Needham analyst Ryan MacDonald reiterated a Buy rating on Asure (ASUR) today and set a price target of $8.00. The company’s shares closed last Monday at $5.38, close to its 52-week low of $5.11.
According to TipRanks.com, MacDonald is a 2-star analyst with an average return of -0.1% and a 39.8% success rate. MacDonald covers the Technology sector, focusing on stocks such as Verint Systems, ChannelAdvisor, and Coupa Software.
Asure has an analyst consensus of Moderate Buy, with a price target consensus of $11.50.
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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 $3.36 million. In comparison, last year the company had a net profit of $1.73 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.
