Asure Software, Inc. Expected to Earn Q1 2024 Earnings of $0.17 Per Share (NASDAQ:ASUR)

Asure Software, Inc. (NASDAQ:ASURFree Report) – Equities researchers at Barrington Research issued their Q1 2024 earnings per share estimates for shares of Asure Software in a report released on Tuesday, February 27th. Barrington Research analyst V. Colicchio expects that the technology company will earn $0.17 per share for the quarter. Barrington Research currently has a “Outperform” rating and a $17.00 target price on the stock. The consensus estimate for Asure Software’s current full-year earnings is $0.46 per share. Barrington Research also issued estimates for Asure Software’s Q3 2024 earnings at $0.11 EPS and Q4 2024 earnings at $0.14 EPS.

Other research analysts also recently issued reports about the company. Stifel Nicolaus reduced their target price on Asure Software from $15.00 to $12.00 and set a “buy” rating for the company in a research note on Tuesday, November 14th. Lake Street Capital downgraded Asure Software from a “buy” rating to a “hold” rating and reduced their target price for the stock from $20.00 to $8.00 in a research note on Tuesday, November 14th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $20.00 price target on shares of Asure Software in a research report on Friday, January 19th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $15.20.

Read Our Latest Analysis on ASUR

Asure Software Trading Up 2.8 %

Shares of ASUR stock opened at $9.58 on Thursday. The company has a debt-to-equity ratio of 0.02, a current ratio of 1.11 and a quick ratio of 1.16. The company has a market cap of $244.58 million, a price-to-earnings ratio of -23.95, a PEG ratio of 0.93 and a beta of 0.76. The stock has a 50 day simple moving average of $9.21 and a 200-day simple moving average of $9.26. Asure Software has a 1-year low of $6.30 and a 1-year high of $17.14.

Institutional Trading of Asure Software

Large investors have recently made changes to their positions in the company. Bank of New York Mellon Corp grew its holdings in Asure Software by 5.2% in the 1st quarter. Bank of New York Mellon Corp now owns 38,875 shares of the technology company’s stock valued at $232,000 after buying an additional 1,909 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in Asure Software by 16.2% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 21,500 shares of the technology company’s stock valued at $128,000 after buying an additional 3,000 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Asure Software by 7.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 382,459 shares of the technology company’s stock valued at $2,276,000 after buying an additional 27,419 shares in the last quarter. Vanguard Group Inc. grew its holdings in Asure Software by 48.0% in the 1st quarter. Vanguard Group Inc. now owns 1,762,073 shares of the technology company’s stock valued at $10,484,000 after buying an additional 571,201 shares in the last quarter. Finally, S Squared Technology LLC grew its holdings in Asure Software by 3.2% in the 1st quarter. S Squared Technology LLC now owns 839,409 shares of the technology company’s stock valued at $4,994,000 after buying an additional 25,671 shares in the last quarter. 73.09% of the stock is currently owned by hedge funds and other institutional investors.

Asure Software Company Profile

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Asure Software, Inc provides cloud-based human capital management (HCM) software and services in the United States. It helps various small and medium-sized businesses to build productive teams to help them stay compliant and allocate resources to grow their business. The company's solutions include Asure Payroll & Tax, an integrated solution automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, direct deposits, and fair labor standard act, as well as federal, state, and local payroll taxes; human resource compliance that handles HR complexities, such as employee self-service, applicant tracking, onboarding, and compliance; and Asure Time & Attendance, which provides cost savings and return on investment gains come in the form of strategic use of labor dollars and the elimination of time theft.

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