Zacks Investment Research downgraded shares of Asure Software (NASDAQ:ASUR) from a buy rating to a hold rating in a report released on Monday morning.
According to Zacks, “Asure Software Inc., formerly Forgent Networks, Inc., is a provider of Web-based workforce management solutions. It offers Web-based workforce management solutions that enable organizations to manage their office environment, as well as their human resource and payroll processes. The Company offers its workforce management solutions under two product lines: NetSimplicity and iEmployee. Asure’s suite includes products to optimize workforce time and attendance tracking, benefits enrollment and tracking, pay stubs and W2 documentation, expense management, meeting and event management, and asset tracking. The company delivers easy-to-use, easy-to-deploy software products that serve small and medium-sized organizations and divisions of Fortune and Global 1000 enterprises. It focuses on developing products that deliver enterprise-class productivity enhancements at an affordable price such that any size organization can enjoy the benefits of its solutions. “
ASUR has been the topic of a number of other reports. Canaccord Genuity restated a buy rating and issued a $18.00 price objective on shares of Asure Software in a report on Tuesday, October 17th. Northland Securities reiterated a buy rating and set a $18.00 price target on shares of Asure Software in a research note on Thursday, September 21st. Cowen lifted their price target on shares of Asure Software from $17.00 to $20.00 and gave the stock an outperform rating in a research note on Tuesday, December 19th. Dougherty & Co reiterated a buy rating and set a $18.00 price target (up from $17.00) on shares of Asure Software in a research note on Wednesday, January 3rd. Finally, Craig Hallum began coverage on shares of Asure Software in a research note on Monday, December 4th. They set a buy rating on the stock. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock currently has an average rating of Buy and a consensus target price of $17.63.
Shares of Asure Software (NASDAQ ASUR) remained flat at $$14.62 on Monday. 70,200 shares of the company’s stock traded hands, compared to its average volume of 136,671. Asure Software has a 52-week low of $9.47 and a 52-week high of $17.27. The firm has a market capitalization of $179.86, a price-to-earnings ratio of -37.49, a price-to-earnings-growth ratio of 0.76 and a beta of 1.21. The company has a current ratio of 1.39, a quick ratio of 1.37 and a debt-to-equity ratio of 1.04.
A number of large investors have recently made changes to their positions in ASUR. Cambridge Investment Research Advisors Inc. acquired a new stake in Asure Software during the 3rd quarter worth $135,000. Northern Trust Corp raised its stake in Asure Software by 37.8% during the 2nd quarter. Northern Trust Corp now owns 24,419 shares of the technology company’s stock worth $357,000 after acquiring an additional 6,692 shares in the last quarter. Monarch Partners Asset Management LLC raised its stake in Asure Software by 161.7% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 43,490 shares of the technology company’s stock worth $540,000 after acquiring an additional 26,870 shares in the last quarter. Navellier & Associates Inc raised its stake in Asure Software by 13.1% during the 2nd quarter. Navellier & Associates Inc now owns 49,953 shares of the technology company’s stock worth $730,000 after acquiring an additional 5,775 shares in the last quarter. Finally, Wells Fargo & Company MN raised its stake in Asure Software by 12.6% during the 2nd quarter. Wells Fargo & Company MN now owns 57,470 shares of the technology company’s stock worth $840,000 after acquiring an additional 6,435 shares in the last quarter. Hedge funds and other institutional investors own 46.61% of the company’s stock.
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About Asure Software
Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.
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