Wall Street analysts expect Asure Software Inc (NASDAQ:ASUR) to announce earnings per share (EPS) of $0.16 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Asure Software’s earnings. The highest EPS estimate is $0.22 and the lowest is $0.09. Asure Software reported earnings per share of $0.07 during the same quarter last year, which indicates a positive year-over-year growth rate of 128.6%. The business is scheduled to issue its next quarterly earnings results on Monday, August 13th.

On average, analysts expect that Asure Software will report full-year earnings of $0.77 per share for the current fiscal year, with EPS estimates ranging from $0.71 to $0.82. For the next fiscal year, analysts anticipate that the company will post earnings of $1.16 per share, with EPS estimates ranging from $0.92 to $1.65. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Asure Software.

Asure Software (NASDAQ:ASUR) last announced its quarterly earnings data on Wednesday, May 9th. The technology company reported $0.13 EPS for the quarter, beating the Zacks’ consensus estimate of $0.08 by $0.05. The firm had revenue of $19.30 million during the quarter, compared to the consensus estimate of $18.23 million. Asure Software had a negative net margin of 10.45% and a positive return on equity of 9.04%.

A number of brokerages recently commented on ASUR. Zacks Investment Research downgraded shares of Asure Software from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a research report on Monday. Canaccord Genuity restated a “buy” rating on shares of Asure Software in a research report on Thursday, May 17th. Barrington Research raised their price objective on shares of Asure Software from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Monday, May 14th. Finally, Lake Street Capital lifted their price target on shares of Asure Software to $20.00 and gave the company a “buy” rating in a research report on Thursday, May 10th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and nine have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $20.00.

Hedge funds have recently bought and sold shares of the company. AWM Investment Company Inc. lifted its position in shares of Asure Software by 13.4% during the 4th quarter. AWM Investment Company Inc. now owns 311,413 shares of the technology company’s stock valued at $4,397,000 after acquiring an additional 36,746 shares during the period. Unterberg Capital LLC increased its stake in shares of Asure Software by 6.7% during the 4th quarter. Unterberg Capital LLC now owns 320,000 shares of the technology company’s stock worth $4,518,000 after purchasing an additional 20,000 shares in the last quarter. Virtu Financial LLC purchased a new position in shares of Asure Software during the 4th quarter worth approximately $231,000. Monashee Investment Management LLC purchased a new position in shares of Asure Software during the 4th quarter worth approximately $151,000. Finally, Raymond James Financial Services Advisors Inc. purchased a new position in shares of Asure Software during the 4th quarter worth approximately $321,000. Institutional investors own 51.94% of the company’s stock.

NASDAQ:ASUR traded down $0.74 during mid-day trading on Friday, reaching $17.75. The stock had a trading volume of 40,226 shares, compared to its average volume of 152,291. The company has a quick ratio of 1.13, a current ratio of 1.14 and a debt-to-equity ratio of 1.65. The company has a market cap of $225.16 million, a P/E ratio of 39.87, a PEG ratio of 0.94 and a beta of 1.25. Asure Software has a twelve month low of $9.89 and a twelve month high of $19.78.

About Asure Software

Asure Software Inc provides cloud-based software-as-a-service time and labor management, and workspace management solutions worldwide. The company's product line includes AsureSpace workplace management solutions that enable organizations to manage their office environments and optimize real estate utilization; and AsureForce time and labor management solutions to help organizations optimize workforce, as well as control labor administration costs and activities.

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