Asure Receives a New Rating from Top Analyst

By Austin Angelo

Canaccord Genuity analyst David Hynes reiterated a Buy rating on Asure (NASDAQ: ASUR) yesterday and set a price target of $17. The company’s shares opened today at $14.60, close to its 52-week high of $15.40.

According to TipRanks.com, Hynes is a top 100 analyst with an average return of 28.5% and a 70.9% success rate. Hynes covers the Technology sector, focusing on stocks such as Nuance Communications, Medidata Solutions, and Ultimate Software.

Asure has an analyst consensus of Moderate Buy, with a price target consensus of $16.

The company has a one year high of $15.40 and a one year low of $4.45. Currently, Asure has an average volume of 84.91K.

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Asure Software, Inc. provides workforce management software solutions and services. The company provides cloud-based software-as-a-service solutions that help companies bring people, time, space and assets together. It focus on offering solutions to organizations in the financial services, manufacturing, non-profit, healthcare, government organizations and retail services industries. The company currently offer two main product lines include AsureSpace workplace management solutions, which enable organizations to manage their office environments and optimize real estate utilization; AsureForce time and labor management solutions, which help organizations optimize labor and labor administration costs and activities. Asure Software was founded in 1985 and is headquartered in Austin, TX.