Asure Software (ASUR) Scheduled to Post Earnings on Thursday

Asure Software (NASDAQ:ASUR) will announce its earnings results after the market closes on Thursday, October 31st. Analysts expect the company to announce earnings of $0.18 per share for the quarter. Asure Software has set its FY 2024 guidance at EPS and its Q3 2024 guidance at EPS.Parties that are interested in registering for the company’s conference call can do so using this link.

Asure Software (NASDAQ:ASUR) last posted its earnings results on Thursday, August 1st. The technology company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). Asure Software had a positive return on equity of 3.75% and a negative net margin of 9.07%. The company had revenue of $28.04 million for the quarter, compared to analysts’ expectations of $28.56 million. On average, analysts expect Asure Software to post $0 EPS for the current fiscal year and $1 EPS for the next fiscal year.

Asure Software Price Performance

Asure Software stock opened at $9.62 on Wednesday. The firm has a market capitalization of $254.55 million, a P/E ratio of -22.90, a PEG ratio of 0.95 and a beta of 0.55. Asure Software has a one year low of $6.30 and a one year high of $10.52. The company has a debt-to-equity ratio of 0.03, a current ratio of 1.11 and a quick ratio of 1.11. The business has a fifty day moving average price of $8.94 and a 200-day moving average price of $8.40.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Barrington Research reaffirmed an “outperform” rating and set a $17.00 target price on shares of Asure Software in a report on Monday. Needham & Company LLC reaffirmed a “buy” rating and set a $20.00 price objective on shares of Asure Software in a research note on Friday, August 2nd. Finally, Stephens started coverage on shares of Asure Software in a report on Wednesday, October 16th. They set an “overweight” rating and a $13.00 target price on the stock. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $13.33.

Insider Transactions at Asure Software

In related news, CRO Eyal Goldstein sold 10,000 shares of the company’s stock in a transaction that occurred on Tuesday, August 20th. The shares were sold at an average price of $8.44, for a total value of $84,400.00. Following the transaction, the executive now directly owns 239,243 shares in the company, valued at approximately $2,019,210.92. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Daniel M. Gill sold 5,000 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $8.69, for a total value of $43,450.00. Following the completion of the transaction, the director now directly owns 28,165 shares in the company, valued at approximately $244,753.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CRO Eyal Goldstein sold 10,000 shares of the stock in a transaction on Tuesday, August 20th. The shares were sold at an average price of $8.44, for a total value of $84,400.00. Following the completion of the transaction, the executive now directly owns 239,243 shares in the company, valued at approximately $2,019,210.92. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 8.90% of the stock is owned by insiders.

Asure Software Company Profile

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.