Asure Software (NASDAQ:ASUR) Issues 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 the consensus estimate 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 Price Performance

ASUR stock traded down $0.25 during trading on Thursday, hitting $9.69. 127,149 shares of the stock traded hands, compared to its average volume of 122,519. The stock has a market cap of $257.31 million, a price-to-earnings ratio of -20.62, a P/E/G ratio of 1.11 and a beta of 0.60. Asure Software has a one year low of $6.89 and a one year high of $12.74. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 0.04. The company has a 50 day simple moving average of $11.23 and a 200 day simple moving average of $9.83.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ASUR shares. Northland Securities boosted their price objective on shares of Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a report on Wednesday, January 8th. Stephens reiterated an “overweight” rating and issued a $13.00 price objective on shares of Asure Software in a research report on Wednesday, January 15th. Lake Street Capital upgraded Asure Software from a “hold” rating to a “buy” rating in a research report on Tuesday, January 7th. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Asure Software in a research note on Wednesday, January 15th. Finally, Stifel Nicolaus lifted their price target on shares of Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research note on Wednesday, December 18th. Seven analysts have rated the stock with a buy rating, Based on data from MarketBeat, the stock presently 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.