FY2016 EPS Estimates for Asure Software Inc. Increased by Analyst (ASUR)
Asure Software Inc. (NASDAQ:ASUR) – Equities researchers at Lake Street Capital upped their FY2016 earnings per share (EPS) estimates for Asure Software in a note issued to investors on Monday. Lake Street Capital analyst E. Martinuzzi now forecasts that the firm will post earnings of $0.20 per share for the year, up from their previous estimate of $0.18. Lake Street Capital has a “Buy” rating and a $10.00 price target on the stock. Lake Street Capital also issued estimates for Asure Software’s Q4 2016 earnings at $0.06 EPS and Q4 2017 earnings at $0.08 EPS.
Asure Software (NASDAQ:ASUR) last posted its quarterly earnings data on Monday, November 14th. The company reported $0.10 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.03. Asure Software had a positive return on equity of 14.38% and a negative net margin of 5.82%. The business had revenue of $9.40 million for the quarter, compared to analysts’ expectations of $9.58 million.
ASUR has been the subject of a number of other research reports. Barrington Research raised their target price on Asure Software from $8.00 to $10.00 and gave the company an “outperform” rating in a research note on Tuesday, November 1st. TheStreet upgraded Asure Software from a “sell” rating to a “hold” rating in a research note on Tuesday, September 27th. Zacks Investment Research upgraded Asure Software from a “hold” rating to a “strong-buy” rating and set a $8.75 target price for the company in a research note on Wednesday. Roth Capital began coverage on Asure Software in a research note on Friday, October 21st. They issued a “buy” rating and a $12.00 target price for the company. Finally, Wunderlich began coverage on Asure Software in a research note on Friday, October 28th. They issued a “buy” rating and a $12.00 target price for the company. One equities research analyst has rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $10.55.
Asure Software (NASDAQ:ASUR) opened at 8.46 on Wednesday. The stock’s market cap is $55.13 million. The firm has a 50-day moving average price of $6.88 and a 200 day moving average price of $5.55. Asure Software has a 52-week low of $4.28 and a 52-week high of $8.64.
An institutional investor recently raised its position in Asure Software stock. Vanguard Group Inc. increased its position in shares of Asure Software Inc. (NASDAQ:ASUR) by 0.5% during the second quarter, according to its most recent Form 13F 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 1.32% of Asure Software worth $391,000 as of its most recent filing with the SEC. 21.40% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Patrick Goepel acquired 50,000 shares of Asure Software stock in a transaction that occurred on Friday, September 2nd. The stock was bought at an average price of $5.29 per share, with a total value of $264,500.00. Following the transaction, the chief executive officer now directly owns 650,097 shares in the company, valued at $3,439,013.13. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 27.00% of the company’s stock.
Asure Software Company Profile
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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