Asure Software Inc. (ASUR) Issues Quarterly Earnings Results
Asure Software Inc. (NASDAQ:ASUR) announced its quarterly earnings results on Monday. The company reported $0.10 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.03. The company had revenue of $9.40 million for the quarter, compared to analyst estimates of $9.58 million. Asure Software had a negative net margin of 9.35% and a negative return on equity of 23.43%.
Shares of Asure Software (NASDAQ:ASUR) opened at 7.53 on Tuesday. Asure Software has a 12-month low of $4.28 and a 12-month high of $7.74. The stock has a 50 day moving average price of $6.75 and a 200 day moving average price of $5.49. The firm’s market capitalization is $49.07 million.
ASUR has been the topic of several recent analyst reports. Zacks Investment Research upgraded shares of Asure Software from a “hold” rating to a “buy” rating and set a $7.50 price target on the stock in a research note on Friday, November 4th. Wunderlich initiated coverage on shares of Asure Software in a research note on Friday, October 28th. They issued a “buy” rating and a $12.00 price target on the stock. Roth Capital initiated coverage on shares of Asure Software in a research note on Friday, October 21st. They issued a “buy” rating and a $12.00 price target on the stock. Lake Street Capital initiated coverage on shares of Asure Software in a research note on Monday, October 17th. They issued a “buy” rating and a $10.00 price target on the stock. Finally, TheStreet upgraded shares of Asure Software from a “sell” rating to a “hold” rating in a research note on Tuesday, September 27th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $9.75.
In related news, CEO Patrick Goepel purchased 50,000 shares of Asure Software stock in a transaction that occurred on Friday, September 2nd. The shares were purchased at an average cost of $5.29 per share, with a total value of $264,500.00. Following the transaction, the chief executive officer now owns 650,097 shares of the company’s stock, valued at approximately $3,439,013.13. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 27.00% of the company’s stock.
A hedge fund recently raised its stake in Asure Software stock. Vanguard Group Inc. increased its stake in Asure Software Inc. (NASDAQ:ASUR) by 0.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 82,997 shares of the company’s stock after buying an additional 373 shares during the period. Vanguard Group Inc. owned about 1.32% of Asure Software worth $391,000 at the end of the most recent quarter. 21.40% of the stock is owned by hedge funds and other institutional investors.
About Asure Software
Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.
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