ValuEngine Upgrades Asure Software (ASUR) to “Sell”

Asure Software (NASDAQ:ASUR) was upgraded by research analysts at ValuEngine from a “strong sell” rating to a “sell” rating in a research note issued on Monday.

ASUR has been the topic of several other reports. Zacks Investment Research upgraded Asure Software from a “sell” rating to a “hold” rating in a research report on Tuesday, October 23rd. Barrington Research reduced their price objective on Asure Software from $25.00 to $20.00 and set an “outperform” rating on the stock in a research report on Monday, November 12th. Lake Street Capital set a $15.00 price objective on Asure Software and gave the company a “buy” rating in a research report on Friday, November 9th. Canaccord Genuity reduced their price objective on Asure Software from $22.00 to $13.00 and set a “buy” rating on the stock in a research report on Monday, November 12th. Finally, Roth Capital dropped their target price on Asure Software from $23.00 to $15.00 and set a “buy” rating for the company in a report on Tuesday, January 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $13.38.

Shares of Asure Software stock opened at $5.83 on Monday. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.17 and a current ratio of 1.18. The stock has a market cap of $85.18 million, a PE ratio of 11.36, a PEG ratio of 0.29 and a beta of 0.98. Asure Software has a 12 month low of $4.26 and a 12 month high of $19.78.

Asure Software (NASDAQ:ASUR) last announced its quarterly earnings data on Friday, November 9th. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02). The firm had revenue of $23.46 million for the quarter, compared to the consensus estimate of $24.75 million. Asure Software had a negative net margin of 13.56% and a positive return on equity of 8.21%. Research analysts forecast that Asure Software will post 0.46 EPS for the current year.

A number of hedge funds have recently modified their holdings of the stock. Cambridge Investment Research Advisors Inc. boosted its holdings in Asure Software by 15.8% during the 4th quarter. Cambridge Investment Research Advisors Inc. now owns 22,000 shares of the technology company’s stock valued at $112,000 after acquiring an additional 3,000 shares during the period. Rhumbline Advisers purchased a new stake in Asure Software during the 4th quarter valued at about $73,000. First Interstate Bank boosted its holdings in Asure Software by 402.7% during the 4th quarter. First Interstate Bank now owns 18,600 shares of the technology company’s stock valued at $94,000 after acquiring an additional 14,900 shares during the period. New Jersey Better Educational Savings Trust boosted its holdings in Asure Software by 9.1% during the 4th quarter. New Jersey Better Educational Savings Trust now owns 24,000 shares of the technology company’s stock valued at $122,000 after acquiring an additional 2,000 shares during the period. Finally, NJ State Employees Deferred Compensation Plan boosted its holdings in Asure Software by 9.4% during the 4th quarter. NJ State Employees Deferred Compensation Plan now owns 70,000 shares of the technology company’s stock valued at $356,000 after acquiring an additional 6,000 shares during the period. Institutional investors own 61.04% of the company’s stock.

Asure Software Company Profile

Asure Software Inc provides cloud-based software-as-a-service time and labor management, and workspace management solutions worldwide. The company's product line includes AsureSpace workplace management solutions that enable organizations to manage their office environments and optimize real estate utilization; and AsureForce time and labor management solutions to help organizations optimize workforce, as well as control labor administration costs and activities.

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Analyst Recommendations for Asure Software (NASDAQ:ASUR)

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