Brokerages predict that Asure Software Inc (NASDAQ:ASUR) will post $18.29 million in sales for the current fiscal quarter, Zacks reports. Three analysts have made estimates for Asure Software’s earnings. The lowest sales estimate is $16.90 million and the highest is $19.60 million. Asure Software posted sales of $10.73 million in the same quarter last year, which suggests a positive year over year growth rate of 70.5%. The firm is scheduled to issue its next quarterly earnings results on Thursday, May 10th.
On average, analysts expect that Asure Software will report full-year sales of $18.29 million for the current year, with estimates ranging from $79.10 million to $80.50 million. For the next year, analysts anticipate that the company will report sales of $88.90 million per share, with estimates ranging from $88.00 million to $89.80 million. Zacks’ sales averages are a mean average based on a survey of sell-side research analysts that follow Asure Software.
A number of brokerages have issued reports on ASUR. Barrington Research set a $20.00 target price on Asure Software and gave the stock a “buy” rating in a report on Sunday. ValuEngine cut Asure Software from a “buy” rating to a “hold” rating in a report on Wednesday, March 7th. Canaccord Genuity reiterated a “buy” rating and set a $20.00 price objective on shares of Asure Software in a report on Tuesday, January 2nd. Craig Hallum began coverage on Asure Software in a report on Monday, December 4th. They set a “buy” rating on the stock. Finally, Dougherty & Co reiterated a “buy” rating and set a $18.00 price objective (up previously from $17.00) on shares of Asure Software in a report on Wednesday, January 3rd. Three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Asure Software currently has a consensus rating of “Buy” and a consensus target price of $18.50.
Shares of Asure Software (ASUR) traded up $0.46 on Friday, reaching $14.18. The company’s stock had a trading volume of 124,280 shares, compared to its average volume of 139,607. The company has a debt-to-equity ratio of 1.04, a quick ratio of 1.37 and a current ratio of 1.39. Asure Software has a 12-month low of $9.47 and a 12-month high of $17.53. The company has a market capitalization of $190.02, a PE ratio of -26.38, a P/E/G ratio of 0.77 and a beta of 1.10.
Several large investors have recently added to or reduced their stakes in ASUR. Goldman Sachs Group Inc. bought a new stake in Asure Software in the 4th quarter valued at approximately $150,000. Monashee Investment Management LLC bought a new stake in Asure Software in the 4th quarter valued at approximately $151,000. Cambridge Investment Research Advisors Inc. bought a new stake in Asure Software in the 3rd quarter valued at approximately $135,000. Virtu Financial LLC bought a new stake in Asure Software in the 4th quarter valued at approximately $231,000. Finally, Raymond James Financial Services Advisors Inc. bought a new stake in Asure Software in the 4th quarter valued at approximately $321,000. Institutional investors and hedge funds own 52.52% of the company’s stock.
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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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