Barrington Research Weighs in on Asure Software Inc’s FY2019 Earnings (NASDAQ:ASUR)

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Asure Software Inc (NASDAQ:ASUR) – Analysts at Barrington Research reduced their FY2019 EPS estimates for shares of Asure Software in a research note issued to investors on Tuesday, November 12th. Barrington Research analyst V. Colicchio now anticipates that the technology company will earn $0.18 per share for the year, down from their prior forecast of $0.35. Barrington Research has a “Buy” rating and a $15.00 price objective on the stock. Barrington Research also issued estimates for Asure Software’s FY2020 earnings at $0.44 EPS.

Asure Software (NASDAQ:ASUR) last issued its earnings results on Monday, November 11th. The technology company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.03 by $0.08. Asure Software had a positive return on equity of 6.25% and a negative net margin of 9.43%. The firm had revenue of $24.56 million for the quarter, compared to the consensus estimate of $25.31 million.

ASUR has been the topic of a number of other research reports. Canaccord Genuity set a $12.00 target price on Asure Software and gave the stock a “buy” rating in a research note on Monday, August 12th. Northland Securities reiterated a “buy” rating and set a $9.00 price target on shares of Asure Software in a research report on Wednesday, October 9th. Needham & Company LLC lowered their price target on Asure Software from $12.00 to $11.00 and set a “buy” rating on the stock in a research report on Tuesday. Roth Capital reiterated a “buy” rating on shares of Asure Software in a research report on Friday, August 9th. Finally, ValuEngine downgraded Asure Software from a “buy” rating to a “hold” rating in a research report on Monday. Two analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $11.93.

Shares of ASUR traded down $0.07 during mid-day trading on Friday, reaching $8.48. The company had a trading volume of 3,725 shares, compared to its average volume of 180,703. Asure Software has a 52-week low of $4.26 and a 52-week high of $10.25. The company has a quick ratio of 1.00, a current ratio of 1.03 and a debt-to-equity ratio of 1.20. The stock has a market capitalization of $135.14 million, a P/E ratio of 19.81, a PEG ratio of 1.58 and a beta of 1.31. The stock has a 50 day moving average of $8.23 and a two-hundred day moving average of $7.59.

A number of hedge funds have recently modified their holdings of the business. Paloma Partners Management Co purchased a new position in Asure Software during the second quarter worth approximately $556,000. Perritt Capital Management Inc. boosted its position in Asure Software by 9.4% during the second quarter. Perritt Capital Management Inc. now owns 233,400 shares of the technology company’s stock worth $1,921,000 after purchasing an additional 20,000 shares in the last quarter. S Squared Technology LLC raised its holdings in shares of Asure Software by 21.2% during the second quarter. S Squared Technology LLC now owns 94,108 shares of the technology company’s stock valued at $775,000 after acquiring an additional 16,461 shares during the last quarter. Pacific Ridge Capital Partners LLC raised its holdings in shares of Asure Software by 9.3% during the second quarter. Pacific Ridge Capital Partners LLC now owns 870,454 shares of the technology company’s stock valued at $7,164,000 after acquiring an additional 74,098 shares during the last quarter. Finally, Skylands Capital LLC raised its holdings in shares of Asure Software by 69.3% during the second quarter. Skylands Capital LLC now owns 378,550 shares of the technology company’s stock valued at $3,115,000 after acquiring an additional 154,946 shares during the last quarter. Institutional investors own 42.33% of the company’s stock.

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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