Barrington Thinks Asure’s Stock is Going to Recover


Barrington analyst Vincent Colicchio maintained a Buy rating on Asure (ASUR) today and set a price target of $20. The company’s shares opened today at $7.76, close to its 52-week low of $7.26.

Colicchio wrote:

“We are reducing our 2018 and 2019 non-GAAP EPS forecasts to $0.55 and $0.70 from $0.68 and $0.90, respectively.”

According to TipRanks.com, Colicchio is a 1-star analyst with an average return of -3.4% and a 37.0% 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 Strong Buy, with a price target consensus of $16.80, which is an 116.5% upside from current levels. In a report issued on November 9, Canaccord Genuity also maintained a Buy rating on the stock with a $13 price target.

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The company has a one-year high of $19.78 and a one-year low of $7.26. Currently, Asure has an average volume of 254.9K.

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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.

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