Barrington analyst Vincent Colicchio reiterated a Buy rating on Asure (NASDAQ: ASUR) today and set a price target of $25. The company’s shares opened today at $14.09.
Colicchio commented:
“We are reducing our 2018 non-GAAP EPS forecast to $0.68 from $0.74 to better reflect the revenue/cost contributions of acquisitions, which were previously too optimistic. We are maintaining our 2019 non-GAAP EPS forecast of $0.90.”
According to TipRanks.com, Colicchio is a 3-star analyst with an average return of 6.6% and a 63.2% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Convergys Corp.
Asure has an analyst consensus of Strong Buy, with a price target consensus of $22.33, representing a 58.5% upside. In a report issued on August 21, Lake Street also reiterated a Buy rating on the stock with a $20 price target.
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Based on Asure’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $3.77 million. In comparison, last year the company had a GAAP net loss of $1.84 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.
