In a report released today, Vincent Colicchio from Barrington maintained a Buy rating on Asure (ASUR), with a price target of $15. The company’s shares closed yesterday at $6.27, close to its 52-week low of $4.26.
Colicchio wrote:
“We are maintaining our 2019 non-GAAP EPS forecast of $0.63 and introducing our initial 2020 non-GAAP EPS forecast of $0.74.”
According to TipRanks.com, Colicchio is currently ranked with no stars on a 0-5 star ranking scale, with an average return of -5.4% and a 50.6% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Computer Task.
Asure has an analyst consensus of Moderate Buy, with a price target consensus of $15.
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Based on Asure’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $3.58 million. In comparison, last year the company had a GAAP net loss of $1.55 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.
