Asure Software (NASDAQ:ASUR) issued its quarterly earnings data on Friday. The technology company reported $0.12 EPS for the quarter, missing the consensus estimate of $0.14 by ($0.02), Morningstar.com reports. The firm had revenue of $23.46 million for the quarter, compared to analysts’ expectations of $24.75 million. Asure Software had a negative net margin of 11.85% and a positive return on equity of 9.05%. Asure Software updated its FY 2018 guidance to EPS and its FY 2019 guidance to EPS.
NASDAQ:ASUR traded down $3.29 during mid-day trading on Friday, hitting $7.75. 1,471,059 shares of the stock traded hands, compared to its average volume of 229,296. The stock has a market cap of $172.32 million, a P/E ratio of 17.22, a P/E/G ratio of 0.74 and a beta of 1.10. Asure Software has a 12-month low of $7.50 and a 12-month high of $19.78. The company has a current ratio of 1.54, a quick ratio of 1.52 and a debt-to-equity ratio of 1.06.
Several equities analysts recently commented on the stock. Barrington Research set a $25.00 price objective on shares of Asure Software and gave the company a “buy” rating in a research note on Thursday, August 9th. Lake Street Capital set a $15.00 price objective on shares of Asure Software and gave the company a “buy” rating in a research note on Friday. ValuEngine cut shares of Asure Software from a “sell” rating to a “strong sell” rating in a research note on Saturday. Dougherty & Co assumed coverage on shares of Asure Software in a research note on Tuesday, August 28th. They set a “buy” rating and a $20.00 price objective for the company. Finally, Zacks Investment Research raised shares of Asure Software from a “sell” rating to a “hold” rating in a research note on Tuesday, October 23rd. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have issued a buy rating to the company’s stock. Asure Software has a consensus rating of “Buy” and a consensus price target of $19.71.
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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