TD Cowen Lowers Asure Software (NASDAQ:ASUR) Price Target to $10.00

Asure Software (NASDAQ:ASUR) had its price objective decreased by equities research analysts at TD Cowen from $12.00 to $10.00 in a report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the technology company’s stock. TD Cowen’s target price points to a potential upside of 37.17% from the stock’s previous close.

Several other research analysts have also commented on ASUR. Barrington Research restated an “outperform” rating and set a $17.00 price target on shares of Asure Software in a research note on Monday, April 29th. Needham & Company LLC reissued a “buy” rating and set a $20.00 target price on shares of Asure Software in a research report on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Asure Software currently has an average rating of “Moderate Buy” and an average target price of $13.40.

Asure Software Price Performance

Shares of NASDAQ:ASUR opened at $7.29 on Monday. The business has a fifty day simple moving average of $7.93 and a 200 day simple moving average of $8.40. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 0.03. Asure Software has a 1 year low of $6.30 and a 1 year high of $15.88. The firm has a market cap of $188.15 million, a price-to-earnings ratio of -16.95, a P/E/G ratio of 0.70 and a beta of 0.71.

Asure Software (NASDAQ:ASUR) last posted its quarterly earnings results on Monday, February 26th. The technology company reported $0.03 earnings per share for the quarter, topping analysts’ consensus estimates of $0.02 by $0.01. The company had revenue of $26.26 million during the quarter, compared to the consensus estimate of $26.45 million. Asure Software had a positive return on equity of 3.86% and a negative net margin of 8.38%. As a group, sell-side analysts predict that Asure Software will post 0.48 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Asure Software

A number of hedge funds have recently bought and sold shares of ASUR. Naples Money Management LLC acquired a new position in shares of Asure Software during the fourth quarter valued at about $27,000. Barclays PLC raised its holdings in Asure Software by 52.7% in the 3rd quarter. Barclays PLC now owns 5,850 shares of the technology company’s stock valued at $55,000 after acquiring an additional 2,020 shares in the last quarter. Tower Research Capital LLC TRC lifted its position in shares of Asure Software by 134.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 8,664 shares of the technology company’s stock worth $82,000 after acquiring an additional 4,976 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Asure Software by 45.1% during the 1st quarter. BNP Paribas Financial Markets now owns 10,929 shares of the technology company’s stock worth $85,000 after purchasing an additional 3,398 shares in the last quarter. Finally, Commonwealth Equity Services LLC bought a new stake in shares of Asure Software during the third quarter valued at approximately $95,000. 71.58% of the stock is currently owned by institutional investors.

Asure Software Company Profile

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.