Asure Software (ASUR) Rating Increased to Hold at Zacks Investment Research

Asure Software (NASDAQ:ASUR) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report issued 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. “

Other analysts have also issued reports about the company. Barrington Research restated a “buy” rating and issued a $25.00 target price on shares of Asure Software in a research note on Thursday, November 1st. Craig Hallum lowered their target price on Asure Software from $21.00 to $11.00 and set a “buy” rating for the company in a research note on Monday, November 12th. Canaccord Genuity lowered their target price on Asure Software from $22.00 to $13.00 and set a “buy” rating for the company in a research note on Monday, November 12th. ValuEngine upgraded Asure Software from a “sell” rating to a “hold” rating in a research note on Wednesday, October 17th. Finally, TheStreet lowered Asure Software from a “c-” rating to a “d+” rating in a research note on Tuesday, December 11th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $13.38.

Shares of NASDAQ:ASUR traded down $0.02 during midday trading on Monday, reaching $5.80. The company’s stock had a trading volume of 73,465 shares, compared to its average volume of 197,095. Asure Software has a fifty-two week low of $4.26 and a fifty-two week high of $19.78. The firm has a market cap of $87.30 million, a PE ratio of 12.89, a price-to-earnings-growth ratio of 0.30 and a beta of 0.98. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.17 and a current ratio of 1.18.

Asure Software (NASDAQ:ASUR) last announced its earnings results on Friday, November 9th. The technology company reported $0.12 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). Asure Software had a negative net margin of 13.56% and a positive return on equity of 8.21%. The business had revenue of $23.46 million during the quarter, compared to analyst estimates of $24.75 million. On average, analysts anticipate that Asure Software will post 0.46 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of the stock. Prescott Group Capital Management L.L.C. bought a new position in Asure Software in the fourth quarter valued at about $1,524,000. Bank of New York Mellon Corp boosted its holdings in Asure Software by 48.9% during the fourth quarter. Bank of New York Mellon Corp now owns 51,282 shares of the technology company’s stock worth $260,000 after buying an additional 16,846 shares during the last quarter. Cambridge Investment Research Advisors Inc. boosted its holdings in Asure Software by 15.8% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 22,000 shares of the technology company’s stock worth $112,000 after buying an additional 3,000 shares during the last quarter. Rhumbline Advisers bought a new position in Asure Software during the fourth quarter worth about $73,000. Finally, First Interstate Bank boosted its holdings in Asure Software by 402.7% during the fourth quarter. First Interstate Bank now owns 18,600 shares of the technology company’s stock worth $94,000 after buying an additional 14,900 shares during the last quarter. Institutional investors and hedge funds own 61.25% of the company’s stock.

Asure Software Company Profile

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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