ValuEngine Upgrades Asure Software (ASUR) to “Hold”

Asure Software (NASDAQ:ASUR) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued on Wednesday, October 17th.

Other equities research analysts have also issued research reports about the stock. Zacks Investment Research raised shares of Asure Software from a “sell” rating to a “hold” rating in a research report on Monday, September 17th. Dougherty & Co assumed coverage on shares of Asure Software in a research report on Tuesday, August 28th. They set a “buy” rating and a $20.00 price target for the company. Barrington Research set a $25.00 price target on shares of Asure Software and gave the company a “buy” rating in a research report on Tuesday, July 31st. Finally, Canaccord Genuity upped their price target on shares of Asure Software from $21.00 to $22.00 and gave the company a “buy” rating in a research report on Tuesday, July 10th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $19.71.

Shares of ASUR stock traded down $3.29 during mid-day trading on Wednesday, reaching $7.75. 1,471,059 shares of the company’s stock traded hands, compared to its average volume of 229,296. The stock has a market cap of $172.32 million, a PE ratio of 17.22, a price-to-earnings-growth ratio of 0.74 and a beta of 1.10. Asure Software has a 12 month low of $7.50 and a 12 month high of $19.78. The company has a current ratio of 1.54, a quick ratio of 1.52 and a debt-to-equity ratio of 1.06.

Asure Software (NASDAQ:ASUR) last announced its quarterly earnings results on Friday, November 9th. The technology company reported $0.12 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.14 by ($0.02). The firm had revenue of $23.46 million during the quarter, compared to the consensus estimate of $24.75 million. Asure Software had a positive return on equity of 9.05% and a negative net margin of 11.85%. On average, sell-side analysts forecast that Asure Software will post 0.56 earnings per share for the current fiscal year.

Institutional investors have recently made changes to their positions in the company. Point72 Asset Management L.P. acquired a new position in Asure Software during the 2nd quarter worth about $798,000. Schwab Charles Investment Management Inc. acquired a new position in Asure Software during the 2nd quarter worth about $294,000. Perkins Capital Management Inc. acquired a new position in Asure Software during the 2nd quarter worth about $399,000. Raymond James & Associates acquired a new position in Asure Software during the 2nd quarter worth about $453,000. Finally, Renaissance Technologies LLC acquired a new position in Asure Software during the 2nd quarter worth about $2,247,000. 62.29% of the stock is currently owned by institutional investors and hedge funds.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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