Analysts expect Asure Software, Inc. (NASDAQ:ASUR) to report earnings of -$0.04 per share

Analysts expect Asure Software, Inc. (NASDAQ:ASUR) to post ($0.04) earnings per share for the current fiscal quarter, Zacks reports. Two analysts released earnings estimates for Asure Software. The company is due to announce its next results on Thursday, March 10.

On average, analysts expect Asure Software to report annual earnings of $0.07 per share for the current fiscal year, with EPS estimates ranging from $0.06 to $0.07. For the next fiscal year, analysts expect the company to post earnings of $0.12 per share, with EPS estimates ranging from $0.01 to $0.22. Zacks Investment Research’s EPS calculations are an average average based on a survey of research analysts who provide coverage for Asure Software.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings data on Monday, November 8. The technology company reported ($0.01) earnings per share for the quarter, beating analyst consensus estimates of ($0.02) by $0.01. The company posted revenue of $17.98 million in the quarter, versus a consensus estimate of $17.28 million. Asure Software had a net margin of 2.31% and a negative return on equity of 0.58%. In the same quarter a year earlier, the company posted ($0.07) earnings per share.

A number of research analysts have weighed in on the stock. Cowen reiterated an “outperform” rating and posted an $11.00 price target on Asure Software shares in a research report on Wednesday, November 10. TheStreet upgraded shares of Asure Software from a “d+” rating to a “c+” rating in a Friday, November 12 research report. Finally, Needham & Company LLC raised its price target on Asure Software stock from $11.00 to $14.00 and gave the stock a “buy” rating in a Tuesday, November 9 research report. . One research analyst has assigned the stock a hold rating and three have assigned the stock a buy rating. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $12.50.

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In related news, CEO Patrick Goepel bought 10,000 shares of Asure Software in a trade that took place on Friday, November 12. The shares were purchased at an average price of $8.75 per share, for a total transaction of $87,500.00. The acquisition was disclosed in a filing with the SEC, accessible via this hyperlink. 6.60% of the shares are held by company insiders.

A number of hedge funds have recently increased or reduced their stakes in the company. Private Capital Management LLC increased its stake in Asure Software by 0.5% in the second quarter. Private Capital Management LLC now owns 2,184,745 shares of the technology company valued at $19,379,000 after acquiring 10,180 additional shares in the last quarter. Lynrock Lake LP increased its stake in Asure Software shares by 103.7% in Q2. Lynrock Lake LP now owns 1,483,463 shares of the technology company valued at $13,158,000 after purchasing an additional 755,282 shares during the period. ArrowMark Colorado Holdings LLC increased its stake in Asure Software shares by 0.3% in Q3. ArrowMark Colorado Holdings LLC now owns 1,343,704 shares of the technology company valued at $12,107,000 after purchasing 4,388 additional shares during the period. Archon Capital Management LLC increased its stake in Asure Software shares by 9.1% in Q2. Archon Capital Management LLC now owns 1,254,693 shares of the technology company valued at $11,129,000 after purchasing an additional 105,040 shares during the period. Finally, Pacific Ridge Capital Partners LLC increased its stake in Asure Software shares by 2.6% in the second quarter. Pacific Ridge Capital Partners LLC now owns 1,128,318 shares of the technology company valued at $10,008,000 after purchasing an additional 28,991 shares during the period. Institutional investors hold 68.82% of the company’s shares.

Shares of Asure Software rose $0.25 during Friday trading hours, hitting $7.14. The stock recorded a trading volume of 27,350 shares, compared to an average volume of 55,445 shares. The stock’s 50-day moving average is $7.84 and its 200-day moving average is $8.57. The company has a market capitalization of $136.87 million, a PE ratio of 178.50 and a beta of 1.10. Asure Software has a 12-month minimum of $6.68 and a 12-month maximum of $9.94. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt ratio of 0.20.

Asure Software Company Profile

Asure Software, Inc. delivers human capital management solutions through the lens of entrepreneurs and executives with an owner mindset. It helps small and medium-sized businesses develop their human capital and allocate their time, money and technology for growth. Its solutions include Asure Payroll & Tax, Asure HR and Asure Time & Attendance.

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