Asure Received its Third Buy in a Row

After Canaccord Genuity and Needham assigned a Buy rating to Asure in the last month, the company received another Buy, this time from Barrington. Analyst Vincent Colicchio maintained a Buy rating on Asure (NASDAQ: ASUR) today and set a price target of $20. The company’s shares closed yesterday at $16.18.

Colicchio noted:

“We expect the company to report non-GAAP EPS of $0.12 in Q1/18, which exceeds the FactSet consensus of $0.08. There is a broad dispersion of nine earnings estimates ranging from $0.04 to $0.15. Our forecast represents year-over-year growth of 33% and a sequential decline of 29%.”

According to TipRanks.com, Colicchio is a 3-star analyst with an average return of 6.1% and a 50.0% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Convergys Corp.

Currently, the analyst consensus on Asure is Strong Buy and the average price target is $20, representing a 23.6% upside.

In a report issued on April 23, Needham also initiated coverage with a Buy rating on the stock with a $20 price target.

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The company has a one-year high of $17.53 and a one-year low of $9.89. Currently, Asure has an average volume of 157.8K.

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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.