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

Asure Software (NASDAQ:ASUR) had its target price reduced by TD Cowen from $12.00 to $10.00 in a report issued on Monday morning, Benzinga reports. They currently have a buy rating on the technology company’s stock.

Several other analysts have also commented on the company. Barrington Research reaffirmed an outperform rating and issued a $17.00 price target on shares of Asure Software in a research note on Monday, April 29th. Needham & Company LLC restated a buy rating and issued a $20.00 target price on shares of Asure Software in a research note on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Asure Software has a consensus rating of Moderate Buy and a consensus target price of $13.40.

Asure Software Price Performance

NASDAQ:ASUR opened at $7.24 on Monday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 1.09 and a current ratio of 1.09. The company has a 50-day moving average of $7.89 and a 200-day moving average of $8.39. Asure Software has a 52 week low of $6.30 and a 52 week high of $15.88. The company has a market capitalization of $186.86 million, a price-to-earnings ratio of -16.84, a PEG 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 (EPS) for the quarter, topping the consensus estimate of $0.02 by $0.01. Asure Software had a negative net margin of 8.38% and a positive return on equity of 3.86%. The firm had revenue of $26.26 million during the quarter, compared to analyst estimates of $26.45 million. As a group, equities research analysts anticipate that Asure Software will post 0.48 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Asure Software

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

About Asure Software

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.