Asure Software (NASDAQ:ASUR) Releases Q4 2022 Earnings Guidance

Asure Software (NASDAQ:ASURGet Rating) updated its fourth quarter 2022 earnings guidance on Monday. The company provided earnings per share guidance of -$0.01-$0.01 for the period. The company issued revenue guidance of $23.00 million-$23.50 million.Asure Software also updated its FY 2022 guidance to -$0.05-$0.02 EPS.

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

Shares of ASUR stock opened at $6.13 on Monday. Asure Software has a 1-year low of $5.50 and a 1-year high of $9.94. The stock’s 50-day moving average is $6.12 and its 200 day moving average is $7.16. The company has a market cap of $123.04 million, a P/E ratio of 55.73 and a beta of 0.97. 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 (NASDAQ:ASURGet Rating) last released its quarterly earnings results on Monday, May 9th. The technology company reported $0.11 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 during the quarter, compared to analysts’ expectations of $23.60 million. During the same period last year, the business posted $0.09 earnings per share. On average, analysts anticipate that Asure Software will post -0.11 EPS for the current year.

A number of hedge funds have recently made changes to their positions in ASUR. Royal Bank of Canada grew its holdings in 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 purchasing an additional 1,500 shares during the period. Cambridge Investment Research Advisors Inc. boosted its stake in Asure Software by 16.2% during the first quarter. Cambridge Investment Research Advisors Inc. now owns 21,500 shares of the technology company’s stock worth $128,000 after buying an additional 3,000 shares during the last quarter. D. E. Shaw & Co. Inc. raised its position in 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 purchasing an additional 4,340 shares during the period. Northern Trust Corp raised its position in Asure Software by 14.8% in the first quarter. Northern Trust Corp now owns 37,499 shares of the technology company’s stock valued at $222,000 after purchasing an additional 4,830 shares during the period. Finally, Bank of New York Mellon Corp raised its position in Asure Software by 5.2% in the first quarter. Bank of New York Mellon Corp now owns 38,875 shares of the technology company’s stock valued at $232,000 after purchasing an additional 1,909 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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