Wall Street brokerages expect Asure Software Inc (NASDAQ:ASUR) to post sales of $25.31 million for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for Asure Software’s earnings, with the lowest sales estimate coming in at $24.82 million and the highest estimate coming in at $26.20 million. Asure Software reported sales of $23.46 million during the same quarter last year, which indicates a positive year-over-year growth rate of 7.9%. The company is scheduled to report its next quarterly earnings report after the market closes on Monday, November 11th.

On average, analysts expect that Asure Software will report full-year sales of $104.60 million for the current financial year, with estimates ranging from $104.00 million to $105.20 million. For the next fiscal year, analysts forecast that the company will post sales of $112.55 million, with estimates ranging from $110.00 million to $115.10 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research firms that cover Asure Software.

Asure Software (NASDAQ:ASUR) last issued its quarterly earnings results on Thursday, August 8th. The technology company reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.02 by $0.03. The business had revenue of $24.84 million for the quarter, compared to analysts’ expectations of $24.64 million. Asure Software had a negative net margin of 9.77% and a positive return on equity of 6.81%.

Several analysts have recently issued reports on the stock. Barrington Research initiated coverage on shares of Asure Software in a research report on Wednesday, October 9th. They set a “buy” rating and a $15.00 price target on the stock. ValuEngine upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a research note on Thursday, October 10th. Roth Capital restated a “buy” rating on shares of Asure Software in a research note on Friday, August 9th. Northland Securities restated a “buy” rating and set a $9.00 target price on shares of Asure Software in a research note on Wednesday, October 9th. Finally, Canaccord Genuity set a $12.00 target price on shares of Asure Software and gave the stock a “buy” rating in a research note on Monday, August 12th. Two research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Asure Software currently has an average rating of “Buy” and an average target price of $12.13.

Shares of ASUR traded down $0.15 during mid-day trading on Friday, hitting $8.43. 182,008 shares of the company’s stock were exchanged, compared to its average volume of 316,187. The company has a market cap of $130.62 million, a price-to-earnings ratio of 19.60, a P/E/G ratio of 1.58 and a beta of 1.26. Asure Software has a fifty-two week low of $4.26 and a fifty-two week high of $11.70. The company has a debt-to-equity ratio of 1.16, a quick ratio of 1.00 and a current ratio of 1.04. The stock’s 50-day moving average is $7.01 and its 200-day moving average is $7.29.

Several hedge funds have recently added to or reduced their stakes in the stock. S Squared Technology LLC increased its stake in shares of Asure Software by 21.2% during the second quarter. S Squared Technology LLC now owns 94,108 shares of the technology company’s stock worth $775,000 after buying an additional 16,461 shares during the period. Perritt Capital Management Inc. increased its stake in shares of Asure Software by 9.4% during the second quarter. Perritt Capital Management Inc. now owns 233,400 shares of the technology company’s stock worth $1,921,000 after buying an additional 20,000 shares during the period. Weber Alan W purchased a new stake in shares of Asure Software during the first quarter worth approximately $367,000. Paloma Partners Management Co purchased a new stake in shares of Asure Software during the second quarter worth approximately $556,000. Finally, Pacific Ridge Capital Partners LLC increased its stake in shares of Asure Software by 9.3% during the second quarter. Pacific Ridge Capital Partners LLC now owns 870,454 shares of the technology company’s stock worth $7,164,000 after buying an additional 74,098 shares during the period. Hedge funds and other institutional investors own 45.22% of the company’s stock.

Asure Software Company Profile

Asure Software, Inc provides cloud-based human capital management and workspace management solutions worldwide. Its product line includes AsureSpace workspace management solutions that enable organizations to optimize their real estate investment, and create a digital workspace that empowers mobile and virtual employees; and AsureForce time and labor management solutions to help organizations optimize their workforce, as well as control labor administration costs and activities.

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