Asure Software (NASDAQ:ASUR) Issues Q2 2022 Earnings Guidance

Asure Software (NASDAQ:ASURGet Rating) updated its second quarter 2022 earnings guidance on Monday. The company provided earnings per share guidance of -$0.10–$0.07 for the period, compared to the consensus earnings per share estimate of -$0.04. The company issued revenue guidance of $20.00 million-$20.50 million, compared to the consensus revenue estimate of $20.43 million.Asure Software also updated its FY 2022 guidance to -$0.05-$0.02 EPS.

Several research firms have recently weighed in on ASUR. StockNews.com began coverage on Asure Software in a report on Thursday, May 5th. They issued a hold rating for the company. TheStreet downgraded Asure Software from a c- rating to a d+ rating in a report on Thursday, April 14th. Two equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Buy and a consensus price target of $12.50.

NASDAQ:ASUR traded down $0.10 during trading hours on Tuesday, hitting $5.97. The company’s stock had a trading volume of 12 shares, compared to its average volume of 41,332. The business’s 50-day moving average is $6.27 and its two-hundred day moving average is $7.38. The company has a market capitalization of $119.61 million, a PE ratio of 33.72 and a beta of 0.97. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.07 and a current ratio of 1.07. Asure Software has a 52-week low of $5.50 and a 52-week high of $9.94.

Asure Software (NASDAQ:ASURGet Rating) last released its quarterly earnings data on Monday, May 9th. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.05. Asure Software had a negative return on equity of 0.32% and a net margin of 4.20%. During the same period in the previous year, the business earned $0.09 earnings per share. As a group, analysts predict that Asure Software will post -0.1 EPS for the current fiscal year.

Hedge funds have recently made changes to their positions in the company. Royal Bank of Canada increased its position in shares of Asure Software by 31.2% in the second quarter. Royal Bank of Canada now owns 6,312 shares of the technology company’s stock valued at $56,000 after buying an additional 1,500 shares in the last quarter. D. E. Shaw & Co. Inc. increased its position in shares of Asure Software by 29.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 19,192 shares of the technology company’s stock valued at $150,000 after buying an additional 4,340 shares in the last quarter. Citadel Advisors LLC increased its position in shares of Asure Software by 102.1% in the second quarter. Citadel Advisors LLC now owns 40,136 shares of the technology company’s stock valued at $356,000 after buying an additional 20,277 shares in the last quarter. Morgan Stanley increased its position in shares of Asure Software by 1,927.0% in the second quarter. Morgan Stanley now owns 44,331 shares of the technology company’s stock valued at $393,000 after buying an additional 42,144 shares in the last quarter. Finally, Millennium Management LLC increased its position in shares of Asure Software by 6.4% in the fourth quarter. Millennium Management LLC now owns 47,167 shares of the technology company’s stock valued at $369,000 after buying an additional 2,836 shares in the last quarter. Institutional investors and hedge funds own 64.47% of the company’s stock.

About Asure Software (Get Rating)

Asure Software, Inc provides cloud-based human capital management solutions the United States. It helps various small and mid-sized businesses to build productive teams to help them stay compliant and allocate resources to grow their business. The company's solutions include Asure Payroll & Tax, an integrated cloud-based solution automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, direct deposits, and fair labor standard act, as well as federal, state, and local payroll taxes; Asure (human resource) HR, a cloud-based functionality that handles HR complexities, such as employee self-service that enable employees to access information, pay history, and company documents; and Asure Time & Attendance that provides cost savings and return on investment gains come in the form of strategic use of labor dollars and the elimination of time theft.

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