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 Monday.
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. “
Several other brokerages have also issued reports on ASUR. ValuEngine raised shares of Asure Software from a sell rating to a hold rating in a research note on Wednesday, October 17th. Barrington Research reissued a buy rating and set a $25.00 target price on shares of Asure Software in a research note on Thursday, November 1st. Canaccord Genuity lowered their price objective on shares of Asure Software from $22.00 to $13.00 and set a buy rating on the stock in a report on Monday, November 12th. Needham & Company LLC lowered their price objective on shares of Asure Software from $20.00 to $12.00 and set a buy rating on the stock in a report on Monday, November 12th. Finally, Lake Street Capital set a $15.00 price objective on shares of Asure Software and gave the stock a buy rating in a report on Friday, November 9th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have given a buy rating to the stock. The stock presently has a consensus rating of Buy and a consensus target price of $13.38.
Shares of NASDAQ ASUR opened at $5.89 on Monday. The firm has a market cap of $86.98 million, a P/E ratio of 13.09, a P/E/G ratio of 0.30 and a beta of 0.98. Asure Software has a 12-month low of $4.26 and a 12-month high of $19.78. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.17 and a current ratio of 1.18.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Rhumbline Advisers acquired a new position in Asure Software during the fourth quarter worth $73,000. Verity Asset Management Inc. acquired a new position in Asure Software during the third quarter worth $228,000. Schwab Charles Investment Management Inc. purchased a new stake in shares of Asure Software in the second quarter valued at about $294,000. First Interstate Bank raised its holdings in shares of Asure Software by 402.7% in the fourth quarter. First Interstate Bank now owns 18,600 shares of the technology company’s stock valued at $94,000 after purchasing an additional 14,900 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new stake in shares of Asure Software in the third quarter valued at about $235,000. Hedge funds and other institutional investors own 61.25% of the company’s stock.
About Asure Software
Asure Software Inc provides cloud-based software-as-a-service time and labor management, and workspace management solutions worldwide. The company's product line includes AsureSpace workplace management solutions that enable organizations to manage their office environments and optimize real estate utilization; and AsureForce time and labor management solutions to help organizations optimize workforce, as well as control labor administration costs and activities.
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