Asure Software (NASDAQ:ASUR) Releases Quarterly Earnings Results

Asure Software (NASDAQ:ASUR) issued its quarterly earnings results on Thursday. The technology company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07), Zacks reports. Asure Software had a positive return on equity of 3.75% and a negative net margin of 10.54%.

Asure Software Trading Down 2.5 %

Shares of ASUR stock traded down $0.25 during mid-day trading on Thursday, reaching $9.69. The company’s stock had a trading volume of 127,149 shares, compared to its average volume of 122,519. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 0.04. The firm has a market capitalization of $257.31 million, a PE ratio of -20.62, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The company’s 50 day simple moving average is $11.23 and its 200-day simple moving average is $9.83. Asure Software has a 12-month low of $6.89 and a 12-month high of $12.74.

Analyst Upgrades and Downgrades

ASUR has been the topic of several analyst reports. Northland Securities raised their price objective on Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Needham & Company LLC restated a “buy” rating and issued a $20.00 price target on shares of Asure Software in a report on Wednesday, January 15th. Stifel Nicolaus increased their price objective on shares of Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a report on Wednesday, December 18th. Lake Street Capital upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a report on Tuesday, January 7th. Finally, Stephens reaffirmed an “overweight” rating and set a $13.00 price target on shares of Asure Software in a research note on Wednesday, January 15th. Seven research analysts have rated the stock with a buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average price target of $14.17.

About Asure Software

Asure Software, Inc engages in the provision of cloud-based Human Capital Management (HCM) software solutions in the United States. It provides its human resources (HR) tool as Software-as-a-Service that helps various small and medium-sized businesses to build productive workforce to help them stay compliant and allocate resources to grow their business.