Equities research analysts expect that Asure Software Inc (NASDAQ:ASUR) will post $15.24 million in sales for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Asure Software’s earnings, with the lowest sales estimate coming in at $14.91 million and the highest estimate coming in at $15.40 million. Asure Software reported sales of $9.44 million in the same quarter last year, which indicates a positive year-over-year growth rate of 61.4%. The business is scheduled to announce its next earnings report on Monday, November 13th.
On average, analysts expect that Asure Software will report full-year sales of $15.24 million for the current financial year, with estimates ranging from $54.27 million to $55.00 million. For the next financial year, analysts anticipate that the company will post sales of $71.08 million per share, with estimates ranging from $68.20 million to $74.90 million. Zacks Investment Research’s sales calculations are a mean average based on a survey of sell-side analysts that cover Asure Software.
Asure Software (NASDAQ:ASUR) last posted its quarterly earnings results on Monday, August 14th. The technology company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.06). Asure Software had a negative net margin of 5.73% and a positive return on equity of 6.93%. The company had revenue of $12.88 million during the quarter, compared to analyst estimates of $12.23 million.
Several research analysts have recently commented on the company. Zacks Investment Research lowered Asure Software from a “hold” rating to a “sell” rating in a report on Tuesday, June 6th. Northland Securities set a $18.00 price objective on Asure Software and gave the stock a “buy” rating in a report on Tuesday, August 15th. Canaccord Genuity reissued a “buy” rating and set a $18.00 price objective on shares of Asure Software in a report on Monday, August 14th. Cowen and Company assumed coverage on Asure Software in a report on Wednesday, September 6th. They set an “outperform” rating and a $16.00 price objective for the company. Finally, Scotiabank lowered Asure Software from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 7th. One research analyst has rated the stock with a sell rating, two have given a hold rating and eight have assigned a buy rating to the company’s stock. Asure Software currently has an average rating of “Buy” and a consensus price target of $15.88.
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A number of institutional investors and hedge funds have recently modified their holdings of ASUR. Russell Investments Group Ltd. boosted its stake in Asure Software by 31.7% in the first quarter. Russell Investments Group Ltd. now owns 61,002 shares of the technology company’s stock worth $627,000 after buying an additional 14,679 shares in the last quarter. Wells Fargo & Company MN purchased a new stake in Asure Software in the first quarter worth approximately $525,000. Alambic Investment Management L.P. purchased a new stake in Asure Software in the first quarter worth approximately $122,000. Dimensional Fund Advisors LP purchased a new stake in Asure Software in the first quarter worth approximately $519,000. Finally, Renaissance Technologies LLC boosted its stake in Asure Software by 3.4% in the first quarter. Renaissance Technologies LLC now owns 415,476 shares of the technology company’s stock worth $4,271,000 after buying an additional 13,600 shares in the last quarter. 39.67% of the stock is owned by institutional investors and hedge funds.
Asure Software (NASDAQ:ASUR) traded down 0.45% during midday trading on Wednesday, hitting $11.07. 65,149 shares of the stock were exchanged. The company’s market capitalization is $137.50 million. The company’s 50 day moving average is $11.68 and its 200 day moving average is $12.39. Asure Software has a 1-year low of $6.11 and a 1-year high of $17.27.
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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