Asure Software (NASDAQ:ASUR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday. The brokerage currently has a $17.00 price objective on the technology company’s stock. Zacks Investment Research‘s target price indicates a potential upside of 16.28% from the company’s previous close.
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. “
A number of other research analysts also recently weighed in on the stock. Northland Securities set a $19.00 price objective on shares of Asure Software and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Dougherty & Co reiterated a “buy” rating and issued a $18.00 price objective (up previously from $17.00) on shares of Asure Software in a research report on Wednesday, January 3rd. Canaccord Genuity reiterated a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research report on Tuesday, January 2nd. Cowen upped their price objective on shares of Asure Software from $17.00 to $20.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 19th. Finally, Craig Hallum began coverage on shares of Asure Software in a research report on Monday, December 4th. They issued a “buy” rating for the company. One research analyst has rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $17.63.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Argent Capital Management LLC acquired a new position in shares of Asure Software during the 3rd quarter worth about $1,691,000. Alyeska Investment Group L.P. raised its position in shares of Asure Software by 548.1% during the 3rd quarter. Alyeska Investment Group L.P. now owns 450,000 shares of the technology company’s stock worth $5,589,000 after purchasing an additional 380,570 shares during the last quarter. Allianz Asset Management GmbH raised its position in shares of Asure Software by 45.6% during the 3rd quarter. Allianz Asset Management GmbH now owns 86,285 shares of the technology company’s stock worth $1,072,000 after purchasing an additional 27,015 shares during the last quarter. Unterberg Capital LLC raised its position in shares of Asure Software by 50.0% during the 3rd quarter. Unterberg Capital LLC now owns 300,000 shares of the technology company’s stock worth $3,726,000 after purchasing an additional 100,000 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of Asure Software by 93.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 231,715 shares of the technology company’s stock worth $2,878,000 after purchasing an additional 111,819 shares during the last quarter. Hedge funds and other institutional investors own 46.61% of the company’s stock.
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.
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