In the latest quarter, 5 analysts provided ratings for Asure Software (NASDAQ:ASUR), showcasing a mix of bullish and bearish perspectives.
The table below offers a condensed view of their recent ratings, showcasing the changing sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 3 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 2 | 0 | 0 | 0 |
| 2M Ago | 0 | 0 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $16.2, a high estimate of $20.00, and a low estimate of $10.00. This upward trend is evident, with the current average reflecting a 5.68% increase from the previous average price target of $15.33.
Deciphering Analyst Ratings: An In-Depth Analysis
The standing of Asure Software among financial experts becomes clear with a thorough analysis of recent analyst actions. The summary below outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Bryan Bergin | TD Cowen | Lowers | Buy | $10.00 | $12.00 |
| Joshua Reilly | Needham | Maintains | Buy | $20.00 | - |
| Vincent Colicchio | Barrington Research | Maintains | Outperform | $17.00 | $17.00 |
| Vincent Colicchio | Barrington Research | Maintains | Outperform | $17.00 | $17.00 |
| Vincent Colicchio | Barrington Research | Maintains | Outperform | $17.00 | - |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Asure Software. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering a comprehensive view, analysts assess stocks qualitatively, spanning from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Asure Software compared to the broader market.
- Price Targets: Delving into movements, analysts provide estimates for the future value of Asure Software's stock. This analysis reveals shifts in analysts' expectations over time.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Asure Software's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
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About Asure Software
Asure Software Inc is a provider of cloud-based Human Capital Management (HCM) solutions delivered as Software-as-a-Service (SaaS). It facilitates small and mid-sized businesses (SMBs) to develop their Human Capital to get to the next level, stay compliant, and allocate their time, money and technology toward growth. The company's HCM suite, named AsureHCM, includes cloud-based Payroll and Tax, HR, a Time and Attendance software. Its HR services range from HR projects to outsourcing payroll to HR consulting services. The firm sells its HCM products majorly in the United States.
Financial Insights: Asure Software
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Asure Software's revenue growth over a period of 3 months has faced challenges. As of 31 December, 2023, the company experienced a revenue decline of approximately -10.34%. This indicates a decrease in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Industrials sector.
Net Margin: Asure Software's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -13.64%, the company may encounter challenges in effective cost control.
Return on Equity (ROE): Asure Software's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -1.87%, the company may encounter challenges in delivering satisfactory returns for shareholders.
Return on Assets (ROA): Asure Software's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -0.85%, the company may encounter challenges in delivering satisfactory returns from its assets.
Debt Management: Asure Software's debt-to-equity ratio is below the industry average at 0.05, reflecting a lower dependency on debt financing and a more conservative financial approach.
How Are Analyst Ratings Determined?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.