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

Asure Software (NASDAQ:ASURGet Rating) updated its second quarter 2022 earnings guidance on Monday. The company provided earnings per share (EPS) guidance of -$0.10–$0.07 for the period, compared to the consensus 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 brokerages have issued reports on ASUR. TheStreet lowered Asure Software from a c- rating to a d+ rating in a research note on Thursday, April 14th. Zacks Investment Research upgraded Asure Software from a hold rating to a buy rating and set a $6.75 target price on the stock in a research note on Tuesday, May 17th. Finally, StockNews.com began coverage on Asure Software in a research note on Saturday. They issued a hold rating on the stock. One equities research analyst has rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Asure Software currently has a consensus rating of Buy and an average target price of $10.58.

NASDAQ:ASUR opened at $6.13 on Monday. The company has a debt-to-equity ratio of 0.22, a quick ratio of 1.06 and a current ratio of 1.06. Asure Software has a 52-week low of $5.50 and a 52-week high of $9.94. The firm has a market cap of $123.04 million, a price-to-earnings ratio of 55.73 and a beta of 0.97. The business’s fifty day moving average is $6.12 and its 200 day moving average is $7.16.

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, beating 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 company 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 posted $0.09 EPS. Equities analysts predict that Asure Software will post -0.11 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its stake in Asure Software by 48.0% in the 1st quarter. Vanguard Group Inc. now owns 1,762,073 shares of the technology company’s stock worth $10,484,000 after acquiring an additional 571,201 shares during the last quarter. S Squared Technology LLC increased its stake in Asure Software by 3.2% in the 1st quarter. S Squared Technology LLC now owns 839,409 shares of the technology company’s stock worth $4,994,000 after acquiring an additional 25,671 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in Asure Software by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 382,459 shares of the technology company’s stock worth $2,276,000 after acquiring an additional 27,419 shares during the last quarter. BlackRock Inc. increased its stake in Asure Software by 1.6% in the 4th quarter. BlackRock Inc. now owns 243,820 shares of the technology company’s stock worth $1,908,000 after acquiring an additional 3,891 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Asure Software by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 139,935 shares of the technology company’s stock worth $1,095,000 after acquiring an additional 3,268 shares during the last quarter. Institutional investors and hedge funds own 64.47% of the company’s stock.

Asure Software Company Profile (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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