Wall Street analysts forecast that Asure Software Inc (NASDAQ:ASUR) will post $24.75 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Asure Software’s earnings. The lowest sales estimate is $24.60 million and the highest is $25.00 million. Asure Software reported sales of $15.53 million during the same quarter last year, which indicates a positive year over year growth rate of 59.4%. The company is expected to announce its next quarterly earnings report on Monday, November 12th.

According to Zacks, analysts expect that Asure Software will report full-year sales of $93.27 million for the current fiscal year, with estimates ranging from $93.01 million to $93.60 million. For the next year, analysts forecast that the firm will post sales of $109.79 million, with estimates ranging from $108.40 million to $110.88 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Asure Software.

Asure Software (NASDAQ:ASUR) last posted its quarterly earnings data on Wednesday, August 8th. The technology company reported $0.14 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.12 by $0.02. The business had revenue of $21.77 million for the quarter, compared to analysts’ expectations of $21.53 million. Asure Software had a positive return on equity of 9.05% and a negative net margin of 11.85%.

Several brokerages have weighed in on ASUR. ValuEngine downgraded shares of Asure Software from a “buy” rating to a “hold” rating in a research note on Monday, September 17th. Zacks Investment Research upgraded shares of Asure Software from a “sell” rating to a “hold” rating in a report on Monday, September 17th. Dougherty & Co began coverage on shares of Asure Software in a report on Tuesday, August 28th. They issued a “buy” rating and a $20.00 target price on the stock. Barrington Research set a $25.00 target price on shares of Asure Software and gave the company a “buy” rating in a report on Thursday, August 23rd. Finally, Canaccord Genuity boosted their target price on shares of Asure Software from $21.00 to $22.00 and gave the company a “buy” rating in a report on Tuesday, July 10th. Two analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Asure Software has a consensus rating of “Buy” and an average price target of $20.43.

A number of institutional investors have recently made changes to their positions in ASUR. BlackRock Inc. lifted its holdings in shares of Asure Software by 549.7% during the second quarter. BlackRock Inc. now owns 687,258 shares of the technology company’s stock worth $10,961,000 after buying an additional 581,475 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in Asure Software by 3.5% in the 1st quarter. Pacific Ridge Capital Partners LLC now owns 493,627 shares of the technology company’s stock worth $6,042,000 after acquiring an additional 16,530 shares during the last quarter. Cortina Asset Management LLC raised its holdings in Asure Software by 79.2% in the 2nd quarter. Cortina Asset Management LLC now owns 317,959 shares of the technology company’s stock worth $5,071,000 after acquiring an additional 140,498 shares during the last quarter. Skylands Capital LLC raised its holdings in Asure Software by 14.0% in the 2nd quarter. Skylands Capital LLC now owns 316,450 shares of the technology company’s stock worth $5,047,000 after acquiring an additional 38,950 shares during the last quarter. Finally, Argent Capital Management LLC raised its holdings in Asure Software by 9.1% in the 2nd quarter. Argent Capital Management LLC now owns 258,020 shares of the technology company’s stock worth $4,115,000 after acquiring an additional 21,530 shares during the last quarter. Institutional investors own 60.81% of the company’s stock.

ASUR traded up $0.31 during trading on Friday, hitting $12.83. The stock had a trading volume of 8,092 shares, compared to its average volume of 207,946. The company has a market cap of $184.32 million, a price-to-earnings ratio of 28.56, a price-to-earnings-growth ratio of 0.79 and a beta of 1.07. Asure Software has a twelve month low of $10.08 and a twelve month high of $19.78. The company has a quick ratio of 1.52, a current ratio of 1.54 and a debt-to-equity ratio of 1.06.

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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