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

Asure Software (NASDAQ:ASURGet Rating) updated its FY 2022 earnings guidance on Monday. The company provided EPS guidance of -$0.05-$0.02 for the period, compared to the consensus EPS 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.

ASUR has been the subject of several analyst reports. TheStreet downgraded Asure Software from a c- rating to a d+ rating in a research note on Thursday, April 14th. Zacks Investment Research raised Asure Software from a hold rating to a buy rating and set a $6.75 target price for the company in a research note on Tuesday, May 17th. Finally, StockNews.com started coverage on Asure Software in a research note on Saturday. They issued a hold rating for the company. One investment analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Buy and an average price target of $10.58.

NASDAQ:ASUR opened at $6.13 on Monday. The business’s 50-day moving average is $6.12 and its two-hundred day moving average is $7.16. The company has a debt-to-equity ratio of 0.22, a current ratio of 1.06 and a quick ratio of 1.06. Asure Software has a 12 month low of $5.50 and a 12 month high of $9.94. The firm has a market capitalization of $123.04 million, a PE ratio of 55.73 and a beta of 0.97.

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 0.42% and a net margin of 2.20%. The business had revenue of $24.33 million for the quarter, compared to analyst estimates of $23.60 million. During the same period in the previous year, the company earned $0.09 earnings per share. Equities analysts anticipate that Asure Software will post -0.11 EPS for the current year.

Hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its position in shares of Asure Software by 48.0% during the first quarter. Vanguard Group Inc. now owns 1,762,073 shares of the technology company’s stock worth $10,484,000 after buying an additional 571,201 shares during the period. Morgan Stanley raised its stake in Asure Software by 1,927.0% during the 2nd 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 during the period. Dimensional Fund Advisors LP raised its stake in Asure Software by 7.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 382,459 shares of the technology company’s stock valued at $2,276,000 after purchasing an additional 27,419 shares during the period. S Squared Technology LLC raised its stake in Asure Software by 3.2% during the 1st quarter. S Squared Technology LLC now owns 839,409 shares of the technology company’s stock valued at $4,994,000 after purchasing an additional 25,671 shares during the period. Finally, Citadel Advisors LLC raised its stake in Asure Software by 102.1% during the 2nd quarter. Citadel Advisors LLC now owns 40,136 shares of the technology company’s stock valued at $356,000 after purchasing an additional 20,277 shares during the period. 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.

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