Asure Software (ASUR) Rating Lowered to Sell at Zacks Investment Research

Asure Software (NASDAQ:ASUR) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors 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 research firms also recently weighed in on ASUR. Dougherty & Co reiterated a “buy” rating on shares of Asure Software in a research note on Monday, November 20th. Craig Hallum assumed coverage on Asure Software in a research note on Monday, December 4th. They set a “buy” rating on the stock. Canaccord Genuity reiterated a “buy” rating and set a $18.00 price target on shares of Asure Software in a research note on Tuesday, October 17th. Scotiabank downgraded Asure Software from an “outperform” rating to a “sector perform” rating in a research note on Thursday, September 7th. Finally, Cowen assumed coverage on Asure Software in a research note on Wednesday, September 6th. They set an “outperform” rating and a $16.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have assigned a buy rating to the stock. Asure Software presently has an average rating of “Buy” and a consensus target price of $16.57.

Shares of Asure Software (NASDAQ:ASUR) traded up $0.18 during trading hours on Monday, reaching $14.20. The company had a trading volume of 120,200 shares, compared to its average volume of 135,217. Asure Software has a 12 month low of $8.30 and a 12 month high of $17.27. The firm has a market cap of $177.03, a price-to-earnings ratio of 54.62, a P/E/G ratio of 1.07 and a beta of 1.17. The company has a quick ratio of 1.37, a current ratio of 1.39 and a debt-to-equity ratio of 1.04.

Institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. purchased a new stake in Asure Software during the 3rd quarter valued at about $135,000. Northern Trust Corp boosted its stake in shares of Asure Software by 37.8% in the second quarter. Northern Trust Corp now owns 24,419 shares of the technology company’s stock worth $357,000 after buying an additional 6,692 shares during the last quarter. Monarch Partners Asset Management LLC boosted its stake in shares of Asure Software by 161.7% in the third quarter. Monarch Partners Asset Management LLC now owns 43,490 shares of the technology company’s stock worth $540,000 after buying an additional 26,870 shares during the last quarter. Navellier & Associates Inc boosted its stake in shares of Asure Software by 13.1% in the second quarter. Navellier & Associates Inc now owns 49,953 shares of the technology company’s stock worth $730,000 after buying an additional 5,775 shares during the last quarter. Finally, Dimensional Fund Advisors LP purchased a new stake in shares of Asure Software in the first quarter worth about $519,000. Institutional investors and hedge funds own 46.61% of the company’s stock.

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About Asure Software

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.

Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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