Asure Software (NASDAQ:ASUR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report released on Monday, January 8th.
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 equities research analysts have also recently issued research reports about the company. Craig Hallum initiated coverage on Asure Software in a research note on Monday, December 4th. They set a “buy” rating on the stock. Dougherty & Co reiterated a “buy” rating on shares of Asure Software in a research note on Monday, November 20th. Canaccord Genuity restated a “buy” rating and issued a $18.00 price target on shares of Asure Software in a research note on Tuesday, October 17th. Northland Securities restated a “buy” rating and issued a $18.00 price target on shares of Asure Software in a research note on Thursday, September 21st. Finally, Cowen increased their price target on Asure Software from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Tuesday, December 19th. 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 an average price target of $17.63.
Asure Software (NASDAQ ASUR) opened at $14.36 on Monday. The stock has a market capitalization of $189.50 and a P/E ratio of -37.79. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.39 and a quick ratio of 1.37. Asure Software has a 12-month low of $9.47 and a 12-month high of $17.27.
Asure Software (NASDAQ:ASUR) last released its earnings results on Monday, November 13th. The technology company reported $0.14 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. The firm had revenue of $15.53 million for the quarter, compared to analysts’ expectations of $15.24 million. Asure Software had a positive return on equity of 6.96% and a negative net margin of 8.28%. research analysts anticipate that Asure Software will post 0.47 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Alyeska Investment Group L.P. boosted its stake in Asure Software by 548.1% in the third quarter. Alyeska Investment Group L.P. now owns 450,000 shares of the technology company’s stock valued at $5,589,000 after buying an additional 380,570 shares in the last quarter. Prudential PLC acquired a new stake in Asure Software in the second quarter valued at about $3,287,000. AWM Investment Company Inc. acquired a new stake in Asure Software in the second quarter valued at about $2,595,000. Northpointe Capital LLC boosted its stake in Asure Software by 33.9% in the third quarter. Northpointe Capital LLC now owns 544,418 shares of the technology company’s stock valued at $6,762,000 after buying an additional 137,769 shares in the last quarter. Finally, Argent Capital Management LLC acquired a new stake in Asure Software in the third quarter valued at about $1,691,000. 46.31% of the stock is currently owned by institutional investors.
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Asure Software Company Profile
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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