Equities analysts expect that Asure Software Inc (NASDAQ:ASUR) will post earnings per share (EPS) of $0.20 for the current quarter, according to Zacks. Four analysts have made estimates for Asure Software’s earnings, with estimates ranging from $0.19 to $0.21. Asure Software posted earnings per share of $0.09 in the same quarter last year, which would suggest a positive year-over-year growth rate of 122.2%. The firm is scheduled to issue its next earnings results on Monday, March 19th.
On average, analysts expect that Asure Software will report full-year earnings of $0.53 per share for the current financial year, with EPS estimates ranging from $0.50 to $0.54. For the next year, analysts expect that the business will post earnings of $0.74 per share, with EPS estimates ranging from $0.66 to $0.84. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Asure Software.
A number of brokerages recently weighed in on ASUR. Dougherty & Co reaffirmed a “buy” rating on shares of Asure Software in a research report on Monday, November 20th. Zacks Investment Research cut shares of Asure Software from a “hold” rating to a “sell” rating in a research report on Friday, August 18th. Northland Securities set a $18.00 price objective on shares of Asure Software and gave the stock a “buy” rating in a report on Tuesday, August 15th. Canaccord Genuity reiterated a “buy” rating and issued a $18.00 price objective on shares of Asure Software in a report on Monday, August 14th. Finally, Scotiabank lowered shares of Asure Software from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 7th. Two investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Asure Software currently has an average rating of “Buy” and a consensus target price of $16.57.
Shares of Asure Software (NASDAQ ASUR) traded down $0.25 during midday trading on Friday, hitting $14.11. 150,996 shares of the stock traded hands, compared to its average volume of 237,307. Asure Software has a one year low of $7.90 and a one year high of $17.27. The stock has a market cap of $175.91, a PE ratio of 54.27, a PEG ratio of 1.07 and a beta of 1.16. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.39 and a quick ratio of 1.37.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Cambridge Investment Research Advisors Inc. bought a new position in Asure Software in the 3rd quarter worth about $135,000. Monarch Partners Asset Management LLC bought a new position in shares of Asure Software in the second quarter valued at approximately $243,000. Northern Trust Corp boosted its holdings in shares of Asure Software by 37.8% in the second quarter. Northern Trust Corp now owns 24,419 shares of the technology company’s stock valued at $357,000 after acquiring an additional 6,692 shares in the last quarter. Dimensional Fund Advisors LP bought a new position in shares of Asure Software in the first quarter valued at approximately $519,000. Finally, Navellier & Associates Inc boosted its holdings in shares of Asure Software by 13.1% in the second quarter. Navellier & Associates Inc now owns 49,953 shares of the technology company’s stock valued at $730,000 after acquiring an additional 5,775 shares in the last quarter. Hedge funds and other institutional investors own 46.61% of the company’s stock.
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About Asure Software
Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.
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