Barrington analyst Vincent Colicchio maintained a Buy rating on Asure (ASUR – Research Report) today and set a price target of $17.00.
Vincent Colicchio has given his Buy rating due to a combination of factors that highlight Asure’s strong financial performance and growth potential. The company reported first-quarter revenue that exceeded both Barrington’s and FactSet’s forecasts, with a notable year-over-year increase in recurring revenue. This growth was largely driven by the expansion of payroll, benefits, and tax management solutions, as well as the Asure Marketplace.
Additionally, Asure’s bookings and sales backlog have shown significant year-over-year growth, suggesting robust organic growth prospects for 2025. The company’s management has maintained its optimistic financial guidance for 2025, and Colicchio has kept the non-GAAP EPS forecasts for 2025 and 2026 unchanged. With a 12-month price target set at $17, representing a 73% upside, Colicchio’s recommendation reflects confidence in Asure’s ability to achieve its financial goals and deliver value to shareholders.
In another report released today, Lake Street also reiterated a Buy rating on the stock with a $13.00 price target.
Based on the recent corporate insider activity of 26 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ASUR in relation to earlier this year.