Asure Software initiated with an Overweight at Stephens

Stephens initiated coverage of Asure Software with an Overweight rating and $13 price target The firm’s “constructive view” is based on the expected scaling of the platform to $200M in revenue and 30% margin through performance of the core payroll business, M&A and the reseller internalization strategy, the analyst tells investors. The firm sees “ample room for multiple expansion” as Asure executes against its targets, the analyst added.