Needham Remains a Buy on Asure (ASUR)

By Austin Angelo

In a report released today, Scott Berg from Needham maintained a Buy rating on Asure (ASURResearch Report), with a price target of $12.00. The company’s shares closed last Monday at $8.79.

According to TipRanks.com, Berg is a 5-star analyst with an average return of 15.3% and a 63.9% success rate. Berg covers the Technology sector, focusing on stocks such as Tyler Technologies, Upland Software, and Instructure Inc.

Asure has an analyst consensus of Strong Buy, with a price target consensus of $12.00, representing a 40.2% upside. In a report issued on October 9, Barrington also initiated coverage with a Buy rating on the stock with a $15.00 price target.

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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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.