Asure Software (NASDAQ:ASUR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued on Tuesday, January 9th. The firm presently has a $17.00 target price on the technology company’s stock. Zacks Investment Research‘s target price suggests a potential upside of 18.38% 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. “
A number of other research firms have also weighed in on ASUR. Dougherty & Co reissued a “buy” rating and issued a $18.00 target price (up previously from $17.00) on shares of Asure Software in a research note on Wednesday, January 3rd. Cowen boosted their target price on Asure Software from $17.00 to $20.00 and gave the company an “outperform” rating in a research note on Tuesday, December 19th. Northland Securities set a $19.00 price target on Asure Software and gave the company a “buy” rating in a research report on Wednesday, January 3rd. Canaccord Genuity reaffirmed a “buy” rating and set a $20.00 price target on shares of Asure Software in a research report on Tuesday, January 2nd. Finally, Craig Hallum began coverage on Asure Software in a research report on Monday, December 4th. They set a “buy” rating for the company. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Asure Software presently has an average rating of “Buy” and a consensus target price of $17.63.
Shares of Asure Software (NASDAQ:ASUR) opened at $14.36 on Tuesday. Asure Software has a 52 week low of $9.47 and a 52 week high of $17.27. 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 $179.03, a PE ratio of 55.23, a price-to-earnings-growth ratio of 0.73 and a beta of 1.07.
Asure Software (NASDAQ:ASUR) last released its earnings results on Monday, November 13th. The technology company reported $0.14 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.14. Asure Software had a positive return on equity of 6.96% and a negative net margin of 8.28%. The company had revenue of $15.53 million during the quarter, compared to analyst estimates of $15.24 million. sell-side analysts forecast that Asure Software will post 0.47 EPS for the current year.
Several hedge funds have recently bought and sold shares of ASUR. Wells Fargo & Company MN grew its holdings in shares of 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 during the period. Northern Trust Corp grew its stake in shares of Asure Software by 37.8% in the 2nd quarter. Northern Trust Corp now owns 24,419 shares of the technology company’s stock worth $357,000 after buying an additional 6,692 shares during the last quarter. Vanguard Group Inc. grew its stake in shares of Asure Software by 24.0% in the 2nd quarter. Vanguard Group Inc. now owns 322,333 shares of the technology company’s stock worth $4,710,000 after buying an additional 62,418 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Asure Software by 137.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 119,896 shares of the technology company’s stock worth $1,752,000 after buying an additional 69,434 shares during the last quarter. Finally, Precept Management LLC purchased a new stake in shares of Asure Software in the 2nd quarter worth approximately $1,096,000. Hedge funds and other institutional investors own 46.31% 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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