Asure Software (NASDAQ:ASUR) Releases Q3 2022 Earnings Guidance

Asure Software (NASDAQ:ASURGet Rating) issued an update on its third quarter 2022 earnings guidance on Monday morning. The company provided earnings per share guidance of -$0.05–$0.02 for the period. The company issued revenue guidance of $21.00 million-$21.50 million.Asure Software also updated its FY 2022 guidance to -$0.05-$0.02 EPS.

Shares of NASDAQ:ASUR traded down $0.18 during trading on Monday, reaching $5.95. The company had a trading volume of 28,287 shares, compared to its average volume of 39,857. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 0.22. Asure Software has a 12 month low of $5.50 and a 12 month high of $9.94. The company has a fifty day moving average of $6.12 and a two-hundred day moving average of $7.16. The stock has a market capitalization of $119.43 million, a P/E ratio of 55.73 and a beta of 0.97.

Asure Software (NASDAQ:ASURGet Rating) last issued its quarterly earnings results 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 net margin of 2.20% and a negative return on equity of 0.42%. The company had revenue of $24.33 million during the quarter, compared to analysts’ expectations of $23.60 million. During the same period last year, the company posted $0.09 EPS. As a group, equities research analysts predict that Asure Software will post -0.11 earnings per share for the current year.

A number of research analysts have recently commented on ASUR shares. StockNews.com initiated coverage on shares of Asure Software in a report on Saturday. They issued a hold rating on the stock. Zacks Investment Research upgraded Asure Software from a hold rating to a buy rating and set a $6.75 price objective on the stock in a report on Tuesday, May 17th. Finally, TheStreet downgraded Asure Software from a c- rating to a d+ rating in a research report on Thursday, April 14th. One research 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 stock presently has an average rating of Buy and a consensus target price of $10.58.

A number of hedge funds and other institutional investors have recently modified their holdings of ASUR. Vanguard Group Inc. grew its stake in Asure Software by 48.0% during the 1st quarter. Vanguard Group Inc. now owns 1,762,073 shares of the technology company’s stock valued at $10,484,000 after purchasing an additional 571,201 shares in the last quarter. Morgan Stanley grew its position in shares of Asure Software by 1,927.0% in the 2nd quarter. Morgan Stanley now owns 44,331 shares of the technology company’s stock worth $393,000 after acquiring an additional 42,144 shares in the last quarter. Dimensional Fund Advisors LP grew its position in shares of 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 in the last quarter. S Squared Technology LLC grew its position in shares of 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 in the last quarter. Finally, Citadel Advisors LLC lifted its holdings in shares of Asure Software by 102.1% in the 2nd quarter. Citadel Advisors LLC now owns 40,136 shares of the technology company’s stock worth $356,000 after purchasing an additional 20,277 shares during the last quarter. Hedge funds and other institutional investors 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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