Asure Software Inc. (ASUR) Upgraded by Zacks Investment Research to “Strong-Buy”
Zacks Investment Research upgraded shares of Asure Software Inc. (NASDAQ:ASUR) from a hold rating to a strong-buy rating in a research report report published on Wednesday. Zacks Investment Research currently has $8.75 price target on the stock.
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. “
ASUR has been the topic of several other reports. Roth Capital initiated coverage on Asure Software in a research report on Friday, October 21st. They issued a buy rating and a $12.00 price target on the stock. Lake Street Capital assumed coverage on Asure Software in a research report on Monday, October 17th. They issued a buy rating and a $10.00 price target on the stock. Wunderlich assumed coverage on Asure Software in a research report on Friday, October 28th. They set a buy rating and a $12.00 price objective on the stock. TheStreet upgraded Asure Software from a sell rating to a hold rating in a research report on Tuesday, September 27th. Finally, Barrington Research boosted their price objective on Asure Software from $8.00 to $10.00 and gave the company an outperform rating in a research report on Tuesday, November 1st. One analyst has rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has an average rating of Buy and an average target price of $9.96.
Asure Software (NASDAQ:ASUR) traded up 3.29% during midday trading on Wednesday, reaching $8.16. The company’s stock had a trading volume of 26,708 shares. Asure Software has a 1-year low of $4.28 and a 1-year high of $8.17. The firm has a 50 day moving average price of $6.79 and a 200 day moving average price of $5.51. The firm’s market capitalization is $53.42 billion.
Asure Software (NASDAQ:ASUR) last issued its quarterly earnings results on Monday, November 14th. The company reported $0.10 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The company had revenue of $9.40 million for the quarter, compared to the consensus estimate of $9.58 million. Asure Software had a positive return on equity of 14.97% and a negative net margin of 5.82%. On average, analysts predict that Asure Software will post $0.21 EPS for the current year.
In other Asure Software news, CEO Patrick Goepel acquired 50,000 shares of Asure Software stock in a transaction on Friday, September 2nd. The shares were bought at an average price of $5.29 per share, with a total value of $264,500.00. Following the completion of the purchase, the chief executive officer now owns 650,097 shares in the company, valued at $3,439,013.13. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 27.00% of the stock is owned by corporate insiders.
A hedge fund recently raised its stake in Asure Software stock. Vanguard Group Inc. raised its position in Asure Software Inc. (NASDAQ:ASUR) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 82,997 shares of the company’s stock after buying an additional 373 shares during the period. Vanguard Group Inc. owned about 1.32% of Asure Software worth $391,000 at the end of the most recent reporting period. 21.40% of the stock is owned by institutional investors and hedge funds.
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.
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