Asure Software (NASDAQ:ASUR) Releases FY 2022 Earnings Guidance

Asure Software (NASDAQ:ASURGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of -$0.05-$0.02 for the period, compared to the consensus estimate of $0.01. The company issued revenue guidance of $88.00 million-$90.00 million, compared to the consensus revenue estimate of $87.67 million.Asure Software also updated its Q2 2022 guidance to -$0.10–$0.07 EPS.

A number of equities analysts have recently weighed in on the company. StockNews.com assumed coverage on Asure Software in a report on Thursday, May 5th. They issued a hold rating on the stock. TheStreet downgraded Asure Software from a c- rating to a d+ rating in a report on Thursday, April 14th. Two research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Buy and a consensus price target of $12.50.

Shares of NASDAQ ASUR traded down $0.10 during trading hours on Tuesday, hitting $5.97. The stock had a trading volume of 12 shares, compared to its average volume of 41,332. The company has a market capitalization of $119.61 million, a P/E ratio of 33.72 and a beta of 0.97. The firm’s 50-day moving average price is $6.27 and its two-hundred day moving average price is $7.38. Asure Software has a 52 week low of $5.50 and a 52 week high of $9.94. 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 (NASDAQ:ASURGet Rating) last announced its earnings results on Monday, May 9th. The technology company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter in the previous year, the company earned $0.09 earnings per share. As a group, analysts expect that Asure Software will post -0.1 EPS for the current fiscal year.

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. lifted its holdings in shares of Asure Software by 1.6% during the fourth quarter. BlackRock Inc. now owns 243,820 shares of the technology company’s stock worth $1,908,000 after buying an additional 3,891 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Asure Software by 6.4% during the fourth quarter. Millennium Management LLC now owns 47,167 shares of the technology company’s stock worth $369,000 after buying an additional 2,836 shares during the last quarter. D. E. Shaw & Co. Inc. lifted its holdings in shares of Asure Software by 29.2% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 19,192 shares of the technology company’s stock worth $150,000 after buying an additional 4,340 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Asure Software by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 139,935 shares of the technology company’s stock valued at $1,095,000 after purchasing an additional 3,268 shares in the last quarter. Finally, Morgan Stanley raised its stake 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 purchasing an additional 42,144 shares in the last quarter. Institutional investors 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.

Further Reading

Receive News & Ratings for Asure Software Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Asure Software and related companies with MarketBeat.com's FREE daily email newsletter.