Zacks Investment Research upgraded shares of Asure Software (NASDAQ:ASUR) from a sell rating to a hold rating in a research report report published on Friday.
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 analysts have also issued research reports about the stock. Barrington Research set a $20.00 price objective on shares of Asure Software and gave the company a buy rating in a research report on Thursday, March 29th. Northland Securities set a $19.00 price objective on shares of Asure Software and gave the company a buy rating in a research report on Wednesday, January 3rd. Canaccord Genuity restated a buy rating and set a $20.00 price objective on shares of Asure Software in a research report on Tuesday, January 2nd. Dougherty & Co restated a buy rating and set a $18.00 price objective (up previously from $17.00) on shares of Asure Software in a research report on Wednesday, January 3rd. Finally, Cowen raised their price objective on shares of Asure Software from $17.00 to $20.00 and gave the company an outperform rating in a research report on Tuesday, December 19th. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Asure Software currently has a consensus rating of Buy and a consensus target price of $18.50.
Shares of ASUR opened at $14.09 on Friday. The stock has a market capitalization of $177.31, a P/E ratio of 31.31, a P/E/G ratio of 0.71 and a beta of 1.23. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.24 and a quick ratio of 1.24. Asure Software has a 52-week low of $9.47 and a 52-week high of $17.53.
Several large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. boosted its position in shares of Asure Software by 2.8% during the 3rd quarter. Russell Investments Group Ltd. now owns 479,629 shares of the technology company’s stock valued at $5,956,000 after purchasing an additional 13,279 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its holdings in shares of Asure Software by 29.0% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 477,097 shares of the technology company’s stock worth $6,737,000 after buying an additional 107,320 shares during the period. Driehaus Capital Management LLC acquired a new position in shares of Asure Software in the fourth quarter worth about $6,564,000. Alyeska Investment Group L.P. boosted its holdings in shares of 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 worth $5,589,000 after buying an additional 380,570 shares during the period. Finally, Unterberg Capital LLC boosted its holdings in shares of Asure Software by 6.7% in the fourth quarter. Unterberg Capital LLC now owns 320,000 shares of the technology company’s stock worth $4,518,000 after buying an additional 20,000 shares during the period. Institutional investors own 52.02% 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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