Asure Software (NASDAQ:ASUR) Releases Q4 2021 Earnings Guidance

Asure Software (NASDAQ:ASUR) updated its fourth quarter 2021 earnings guidance on Monday. The company provided earnings per share guidance of $-0.050-$-0.030 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.000. The company issued revenue guidance of $20.50 million-$21 million, compared to the consensus revenue estimate of $17.99 million.Asure Software also updated its FY 2022 guidance to EPS.

Shares of NASDAQ ASUR traded up $0.04 during mid-day trading on Thursday, reaching $8.49. 71,280 shares of the company were exchanged, compared to its average volume of 88,719. The company’s 50-day simple moving average is $8.97 and its 200-day simple moving average is $8.76. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $162.74 million, a P/E ratio of 212.25 and a beta of 1.17. Asure Software has a twelve month low of $7.03 and a twelve month high of $9.94.

Asure Software (NASDAQ:ASUR) last posted its earnings results on Monday, November 8th. The technology company reported ($0.01) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.01. Asure Software had a net margin of 2.31% and a negative return on equity of 0.58%. During the same quarter in the previous year, the firm posted ($0.07) earnings per share. As a group, equities research analysts expect that Asure Software will post -0.1 EPS for the current year.

A number of analysts have recently issued reports on ASUR shares. Needham & Company LLC raised their target price on shares of Asure Software from $11.00 to $14.00 and gave the stock a buy rating in a research note on Tuesday, November 9th. TheStreet raised shares of Asure Software from a d+ rating to a c+ rating in a research report on Friday, November 12th. Finally, Cowen reaffirmed an outperform rating and set a $11.00 price target on shares of Asure Software in a research report on Wednesday, November 10th. One equities research analyst has rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of Buy and an average target price of $12.50.

In other Asure Software news, CEO Patrick Goepel purchased 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 12th. The shares were bought at an average cost of $8.75 per share, for a total transaction of $87,500.00. The purchase was disclosed in a filing with the SEC, which is available at this link. 6.60% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Royal Bank of Canada lifted its stake in Asure Software by 31.2% in the 2nd quarter. Royal Bank of Canada now owns 6,312 shares of the technology company’s stock worth $56,000 after purchasing an additional 1,500 shares in the last quarter. Citadel Advisors LLC lifted its stake in 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 in the last quarter. Finally, Morgan Stanley lifted its stake in 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 purchasing an additional 42,144 shares in the last quarter. Institutional investors and hedge funds own 70.36% of the company’s stock.

Asure Software Company Profile

Asure Software, Inc delivers human capital management solutions through the lens of entrepreneurs and executives with an owner’s mentality. It helps small and mid-sized businesses to develop their human capital and allocate their time, money and technology toward growth. Its solutions include Asure Payroll & Tax, Asure HR, and Asure Time & Attendance.

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