Asure Software Inc (NASDAQ:ASUR) – Research analysts at Dougherty & Co issued their Q2 2018 earnings per share (EPS) estimates for shares of Asure Software in a research report issued on Thursday, June 28th. Dougherty & Co analyst J. Hamblin forecasts that the technology company will post earnings of $0.04 per share for the quarter. Dougherty & Co also issued estimates for Asure Software’s FY2018 earnings at $0.67 EPS.
Asure Software (NASDAQ:ASUR) last released its quarterly earnings data on Wednesday, May 9th. The technology company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.08 by $0.05. Asure Software had a positive return on equity of 9.04% and a negative net margin of 10.45%. The firm had revenue of $19.30 million for the quarter, compared to the consensus estimate of $18.23 million.
Other research analysts also recently issued research reports about the company. ValuEngine upgraded Asure Software from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Barrington Research set a $20.00 price target on Asure Software and gave the company a “buy” rating in a report on Thursday, March 29th. Canaccord Genuity restated a “buy” rating and set a $21.00 price target on shares of Asure Software in a report on Thursday, May 10th. Lake Street Capital boosted their price target on Asure Software to $20.00 and gave the company a “buy” rating in a report on Thursday, May 10th. Finally, Needham & Company LLC initiated coverage on Asure Software in a report on Monday, April 23rd. They set a “buy” rating on the stock. Two research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $20.00.
Shares of Asure Software opened at $16.21 on Monday, MarketBeat Ratings reports. Asure Software has a 1 year low of $9.89 and a 1 year high of $19.78. The stock has a market cap of $239.21 million, a P/E ratio of 35.66, a price-to-earnings-growth ratio of 0.84 and a beta of 1.25. The company has a current ratio of 1.14, a quick ratio of 1.13 and a debt-to-equity ratio of 1.65.
Hedge funds have recently bought and sold shares of the business. Dubuque Bank & Trust Co. purchased a new position in shares of Asure Software during the 1st quarter worth approximately $125,000. Element Capital Management LLC purchased a new position in shares of Asure Software during the 1st quarter worth approximately $142,000. Goldman Sachs Group Inc. purchased a new position in shares of Asure Software during the 4th quarter worth approximately $150,000. Cambridge Investment Research Advisors Inc. purchased a new position in shares of Asure Software during the 1st quarter worth approximately $187,000. Finally, Virtu Financial LLC purchased a new position in shares of Asure Software during the 4th quarter worth approximately $231,000. Hedge funds and other institutional investors own 43.59% of the company’s stock.
In other Asure Software news, Director Daniel M. Gill sold 500,000 shares of the company’s stock in a transaction that occurred on Monday, June 18th. The stock was sold at an average price of $16.45, for a total transaction of $8,225,000.00. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 18.20% of the stock is owned by insiders.
About Asure Software
Asure Software Inc provides cloud-based software-as-a-service time and labor management, and workspace management solutions worldwide. The company's product line includes AsureSpace workplace management solutions that enable organizations to manage their office environments and optimize real estate utilization; and AsureForce time and labor management solutions to help organizations optimize workforce, as well as control labor administration costs and activities.
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