Asure Software (NASDAQ:ASUR) Posts Quarterly Earnings Results, Misses Expectations By $0.07 EPS

Asure Software (NASDAQ:ASUR) issued its quarterly earnings results on Thursday. The technology company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.07), Zacks reports. Asure Software had a positive return on equity of 3.75% and a negative net margin of 10.54%.

Asure Software Price Performance

NASDAQ:ASUR traded down $0.25 during mid-day trading on Thursday, hitting $9.69. 127,149 shares of the company’s stock traded hands, compared to its average volume of 122,519. Asure Software has a 1 year low of $6.89 and a 1 year high of $12.74. The company has a market cap of $257.31 million, a PE ratio of -20.62, a price-to-earnings-growth ratio of 1.11 and a beta of 0.60. The company has a debt-to-equity ratio of 0.04, a quick ratio of 1.07 and a current ratio of 1.07. The firm’s 50 day simple moving average is $11.23 and its 200 day simple moving average is $9.83.

Analysts Set New Price Targets

Several equities analysts have issued reports on ASUR shares. Stifel Nicolaus boosted their target price on Asure Software from $10.00 to $11.00 and gave the stock a “buy” rating in a research report on Wednesday, December 18th. Needham & Company LLC reiterated a “buy” rating and issued a $20.00 price objective on shares of Asure Software in a research report on Wednesday, January 15th. Northland Securities boosted their target price on shares of Asure Software from $12.50 to $14.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 8th. Lake Street Capital upgraded shares of Asure Software from a “hold” rating to a “buy” rating in a research note on Tuesday, January 7th. Finally, Stephens restated an “overweight” rating and set a $13.00 target price on shares of Asure Software in a research report on Wednesday, January 15th. Seven analysts have rated the stock with a buy rating, According to MarketBeat, Asure Software presently has an average rating of “Buy” and a consensus target price of $14.17.

About Asure Software

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.