Asure Software Inc (NASDAQ:ASUR) – Analysts at Dougherty & Co cut their FY2018 earnings estimates for shares of Asure Software in a research report issued on Monday. Dougherty & Co analyst R. Mattson now anticipates that the technology company will post earnings per share of $0.67 for the year, down from their prior estimate of $0.72. Dougherty & Co has a “Buy” rating and a $18.00 price target on the stock.
Other analysts have also issued research reports about the company. Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 price objective on shares of Asure Software in a research note on Tuesday, January 2nd. Northland Securities set a $19.00 price objective on Asure Software and gave the company a “buy” rating in a research note on Wednesday, January 3rd. Barrington Research set a $20.00 price objective on Asure Software and gave the company a “buy” rating in a research note on Sunday. Craig Hallum started coverage on Asure Software in a research note on Monday, December 4th. They set a “buy” rating on the stock. Finally, Zacks Investment Research raised Asure Software from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Tuesday, January 9th. Three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $18.50.
Asure Software stock traded down $0.06 on Thursday, hitting $13.87. The company had a trading volume of 25,831 shares, compared to its average volume of 137,714. The company has a current ratio of 1.24, a quick ratio of 1.37 and a debt-to-equity ratio of 1.05. The firm has a market capitalization of $177.69, a price-to-earnings ratio of 44.13, a P/E/G ratio of 0.72 and a beta of 1.10. Asure Software has a fifty-two week low of $9.47 and a fifty-two week high of $17.53.
A number of large investors have recently modified their holdings of ASUR. Cambridge Investment Research Advisors Inc. acquired a new stake in Asure Software in the 3rd quarter worth about $135,000. Goldman Sachs Group Inc. acquired a new stake in Asure Software in the 4th quarter worth about $150,000. Monashee Investment Management LLC acquired a new stake in Asure Software in the 4th quarter worth about $151,000. Virtu Financial LLC acquired a new stake in Asure Software in the 4th quarter worth about $231,000. Finally, Raymond James Financial Services Advisors Inc. acquired a new stake in Asure Software in the 4th quarter worth about $321,000. 52.52% of the stock is currently owned by hedge funds and other institutional investors.
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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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