Asure Software (NASDAQ:ASUR) Raised to “Buy” at Zacks Investment Research

Asure Software (NASDAQ:ASUR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, January 9th. The brokerage presently has a $17.00 price target on the technology company’s stock. Zacks Investment Research‘s price target would indicate a potential upside of 14.25% from the stock’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. “

ASUR has been the topic of several other reports. Canaccord Genuity reiterated a “buy” rating and set a $18.00 target price on shares of Asure Software in a research report on Tuesday, October 17th. Northland Securities reiterated a “buy” rating and set a $18.00 target price on shares of Asure Software in a research report on Thursday, September 21st. 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. Dougherty & Co reiterated a “buy” rating and set a $18.00 target price (up from $17.00) on shares of Asure Software in a research report on Wednesday, January 3rd. Finally, Craig Hallum initiated coverage on Asure Software in a research report on Monday, December 4th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $17.63.

Asure Software (ASUR) traded up $0.06 during midday trading on Tuesday, reaching $14.88. The company had a trading volume of 99,947 shares, compared to its average volume of 135,595. The stock has a market capitalization of $184.83, a P/E ratio of -38.15, a PEG ratio of 0.75 and a beta of 1.21. 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 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 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.14. 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 earnings per share for the current fiscal year.

A number of large investors have recently bought and sold shares of the business. Northpointe Capital LLC raised its holdings in Asure Software by 33.9% during the third quarter. Northpointe Capital LLC now owns 544,418 shares of the technology company’s stock valued at $6,762,000 after acquiring an additional 137,769 shares during the period. Russell Investments Group Ltd. increased its holdings in shares of Asure Software by 2.8% in the third quarter. Russell Investments Group Ltd. now owns 479,629 shares of the technology company’s stock worth $5,956,000 after purchasing an additional 13,279 shares during the last quarter. Alyeska Investment Group L.P. increased 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 purchasing an additional 380,570 shares during the last quarter. Vanguard Group Inc. increased its holdings in shares of Asure Software by 24.0% in the second quarter. Vanguard Group Inc. now owns 322,333 shares of the technology company’s stock worth $4,710,000 after purchasing an additional 62,418 shares during the last quarter. Finally, Unterberg Capital LLC increased its holdings in shares of Asure Software by 50.0% in the third quarter. Unterberg Capital LLC now owns 300,000 shares of the technology company’s stock worth $3,726,000 after purchasing an additional 100,000 shares during the last quarter. 46.61% of the stock is currently owned by institutional investors and hedge funds.

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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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