Asure Software Inc (NASDAQ:ASUR) posted its quarterly earnings data on Monday. The technology company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.01, Bloomberg Earnings reports. Asure Software had a negative net margin of 5.73% and a positive return on equity of 6.93%.
Shares of Asure Software (NASDAQ:ASUR) traded up $0.79 during trading hours on Monday, reaching $11.72. 217,000 shares of the company were exchanged, compared to its average volume of 126,537. The company has a market capitalization of $145.58, a PE ratio of 53.27, a price-to-earnings-growth ratio of 0.99 and a beta of 1.10. Asure Software has a 1 year low of $6.72 and a 1 year high of $17.27. The company has a quick ratio of 1.39, a current ratio of 1.40 and a debt-to-equity ratio of 1.05.
ASUR has been the subject of several recent analyst reports. Scotiabank cut shares of Asure Software from an “outperform” rating to a “sector perform” rating in a report on Thursday, September 7th. Canaccord Genuity reiterated a “buy” rating and issued a $18.00 price objective on shares of Asure Software in a report on Tuesday, October 17th. Northland Securities reiterated a “buy” rating and issued a $18.00 price objective on shares of Asure Software in a report on Thursday, September 21st. Zacks Investment Research cut shares of Asure Software from a “hold” rating to a “sell” rating in a report on Friday, August 18th. Finally, Dougherty & Co initiated coverage on shares of Asure Software in a report on Tuesday, October 31st. They issued a “buy” rating and a $17.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $16.57.
A hedge fund recently raised its stake in Asure Software stock. Northern Trust Corp raised its holdings in shares of Asure Software Inc (NASDAQ:ASUR) by 37.8% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 24,419 shares of the technology company’s stock after buying an additional 6,692 shares during the period. Northern Trust Corp owned about 0.28% of Asure Software worth $357,000 as of its most recent SEC filing. 41.18% of the stock is currently owned by institutional investors.
Asure Software Company Profile
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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