Fly News Breaks for November 12, 2019
Nov 12, 2019 | 05:50 EDT
Needham analyst Ryan MacDonald reiterates a Buy rating on Asure Software after taking over coverage of the name and lowered his price target for the shares to $11 from $12. While the shares are trading off following a lower than expected initial guide for fiscal 2020, this is the result of a longer than expected impact of Asure bearing the full cost of shared overhead associated with the Workspace business, combined with expected incremental investment to drive organic growth, MacDonald tells investors in a post-earnings research note. He views the shared overhead burden as temporary in nature and believes the company's human capitla management business can support 20%-plus EBITDA margins.
News For ASUR From the Last 2 Days
There are no results for your query ASUR