Asure Software (ASUR) – Recent Investment Analyst Rating Changes


Asure Software (NASDAQ: ASUR) recently received a number of price target changes and ratings updates:

  • 06/06/2022 – Asure Software is now covered by analysts at StockNews.com. They have placed a “holding” rating on the stock.
  • 05/29/2022 – Asure Software is now covered by analysts at StockNews.com. They have placed a “holding” rating on the stock.
  • 05/21/2022 – Asure Software is now covered by analysts at StockNews.com. They have placed a “holding” rating on the stock.
  • 05/17/2022 – Asure software has been updated by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a price target of $6.75 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 allow organizations to manage their office environment, as well as their human resources 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, payslips and W2 documentation, expense management, meetings and events and asset tracking. The company offers easy-to-use, easy-to-deploy software products that serve small and medium-sized businesses and divisions of Fortune and Global 1000 companies. It is focused on developing products that deliver enterprise-class productivity enhancements at an affordable price. , so organizations of all sizes can reap the benefits of its solutions. “
  • 05/13/2022 – Asure Software is now covered by analysts at StockNews.com. They have placed a “holding” rating on the stock.
  • 5/5/2022 – Asure Software is now covered by analysts at StockNews.com. They have placed a “holding” rating on the stock.
  • 04/27/2022 – Asure Software is now covered by analysts at StockNews.com. They have placed a “holding” rating on the stock.
  • 04/19/2022 – Asure Software is now covered by analysts at StockNews.com. They have placed a “holding” rating on the stock.
  • 04/14/2022 – Asure Software has been downgraded by TheStreet analysts from a “c-” rating to a “d+” rating.
  • 04/11/2022 – Asure Software is now covered by analysts at StockNews.com. They have placed a “holding” rating on the stock.

Shares of Asure Software Stock traded at $0.03 on Monday, reaching $5.98. 1 shares of the company traded in hands, compared to its average volume of 40,317. The company has a 50-day moving average price of $6.03 and a 200-day moving average price of $6.94. The company has a quick ratio of 1.06, a current ratio of 1.06 and a leverage ratio of 0.22. Asure Software, Inc. has a 12-month minimum of $5.50 and a 12-month maximum of $9.94. The company has a market capitalization of $120.03 million, a PE ratio of 54.37 and a beta of 0.96.

Asure Software (NASDAQ:ASURGet a rating) last released its quarterly results on Monday, May 9. The technology company reported EPS of $0.11 for the quarter, beating the consensus estimate of $0.06 by $0.05. Asure Software had a net margin of 2.20% and a negative return on equity of 0.42%. The company posted revenue of $24.33 million for the quarter, versus $23.60 million expected by analysts. During the same period of the previous year, the company posted EPS of $0.09. Equity research analysts expect Asure Software, Inc. to post -0.11 EPS for the current year.

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in shares of Asure Software by 48.0% in Q1. Vanguard Group Inc. now owns 1,762,073 shares of the technology company valued at $10,484,000 after buying an additional 571,201 shares in the last quarter. Invenire Partners LP acquired a new equity stake in Asure Software in Q4 valued at $2,153,000. Private Capital Management LLC increased its stake in Asure Software shares by 10.2% in Q1. Private Capital Management LLC now owns 2,554,153 shares of the technology company valued at $15,197,000 after buying 236,468 additional shares in the last quarter. Russell Investments Group Ltd. acquired a new equity stake in Asure Software in Q4 worth $1,210,000. Finally, Archon Capital Management LLC increased its stake in Asure Software shares by 8.0% in the 4th quarter. Archon Capital Management LLC now owns 1,354,693 shares of the technology company valued at $10,607,000 after buying an additional 100,000 shares in the last quarter. Institutional investors and hedge funds hold 64.47% of the company’s shares.

Asure Software, Inc provides cloud-based human capital management solutions in the United States. It helps various small and medium enterprises to build productive teams to help them stay compliant and allocate resources to grow their business. The company’s solutions include Asure Payroll & Tax, an integrated cloud-based solution that automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, direct deposits, and the Fair Labor Standards Act, as well as federal, state, and local payroll taxes; Asure (Human Resources) HR, a cloud-based feature that handles HR complexities, such as employee self-service that gives employees access to company information, payroll history, and documents company ; and Asure Time & Attendance which provides cost savings and ROI gains in the form of strategic use of labor dollars and elimination of time theft.

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