Zacks Investment Research cut shares of Asure Software (NASDAQ:ASUR) from a buy rating to a hold rating in a research note released on Thursday, January 18th.
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 analysts also recently issued reports on ASUR. Northland Securities reaffirmed a buy rating and issued a $18.00 target price on shares of Asure Software in a research report on Thursday, September 21st. Craig Hallum assumed coverage on Asure Software in a research report on Monday, December 4th. They issued a buy rating on the stock. Canaccord Genuity reaffirmed a buy rating and issued a $20.00 target price on shares of Asure Software in a research report on Tuesday, January 2nd. Dougherty & Co reaffirmed a buy rating and issued a $18.00 target price (up previously from $17.00) on shares of Asure Software in a research report on Wednesday, January 3rd. Finally, Cowen lifted their target price on Asure Software from $17.00 to $20.00 and gave the company an outperform rating in a research report on Tuesday, December 19th. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of Buy and a consensus target price of $17.63.
Shares of Asure Software (ASUR) opened at $13.38 on Thursday. The company has a market capitalization of $166.32, a PE ratio of -34.31, a PEG ratio of 0.68 and a beta of 1.10. Asure Software has a twelve month low of $9.47 and a twelve month high of $17.27. The company has a quick ratio of 1.37, a current ratio of 1.39 and a debt-to-equity ratio of 1.04.
Asure Software (NASDAQ:ASUR) last issued its quarterly earnings results on Monday, November 13th. The technology company reported $0.14 EPS for the quarter, meeting analysts’ consensus estimates of $0.14. The company had revenue of $15.53 million for the quarter, compared to analyst estimates of $15.24 million. Asure Software had a positive return on equity of 6.96% and a negative net margin of 8.28%. sell-side analysts anticipate that Asure Software will post 0.47 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. Monashee Investment Management LLC acquired a new position in Asure Software during the fourth quarter worth approximately $151,000. Cambridge Investment Research Advisors Inc. acquired a new position in Asure Software during the third quarter worth approximately $135,000. Virtu Financial LLC acquired a new position in Asure Software during the fourth quarter worth approximately $231,000. Raymond James Financial Services Advisors Inc. acquired a new position in Asure Software during the fourth quarter worth approximately $321,000. Finally, Northern Trust Corp increased its position in Asure Software by 37.8% during the second 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. 46.98% of the stock is currently owned by hedge funds and other 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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