funds own 21.40% of the company’s stock.
Shares of Asure Software (NASDAQ:ASUR) traded down 0.369% on Friday, hitting $6.476. 8,976 shares of the company traded hands. The stock’s 50-day moving average price is $5.32 and its 200-day moving average price is $5.14. Asure Software has a 12 month low of $4.28 and a 12 month high of $6.69. The company’s market capitalization is $42.20 million.
Asure Software (NASDAQ:ASUR) last posted its quarterly earnings results on Monday, August 15th. The company reported $0.15 EPS for the quarter, topping the consensus estimate of ($0.02) by $0.17. Asure Software had a negative net margin of 9.35% and a negative return on equity of 23.43%. The company earned $9.70 million during the quarter, compared to analysts’ expectations of $7.20 million. On average, equities analysts predict that Asure Software will post $0.19 earnings per share for the current year.
About Asure Software
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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