Asure (ASUR) Received its Third Buy in a Row

By Jason Carr

After Needham and Northland Securities gave Asure (NASDAQ: ASUR) a Buy rating last month, the company received another Buy, this time from Barrington. Analyst Vincent Colicchio maintained a Buy rating on Asure today and set a price target of $15.00. The company’s shares closed last Monday at $9.03.

According to, Colicchio is a 3-star analyst with an average return of 1.5% and a 59.7% success rate. Colicchio covers the Technology sector, focusing on stocks such as Exlservice Holdings, Sykes Enterprises, and Computer Task.

Currently, the analyst consensus on Asure is a Strong Buy with an average price target of $12.00.

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Based on Asure’s latest earnings release for the quarter ending June 30, the company reported a quarterly GAAP net loss of $4.97 million. In comparison, last year the company had a GAAP net loss of $3.58 million.

Based on the recent corporate insider activity of 8 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of ASUR in relation to earlier this year.

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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.