Asure Software Inc (ASUR) Issues FY17 Earnings Guidance
Asure Software Inc (NASDAQ:ASUR) issued an update on its FY17 earnings guidance on Friday morning. The company provided EPS guidance of $0.50-0.59 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.58.
Asure Software Inc (NASDAQ:ASUR) opened at 14.63 on Friday. The stock has a 50 day moving average price of $11.66 and a 200-day moving average price of $10.45. The stock’s market capitalization is $126.26 million. Asure Software Inc has a 1-year low of $4.45 and a 1-year high of $15.40.
Asure Software (NASDAQ:ASUR) last released its earnings results on Thursday, May 11th. The technology company reported ($0.02) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by $0.08. Asure Software had a negative net margin of 5.82% and a positive return on equity of 14.38%. The firm had revenue of $10.73 million during the quarter, compared to analyst estimates of $10.03 million. Equities research analysts expect that Asure Software Inc will post $0.67 EPS for the current year.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised Asure Software from a sell rating to a hold rating in a research report on Tuesday. Wunderlich upped their target price on Asure Software from $15.00 to $18.00 and gave the company a buy rating in a research report on Friday, May 12th. Canaccord Genuity reissued a buy rating and issued a $17.00 target price on shares of Asure Software in a research report on Wednesday. Lake Street Capital reissued a buy rating and issued a $16.00 target price (up from $12.00) on shares of Asure Software in a research report on Friday, May 12th. Finally, Barrington Research reissued an outperform rating and issued a $13.00 target price (up from $12.00) on shares of Asure Software in a research report on Tuesday, March 21st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $14.13.
Institutional investors have recently added to or reduced their stakes in the stock. Geode Capital Management LLC increased its position in Asure Software by 14.4% in the first quarter. Geode Capital Management LLC now owns 39,376 shares of the technology company’s stock valued at $404,000 after buying an additional 4,961 shares during the last quarter. Dimensional Fund Advisors LP bought a new stake in shares of Asure Software during the first quarter valued at $519,000. Finally, Vanguard Group Inc. increased its stake in shares of Asure Software by 48.8% in the first quarter. Vanguard Group Inc. now owns 259,915 shares of the technology company’s stock valued at $2,672,000 after buying an additional 85,205 shares in the last quarter. 17.56% of the stock is currently owned by hedge funds and other institutional investors.
Asure Software Company Profile
Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.
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