Asure Software (ASUR) Set to Announce Quarterly Earnings on Thursday

Asure Software (NASDAQ:ASUR) is scheduled to 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.Investors interested in registering for the company’s conference call can do so using this link.

Asure Software (NASDAQ:ASUR) last posted its quarterly 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). The business had revenue of $28.04 million during the quarter, compared to analyst estimates of $28.56 million. Asure Software had a negative net margin of 9.07% and a positive return on equity of 3.75%. 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 Stock Performance

ASUR opened at $9.62 on Wednesday. Asure Software has a 1-year low of $6.30 and a 1-year high of $10.52. The company has a market cap of $254.55 million, a price-to-earnings ratio of -22.90, a PEG ratio of 0.95 and a beta of 0.55. The company’s fifty day moving average price is $8.94 and its two-hundred day moving average price is $8.40. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 0.03.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on ASUR. Needham & Company LLC restated a “buy” rating and issued a $20.00 target price on shares of Asure Software in a report on Friday, August 2nd. Barrington Research reissued an “outperform” rating and issued a $17.00 price objective on shares of Asure Software in a research note on Monday. Finally, Stephens initiated coverage on Asure Software in a research report on Wednesday, October 16th. They set an “overweight” rating and a $13.00 target price on the stock. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $13.33.

Insiders Place Their Bets

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

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.