Equities research analysts expect Asure Software Inc (NASDAQ:ASUR) to post $14.35 million in sales for the current fiscal quarter, Zacks reports. Two analysts have issued estimates for Asure Software’s earnings, with the highest sales estimate coming in at $14.40 million and the lowest estimate coming in at $14.30 million. Asure Software reported sales of $24.84 million during the same quarter last year, which indicates a negative year over year growth rate of 42.2%. The company is scheduled to report its next earnings results on Thursday, August 13th.
On average, analysts expect that Asure Software will report full-year sales of $64.94 million for the current year, with estimates ranging from $64.80 million to $65.07 million. For the next financial year, analysts forecast that the business will report sales of $69.30 million. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Asure Software.
Asure Software (NASDAQ:ASUR) last released its quarterly earnings data on Thursday, May 7th. The technology company reported $0.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.16 by $0.05. Asure Software had a net margin of 36.22% and a return on equity of 2.28%. The firm had revenue of $18.95 million for the quarter, compared to the consensus estimate of $18.72 million.
In other news, Director William Carl Drew acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 3rd. The stock was acquired at an average price of $6.37 per share, with a total value of $63,700.00. Also, Director Red Oak Partners, Llc sold 18,555 shares of the company’s stock in a transaction dated Tuesday, May 12th. The stock was sold at an average price of $7.47, for a total transaction of $138,605.85. The disclosure for this sale can be found here. Corporate insiders own 20.60% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Private Capital Management LLC lifted its position in Asure Software by 40.2% during the first quarter. Private Capital Management LLC now owns 1,877,887 shares of the technology company’s stock worth $11,192,000 after purchasing an additional 538,413 shares during the period. ArrowMark Colorado Holdings LLC lifted its position in Asure Software by 0.5% during the first quarter. ArrowMark Colorado Holdings LLC now owns 1,543,105 shares of the technology company’s stock worth $9,197,000 after purchasing an additional 6,950 shares during the period. Pacific Ridge Capital Partners LLC lifted its position in Asure Software by 5.5% during the fourth quarter. Pacific Ridge Capital Partners LLC now owns 958,006 shares of the technology company’s stock worth $7,836,000 after purchasing an additional 49,896 shares during the period. Russell Investments Group Ltd. lifted its position in Asure Software by 9.5% during the first quarter. Russell Investments Group Ltd. now owns 299,698 shares of the technology company’s stock worth $1,784,000 after purchasing an additional 26,074 shares during the period. Finally, BlackRock Inc. lifted its position in Asure Software by 2.1% during the first quarter. BlackRock Inc. now owns 256,841 shares of the technology company’s stock worth $1,530,000 after purchasing an additional 5,264 shares during the period. 63.84% of the stock is owned by institutional investors and hedge funds.
Shares of NASDAQ:ASUR traded down $0.41 on Friday, hitting $6.35. The company had a trading volume of 1,649,982 shares, compared to its average volume of 221,594. Asure Software has a 1-year low of $4.30 and a 1-year high of $10.25. The stock has a market cap of $99.98 million, a price-to-earnings ratio of 3.16, a P/E/G ratio of 2.72 and a beta of 1.18. The stock has a 50 day moving average price of $6.47 and a 200 day moving average price of $7.19. The company has a current ratio of 1.11, a quick ratio of 1.10 and a debt-to-equity ratio of 0.16.
About Asure Software
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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