Asure Software (ASUR) Stock Rating Upgraded by Zacks Investment Research
Zacks Investment Research upgraded shares of Asure Software (NASDAQ:ASUR) from a hold rating to a buy rating in a research note published on Tuesday morning. The firm currently has $17.00 target price on the technology company’s 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. “
Other research analysts have also issued research reports about the stock. Craig Hallum started coverage on shares of Asure Software in a research note on Monday, December 4th. They issued a buy rating on the stock. Dougherty & Co reiterated a buy rating on shares of Asure Software in a research note on Monday, November 20th. Canaccord Genuity reiterated a buy rating and issued a $18.00 price objective on shares of Asure Software in a research note on Tuesday, October 17th. Northland Securities reiterated a buy rating and issued a $18.00 price objective on shares of Asure Software in a research note on Thursday, September 21st. Finally, Cowen upped their price objective on shares of Asure Software from $17.00 to $20.00 and gave the company an outperform rating in a research note on Tuesday, December 19th. One investment analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of Buy and an average price target of $17.63.
Several institutional investors and hedge funds have recently made changes to their positions in ASUR. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Asure Software during the 3rd quarter worth $135,000. Northern Trust Corp increased its stake in shares of Asure Software by 37.8% during the 2nd quarter. Northern Trust Corp now owns 24,419 shares of the technology company’s stock worth $357,000 after purchasing an additional 6,692 shares during the last quarter. Monarch Partners Asset Management LLC increased its stake in shares of Asure Software by 161.7% during the 3rd quarter. Monarch Partners Asset Management LLC now owns 43,490 shares of the technology company’s stock worth $540,000 after purchasing an additional 26,870 shares during the last quarter. Navellier & Associates Inc increased its stake in shares of Asure Software by 13.1% during the 2nd quarter. Navellier & Associates Inc now owns 49,953 shares of the technology company’s stock worth $730,000 after purchasing an additional 5,775 shares during the last quarter. Finally, Wells Fargo & Company MN increased its stake in shares of Asure Software by 12.6% during the 2nd quarter. Wells Fargo & Company MN now owns 57,470 shares of the technology company’s stock worth $840,000 after purchasing an additional 6,435 shares during the last quarter. Institutional investors own 46.61% of the company’s stock.
COPYRIGHT VIOLATION WARNING: “Asure Software (ASUR) Stock Rating Upgraded by Zacks Investment Research” was originally reported by Watch List News and is the sole property of of Watch List News. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States and international trademark and copyright legislation. The original version of this story can be accessed at https://www.watchlistnews.com/asure-software-asur-stock-rating-upgraded-by-zacks-investment-research/1805444.html.
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.
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Asure Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asure Software and related companies with MarketBeat.com's FREE daily email newsletter.