Asure Software (NASDAQ:ASUR) Earns “Buy” Rating from Canaccord Genuity
Summary
The analysts wrote, “We’ve written that ASUR is a show me” stock, and to that point, there are three things that we’ll be watching in 2019: (1) that management can set realistic financial targets and execute at least to plan, (2) signs of gradual improvement in cash conversion on healthy adjusted EBITDA profits, and (3) additional disclosure to support the narrative that organic growth is in fact in the 5-10% range, with the possibility of acceleration as cross-sell execution spools up. After all, we continue to believe that Asure has set down a proven and quite logical path toward building a larger and nicely profitable business in the payroll/HCM space.”” Roth Capital dropped their price target on shares of Asure Software from $23.00 to $15.00 and set a “buy” rating on the stock in a report on Tuesday, January 8th. On average, equities research analysts predict that Asure Software will post 0.44 EPS for the current year. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Asure Software by 9.2% in the third quarter.
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