Needham analyst Ryan MacDonald reiterated a Buy rating on Asure (ASUR) today and set a price target of $9.00. The company’s shares closed last Monday at $7.20.
According to TipRanks.com, MacDonald is a top 100 analyst with an average return of 35.1% and a 75.9% success rate. MacDonald covers the Technology sector, focusing on stocks such as Coupa Software, Verint Systems, and ChannelAdvisor.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Asure with a $10.25 average price target.
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Based on Asure’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $14.12 million and GAAP net loss of $3.94 million. In comparison, last year the company earned revenue of $17.27 million and had a GAAP net loss of $4.97 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.