Asure Software (NASDAQ:ASUR) Announces Earnings Results

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

Asure Software Trading Down 2.5 %

NASDAQ:ASUR traded down $0.25 during mid-day trading on Thursday, hitting $9.69. The company had a trading volume of 127,149 shares, compared to its average volume of 122,519. The firm has a market cap of $257.31 million, a P/E ratio of -20.62, a P/E/G ratio of 1.11 and a beta of 0.60. Asure Software has a fifty-two week low of $6.89 and a fifty-two week high of $12.74. The business’s fifty day moving average is $11.23 and its two-hundred day moving average is $9.83. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07.

Analyst Upgrades and Downgrades

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

Asure Software Company Profile

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.