Asure Software price target lowered to $12.50 from $16 at Northland

Northland lowered the firm’s price target on Asure Software (ASUR) to $12.50 from $16 and keeps an Outperform rating on the shares after the company reported Q3 results that missed the firm’s and consensus estimates, primarily driven by slower implementation cycles with its signed enterprise tax deals, which the firm expected to support a pickup in organic growth in the back half. 2025 guidance was “set a touch below our previous revenue expectations,” while suggesting margin upside relative to the firm’s estimate, notes the firm, which is taking “a more cautious stance on valuation” following the organic growth miss.