In a report released today, Joshua Reilly from Needham maintained a Buy rating on Asure (ASUR – Research Report), with a price target of $20.00. The company’s shares closed yesterday at $11.26.
Reilly covers the Technology sector, focusing on stocks such as HubSpot, Asure, and Tyler Technologies. According to TipRanks, Reilly has an average return of -1.7% and a 36.36% success rate on recommended stocks.
Currently, the analyst consensus on Asure is a Moderate Buy with an average price target of $16.20, a 43.87% upside from current levels. In a report released today, Roth MKM also maintained a Buy rating on the stock with a $23.00 price target.
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Based on Asure’s latest earnings release for the quarter ending September 30, the company reported a quarterly revenue of $21.9 million and a GAAP net loss of $4.53 million. In comparison, last year the company earned a revenue of $17.98 million and had a net profit of $5.33 million
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Asure Software, Inc. engages in the provision of workforce management software solutions and services. It offers cloud-based software-as-a-service solutions under the AsureSpace and AsureForce brands. The company was founded in 1985 and is headquartered in Austin, TX.
Read More on ASUR:
- Asure Announces Fourth Quarter and Full Year 2022 Results
- Asure Partners with ZayZoon to Deliver Earned Wage Access to Small Business Employees
- Asure Software management to meet virtually with Roth MKM
- Asure Software Announces Timing of Fourth Quarter and Full Year 2022 Financial Results
- Asure teams with Intuit’s TurboTax to aid small businesses with taxes, hiring
