Asure Software (NASDAQ:ASUR) issued its quarterly earnings data on Thursday. The technology company reported $0.09 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.05), Morningstar.com reports. The firm had revenue of $24.42 million for the quarter, compared to analysts’ expectations of $23.99 million. Asure Software had a negative net margin of 13.56% and a positive return on equity of 8.21%. Asure Software updated its FY 2019 guidance to EPS.
ASUR stock remained flat at $$6.27 during midday trading on Friday. 673,932 shares of the company’s stock were exchanged, compared to its average volume of 201,197. The company has a current ratio of 1.18, a quick ratio of 1.17 and a debt-to-equity ratio of 1.09. Asure Software has a fifty-two week low of $4.26 and a fifty-two week high of $19.78. The stock has a market cap of $94.03 million, a PE ratio of 13.93, a PEG ratio of 0.32 and a beta of 0.92.
Several equities analysts recently commented on the stock. Canaccord Genuity reaffirmed a “buy” rating and set a $13.00 price objective on shares of Asure Software in a research note on Friday. Zacks Investment Research cut shares of Asure Software from a “hold” rating to a “sell” rating in a research note on Tuesday, February 26th. Barrington Research set a $15.00 price objective on shares of Asure Software and gave the company a “buy” rating in a research note on Thursday, March 7th. TheStreet cut shares of Asure Software from a “c-” rating to a “d+” rating in a research note on Tuesday, December 11th. Finally, Roth Capital reduced their price objective on shares of Asure Software from $23.00 to $15.00 and set a “buy” rating for the company in a research note on Tuesday, January 8th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $13.38.
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Asure Software Company Profile
Asure Software Inc provides cloud-based software-as-a-service time and labor management, and workspace management solutions worldwide. The company's product line includes AsureSpace workplace management solutions that enable organizations to manage their office environments and optimize real estate utilization; and AsureForce time and labor management solutions to help organizations optimize workforce, as well as control labor administration costs and activities.
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