“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. If Asure can check the box on all three, we are quite confident that the stock will be re-rated higher, perhaps meaningfully, from today’s ~2.0x EV/R on C2019E. 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.”
According to TipRanks.com, Hynes is a top 100 analyst with an average return of 31.8% and a 77.8% success rate. Hynes covers the Technology sector, focusing on stocks such as Aspen Technology, Q2 Holdings Inc, and Veeva Systems.
Currently, the analyst consensus on Asure is a Moderate Buy with an average price target of $15, which is an 115.8% upside from current levels. In a report issued on March 7, Barrington also maintained a Buy rating on the stock with a $15 price target.
Based on Asure’s latest earnings release for the quarter ending September 30, the company reported a quarterly GAAP net loss of $3.58 million. In comparison, last year the company had a GAAP net loss of $1.55 million.
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Asure Software, Inc. engages in the provision of workforce management software solutions and services. It offers cloud-based software-as-a-service solutions under the AsureSpace and AsureForce brands. The company was founded in 1985 and is headquartered in Austin, TX.