Asure Software (NASDAQ:ASUR) Releases Q2 2021 Earnings Guidance

Asure Software (NASDAQ:ASUR) issued an update on its second quarter 2021 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $-0.030–0.010 for the period, compared to the Thomson Reuters consensus estimate of $-0.010. The company issued revenue guidance of $16.50 million-17 million, compared to the consensus revenue estimate of $15.72 million.

Shares of ASUR traded down $0.12 during midday trading on Friday, hitting $8.17. The stock had a trading volume of 464 shares, compared to its average volume of 103,043. The firm has a 50 day moving average of $8.14. Asure Software has a twelve month low of $5.79 and a twelve month high of $9.25. The firm has a market capitalization of $155.51 million, a price-to-earnings ratio of -8.37 and a beta of 1.17. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 0.07.

Asure Software (NASDAQ:ASUR) last released its quarterly earnings results on Sunday, May 9th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.07 by $0.05. Asure Software had a negative return on equity of 0.27% and a negative net margin of 24.33%. On average, sell-side analysts predict that Asure Software will post -0.08 earnings per share for the current fiscal year.

ASUR has been the topic of several recent research reports. Barrington Research reissued an outperform rating on shares of Asure Software in a research note on Friday, March 12th. Needham & Company LLC lifted their target price on Asure Software from $9.00 to $11.00 and gave the company a buy rating in a research report on Friday, March 12th. Finally, Zacks Investment Research raised Asure Software from a sell rating to a hold rating in a research report on Tuesday, May 25th.

In related news, Director William Carl Drew bought 20,000 shares of the stock in a transaction that occurred on Friday, June 4th. The shares were acquired at an average price of $8.15 per share, with a total value of $163,000.00. Following the completion of the transaction, the director now owns 37,165 shares in the company, valued at $302,894.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 6.60% of the stock is currently owned by insiders.

Asure Software Company Profile

Asure Software, Inc provides cloud-based human capital management solutions the United States. It helps various small and mid-sized businesses to develop human capital to get to the next level, stay compliant, and allocate resources toward growth. The company's solutions include Asure Payroll & Tax, an integrated cloud-based solution automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, direct deposits, and fair labor standard act, as well as federal, state, and local payroll taxes; Asure HR, a cloud-based functionality that handles HR complexities, such as employee self-service that enable employees to access information, pay history, and company documents; and Asure Time & Attendance that provides cost savings and ROI gains come in the form of strategic use of labor dollars and the elimination of time theft.

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