Analysts forecast that Asure Software Inc (NASDAQ:ASUR) will report sales of $15.81 million for the current fiscal quarter, Zacks reports. Four analysts have made estimates for Asure Software’s earnings. The lowest sales estimate is $15.76 million and the highest is $15.87 million. Asure Software reported sales of $9.72 million in the same quarter last year, which indicates a positive year over year growth rate of 62.7%. The company is expected to issue its next quarterly earnings report on Monday, March 19th.
According to Zacks, analysts expect that Asure Software will report full-year sales of $15.81 million for the current fiscal year, with estimates ranging from $54.89 million to $55.01 million. For the next fiscal year, analysts anticipate that the firm will post sales of $79.34 million per share, with estimates ranging from $78.60 million to $80.12 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that that provide coverage for Asure Software.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Asure Software from a “sell” rating to a “hold” rating and set a $16.00 price objective for the company in a report on Tuesday, January 2nd. Canaccord Genuity restated a “buy” rating and set a $20.00 price objective on shares of Asure Software in a report on Tuesday, January 2nd. Cowen boosted their price objective on shares of Asure Software from $17.00 to $20.00 and gave the company an “outperform” rating in a report on Tuesday, December 19th. Dougherty & Co restated a “buy” rating and set a $18.00 price objective (up previously from $17.00) on shares of Asure Software in a report on Wednesday, January 3rd. Finally, Northland Securities set a $19.00 price objective on shares of Asure Software and gave the company a “buy” rating in a report on Wednesday, January 3rd. Two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $17.63.
A number of hedge funds and other institutional investors have recently modified their holdings of ASUR. Driehaus Capital Management LLC acquired a new position in Asure Software during the fourth quarter valued at approximately $6,564,000. Alyeska Investment Group L.P. boosted its holdings in shares of Asure Software by 548.1% in the third quarter. Alyeska Investment Group L.P. now owns 450,000 shares of the technology company’s stock valued at $5,589,000 after buying an additional 380,570 shares during the period. PenderFund Capital Management Ltd. acquired a new position in shares of Asure Software in the fourth quarter valued at approximately $4,357,000. Argent Capital Management LLC acquired a new position in shares of Asure Software in the third quarter valued at approximately $1,691,000. Finally, Allianz Asset Management GmbH boosted its holdings in shares of Asure Software by 150.1% in the fourth quarter. Allianz Asset Management GmbH now owns 215,825 shares of the technology company’s stock valued at $3,047,000 after buying an additional 129,540 shares during the period. Hedge funds and other institutional investors own 50.76% of the company’s stock.
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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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