Asure Software (NASDAQ:ASUR) Announces Earnings Results

Asure Software (NASDAQ:ASUR) posted its quarterly earnings results on Thursday. The technology company reported $0.05 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.02 by $0.03, Morningstar.com reports. The company had revenue of $24.84 million for the quarter, compared to analyst estimates of $24.64 million. Asure Software had a positive return on equity of 6.74% and a negative net margin of 9.77%. Asure Software updated its FY 2019 guidance to EPS.

Shares of NASDAQ ASUR traded down $2.20 during midday trading on Friday, hitting $6.05. 1,677,090 shares of the company’s stock were exchanged, compared to its average volume of 291,751. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.02 and a current ratio of 1.05. Asure Software has a twelve month low of $4.26 and a twelve month high of $16.09. The company has a market cap of $127.09 million, a P/E ratio of 18.75, a PEG ratio of 1.07 and a beta of 1.13. The firm has a fifty day simple moving average of $8.77.

A number of equities research analysts have issued reports on the company. ValuEngine lowered Asure Software from a “hold” rating to a “sell” rating in a research report on Saturday. Zacks Investment Research lowered Asure Software from a “buy” rating to a “hold” rating in a research report on Wednesday, July 31st. Roth Capital reissued a “buy” rating on shares of Asure Software in a research report on Friday. Finally, Barrington Research reissued a “buy” rating and set a $15.00 target price on shares of Asure Software in a research report on Friday, May 10th. One analyst has rated the stock with a sell rating, two have given a hold rating and six have given a buy rating to the company’s stock. Asure Software presently has an average rating of “Buy” and an average target price of $13.63.

Hedge funds and other institutional investors have recently modified their holdings of the company. PenderFund Capital Management Ltd. raised its position in shares of Asure Software by 20.6% during the 1st quarter. PenderFund Capital Management Ltd. now owns 585,651 shares of the technology company’s stock worth $5,549,000 after acquiring an additional 100,000 shares in the last quarter. Deutsche Bank AG raised its position in shares of Asure Software by 111.2% during the 4th quarter. Deutsche Bank AG now owns 64,896 shares of the technology company’s stock worth $328,000 after acquiring an additional 34,163 shares in the last quarter. Perkins Capital Management Inc. raised its position in shares of Asure Software by 218.2% during the 1st quarter. Perkins Capital Management Inc. now owns 70,000 shares of the technology company’s stock worth $428,000 after acquiring an additional 48,000 shares in the last quarter. Weber Alan W acquired a new stake in shares of Asure Software during the 1st quarter worth about $367,000. Finally, Skylands Capital LLC raised its position in shares of Asure Software by 499.3% during the 1st quarter. Skylands Capital LLC now owns 223,604 shares of the technology company’s stock worth $1,366,000 after acquiring an additional 186,295 shares in the last quarter. 52.46% of the stock is currently owned by institutional investors and hedge funds.

About Asure Software

Asure Software, Inc provides cloud-based human capital management and workspace management solutions worldwide. Its product line includes AsureSpace workspace management solutions that enable organizations to optimize their real estate investment, and create a digital workspace that empowers mobile and virtual employees; and AsureForce time and labor management solutions to help organizations optimize their workforce, as well as control labor administration costs and activities.

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Earnings History for Asure Software (NASDAQ:ASUR)

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