Barrington analyst Vincent Colicchio maintained a Buy rating on Asure (ASUR) today and set a price target of $15. The company’s shares closed yesterday at $5.93, close to its 52-week low of $4.26.
Colicchio observed:
“We are reducing our 2019 non-GAAP EPS forecast to $0.63 from $0.70, primarily due to our decision to exclude future acquisitions from our earnings model.”
According to TipRanks.com, Colicchio has 0 stars on 0-5 star ranking scale with an average return of -10.5% and a 27.3% success rate. Colicchio covers the Technology sector, focusing on stocks such as Sykes Enterprises Inc, Exlservice Holdings, and Computer Task.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Asure with a $13.83 average price target, implying a 133.2% upside from current levels. In a report released yesterday, Roth Capital also reiterated a Buy rating on the stock with a $15 price target.
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The company has a one-year high of $19.78 and a one-year low of $4.26. Currently, Asure has an average volume of 322.2K.
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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.
