Asure Software Inc. Expected to Post Q3 2016 Earnings of $0.06 Per Share (ASUR)
Asure Software Inc. (NASDAQ:ASUR) – Lake Street Capital issued their Q3 2016 earnings per share (EPS) estimates for Asure Software in a note issued to investors on Monday. Lake Street Capital analyst E. Martinuzzi expects that the brokerage will post earnings of $0.06 per share for the quarter. Lake Street Capital has a “Buy” rating and a $10.00 price objective on the stock. Lake Street Capital also issued estimates for Asure Software’s Q4 2016 earnings at $0.08 EPS, FY2016 earnings at $0.18 EPS, Q1 2017 earnings at $0.04 EPS, Q2 2017 earnings at $0.06 EPS, Q3 2017 earnings at $0.07 EPS, Q4 2017 earnings at $0.07 EPS and FY2017 earnings at $0.25 EPS.
Asure Software (NASDAQ:ASUR) last issued its earnings results on Monday, August 15th. The company reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.02) by $0.17. The company had revenue of $9.70 million for the quarter, compared to analyst estimates of $7.20 million. Asure Software had a negative net margin of 9.35% and a negative return on equity of 23.43%.
Other research analysts also recently issued research reports about the company. Zacks Investment Research raised Asure Software from a “strong sell” rating to a “hold” rating in a research note on Wednesday, July 13th. TheStreet raised Asure Software from a “sell” rating to a “hold” rating in a research note on Tuesday, September 27th. One investment analyst has rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $7.38.
Shares of Asure Software (NASDAQ:ASUR) traded down 1.45% on Wednesday, hitting $6.82. 79,478 shares of the stock traded hands. Asure Software has a 1-year low of $4.28 and a 1-year high of $7.24. The stock’s market cap is $44.44 million. The stock has a 50 day moving average of $6.17 and a 200-day moving average of $5.29.
A hedge fund recently raised its stake in Asure Software stock. FMR LLC raised its stake in Asure Software Inc. (NASDAQ:ASUR) by 4.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 349,719 shares of the company’s stock after buying an additional 13,600 shares during the period. FMR LLC owned about 5.56% of Asure Software worth $1,647,000 as of its most recent SEC filing. 21.40% of the stock is currently owned by institutional investors.
In other Asure Software news, CEO Patrick Goepel bought 50,000 shares of the stock in a transaction on Friday, September 2nd. The stock was purchased at an average price of $5.29 per share, with a total value of $264,500.00. Following the completion of the purchase, the chief executive officer now owns 650,097 shares in the company, valued at $3,439,013.13. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 27.00% of the company’s stock.
About Asure Software
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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