Asure Software (ASUR) Raised to “Hold” at Zacks Investment Research

Zacks Investment Research upgraded shares of Asure Software (NASDAQ:ASUR) from a sell rating to a hold rating in a research report sent to investors on Friday morning, Zacks.com reports.

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. “

A number of other equities analysts also recently weighed in on the stock. ValuEngine raised shares of Asure Software from a strong sell rating to a sell rating in a research note on Monday, February 4th. Barrington Research set a $15.00 price target on shares of Asure Software and gave the stock a buy rating in a research report on Thursday, March 7th. Finally, Canaccord Genuity reiterated a buy rating and set a $13.00 price target on shares of Asure Software in a research report on Friday, March 15th. One analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. The company has an average rating of Buy and a consensus target price of $13.38.

Shares of NASDAQ ASUR opened at $7.00 on Friday. Asure Software has a 1-year low of $4.26 and a 1-year high of $18.63. The stock has a market capitalization of $111.34 million, a price-to-earnings ratio of 16.28, a P/E/G ratio of 0.60 and a beta of 0.96. The company has a quick ratio of 1.06, a current ratio of 1.08 and a debt-to-equity ratio of 1.05.

Asure Software (NASDAQ:ASUR) last announced its earnings results on Thursday, May 9th. The technology company reported $0.18 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.09 by $0.09. Asure Software had a negative net margin of 8.83% and a positive return on equity of 7.47%. The company had revenue of $26.76 million during the quarter, compared to the consensus estimate of $26.04 million. On average, equities research analysts anticipate that Asure Software will post 0.44 earnings per share for the current year.

Several large investors have recently modified their holdings of the company. Pacific Ridge Capital Partners LLC raised its stake in shares of Asure Software by 48.3% during the 1st quarter. Pacific Ridge Capital Partners LLC now owns 796,356 shares of the technology company’s stock worth $4,866,000 after purchasing an additional 259,531 shares during the period. Royce & Associates LP bought a new stake in shares of Asure Software during the 1st quarter worth $2,344,000. Parametric Portfolio Associates LLC raised its stake in shares of Asure Software by 9.8% during the 1st quarter. Parametric Portfolio Associates LLC now owns 103,385 shares of the technology company’s stock worth $632,000 after purchasing an additional 9,208 shares during the period. First Interstate Bank raised its stake in shares of Asure Software by 28.5% during the 1st quarter. First Interstate Bank now owns 23,900 shares of the technology company’s stock worth $146,000 after purchasing an additional 5,300 shares during the period. Finally, Algert Global LLC bought a new stake in shares of Asure Software during the 1st quarter worth $127,000. Institutional investors own 53.00% of the company’s stock.

Asure Software Company Profile

Asure Software, Inc provides cloud-based human capital management and workspace management solutions worldwide. Its product line includes AsureSpace workspace management solutions that enable organizations to optimize their real estate investment, and create a digital workspace that empowers mobile and virtual employees; and AsureForce time and labor management solutions to help organizations optimize their workforce, as well as control labor administration costs and activities.

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