Zacks Investment Research cut shares of Asure Software (NASDAQ:ASUR) from a hold rating to a sell rating in a report released on Monday morning.

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 have also recently issued reports on ASUR. Cowen began coverage on shares of Asure Software in a research note on Wednesday, September 6th. They issued an outperform rating and a $16.00 target price for the company. Dougherty & Co began coverage on shares of Asure Software in a research note on Tuesday, October 31st. They issued a buy rating and a $17.00 target price for the company. Canaccord Genuity reiterated a buy rating and issued a $18.00 target price on shares of Asure Software in a research note on Tuesday, October 17th. Scotiabank cut shares of Asure Software from an outperform rating to a sector perform rating in a research note on Thursday, September 7th. Finally, Northland Securities reiterated a buy rating and issued a $18.00 target price on shares of Asure Software in a research note on Thursday, September 21st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $16.57.

Shares of Asure Software (ASUR) opened at $14.91 on Monday. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.37 and a current ratio of 1.39. Asure Software has a 12 month low of $8.30 and a 12 month high of $17.27. The company has a market cap of $177.03, a P/E ratio of 54.62, a price-to-earnings-growth ratio of 1.09 and a beta of 1.17.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Northpointe Capital LLC lifted its stake in shares of Asure Software by 33.9% in the 3rd quarter. Northpointe Capital LLC now owns 544,418 shares of the technology company’s stock valued at $6,762,000 after purchasing an additional 137,769 shares during the period. Russell Investments Group Ltd. raised its position in Asure Software by 2.8% during the third quarter. Russell Investments Group Ltd. now owns 479,629 shares of the technology company’s stock worth $5,956,000 after acquiring an additional 13,279 shares during the period. Alyeska Investment Group L.P. raised its position in Asure Software by 548.1% during the third quarter. Alyeska Investment Group L.P. now owns 450,000 shares of the technology company’s stock worth $5,589,000 after acquiring an additional 380,570 shares during the period. Pacific Ridge Capital Partners LLC raised its position in Asure Software by 29.1% during the second quarter. Pacific Ridge Capital Partners LLC now owns 377,917 shares of the technology company’s stock worth $5,521,000 after acquiring an additional 85,140 shares during the period. Finally, Vanguard Group Inc. raised its position in Asure Software by 24.0% during the second quarter. Vanguard Group Inc. now owns 322,333 shares of the technology company’s stock worth $4,710,000 after acquiring an additional 62,418 shares during the period. Hedge funds and other institutional investors own 46.61% of the company’s stock.

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Asure Software Company Profile

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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