Asure Software (NASDAQ:ASUR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a report released on Tuesday, January 9th. The firm presently has a $17.00 price target on the technology company’s stock. Zacks Investment Research‘s target price would suggest a potential upside of 8.07% from the company’s previous close.
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. “
Other analysts also recently issued reports about the company. Craig Hallum initiated coverage on Asure Software in a research report on Monday, December 4th. They set a “buy” rating for the company. Northland Securities set a $19.00 price objective on Asure Software and gave the company a “buy” rating in a report on Wednesday, January 3rd. Dougherty & Co restated a “buy” rating on shares of Asure Software in a report on Monday, November 20th. Cowen boosted their target price on shares of Asure Software from $17.00 to $20.00 and gave the stock an “outperform” rating in a report on Tuesday, December 19th. Finally, Canaccord Genuity reiterated a “buy” rating and issued a $20.00 target price on shares of Asure Software in a report on Tuesday, January 2nd. Two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $17.63.
Asure Software (ASUR) traded up $0.67 during mid-day trading on Tuesday, hitting $15.73. 293,715 shares of the company were exchanged, compared to its average volume of 132,741. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.37 and a current ratio of 1.39. The stock has a market capitalization of $195.39, a price-to-earnings ratio of -40.33, a PEG ratio of 0.75 and a beta of 1.21. Asure Software has a 1 year low of $9.47 and a 1 year high of $17.27.
Asure Software (NASDAQ:ASUR) last posted its quarterly earnings data on Monday, November 13th. The technology company reported $0.14 EPS for the quarter, hitting the consensus estimate of $0.14. Asure Software had a negative net margin of 8.28% and a positive return on equity of 6.96%. research analysts anticipate that Asure Software will post 0.47 EPS for the current fiscal year.
A number of large investors have recently made changes to their positions in ASUR. Cambridge Investment Research Advisors Inc. acquired a new position in Asure Software in the 3rd quarter valued at $135,000. Northern Trust Corp raised its stake in Asure Software by 37.8% in the 2nd quarter. Northern Trust Corp now owns 24,419 shares of the technology company’s stock valued at $357,000 after purchasing an additional 6,692 shares during the last quarter. Monarch Partners Asset Management LLC grew its holdings in Asure Software by 161.7% in the 3rd quarter. Monarch Partners Asset Management LLC now owns 43,490 shares of the technology company’s stock valued at $540,000 after buying an additional 26,870 shares in the last quarter. Navellier & Associates Inc grew its holdings in Asure Software by 13.1% in the 2nd quarter. Navellier & Associates Inc now owns 49,953 shares of the technology company’s stock valued at $730,000 after buying an additional 5,775 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Asure Software by 12.6% in the 2nd quarter. Wells Fargo & Company MN now owns 57,470 shares of the technology company’s stock valued at $840,000 after buying an additional 6,435 shares in the last quarter. 46.61% of the stock is owned by institutional investors.
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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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