Asure Software (NASDAQ:ASUR) Releases Earnings Results, Misses Estimates By $0.27 EPS

Asure Software (NASDAQ:ASUR) announced its earnings results on Thursday. The technology company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.27), FiscalAI reports. The firm had revenue of $37.11 million during the quarter, compared to analyst estimates of $36.96 million. Asure Software had a negative net margin of 6.81% and a positive return on equity of 8.12%.

Here are the key takeaways from Asure Software’s conference call:

• Q2 revenue rose 23% year over year to $37.1 million, while adjusted EBITDA increased 48% to $7.7 million and adjusted EBITDA margin expanded to 21% from 17%.
• Management raised full-year 2026 guidance to $159 million–$163 million of revenue and 24%–25% adjusted EBITDA margins, with Q3 revenue expected at $38 million–$40 million and adjusted EBITDA of $8 million–$10 million.
• AsureCentral now supports a majority of the company’s roughly 30,000 direct clients, contributing to a 6% year-over-year increase in multi-product customers and creating opportunities to expand average products per client from two toward four or more.
• The enterprise payroll tax platform reached an important milestone with 2 million Vensure-supported employees live; management also cited a robust pipeline, approximately $80 million of contracted backlog, and expectations for double-digit organic growth in the second half.
• Second-half reported growth will face comparisons against approximately $10 million of prior-year non-recurring revenue, including large tax-related professional services projects; the company currently expects only $5 million–$6 million of non-recurring revenue in the second half, while carrying $68.9 million of debt against $19.7 million of cash.

Asure Software Stock Performance

NASDAQ ASUR traded down $0.07 on Thursday, hitting $8.37. 135,193 shares of the stock were exchanged, compared to its average volume of 105,662. The company has a debt-to-equity ratio of 0.31, a current ratio of 1.05 and a quick ratio of 1.04. The business’s fifty day moving average is $8.35 and its 200 day moving average is $8.64. The company has a market capitalization of $240.05 million, a PE ratio of -23.25, a P/E/G ratio of 1.01 and a beta of 0.50. Asure Software has a 52 week low of $6.80 and a 52 week high of $10.25.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on ASUR. Wall Street Zen raised shares of Asure Software from a “hold” rating to a “buy” rating in a research note on Saturday, July 4th. Zacks Research lowered shares of Asure Software from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 20th. Weiss Ratings upgraded shares of Asure Software from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, July 2nd. Barrington Research reaffirmed an “outperform” rating and issued a $15.00 target price on shares of Asure Software in a research report on Friday, April 24th. Finally, TD Cowen upgraded shares of Asure Software to a “strong-buy” rating in a research note on Monday, May 18th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Asure Software presently has an average rating of “Moderate Buy” and an average price target of $15.00.

Institutional Investors Weigh In On Asure Software

Several hedge funds have recently added to or reduced their stakes in ASUR. Steward Partners Investment Advisory LLC bought a new stake in shares of Asure Software during the 4th quarter worth about $66,000. Boston Partners acquired a new stake in Asure Software during the 4th quarter worth approximately $108,000. Vanguard Group Inc. boosted its stake in Asure Software by 3.1% in the 3rd quarter. Vanguard Group Inc. now owns 1,401,318 shares of the technology company’s stock valued at $11,491,000 after purchasing an additional 41,539 shares during the period. Dimensional Fund Advisors LP boosted its stake in Asure Software by 0.6% in the 3rd quarter. Dimensional Fund Advisors LP now owns 925,362 shares of the technology company’s stock valued at $7,588,000 after purchasing an additional 5,855 shares during the period. Finally, Goldman Sachs Group Inc. grew its holdings in Asure Software by 100.8% in the 4th quarter. Goldman Sachs Group Inc. now owns 173,105 shares of the technology company’s stock valued at $1,631,000 after buying an additional 86,890 shares in the last quarter. Institutional investors and hedge funds own 71.58% of the company’s stock.

Asure Software Company Profile

Asure Software, Inc (NASDAQ: ASUR) is a Texas‐based technology company specializing in cloud‐based workforce and workspace management solutions. The company develops software that streamlines human capital management (HCM), payroll processing, time and attendance tracking, and workspace reservation for businesses seeking to optimize employee experience and operational efficiency.

The Asure platform includes modules for payroll administration, benefits enrollment, performance management, applicant tracking and onboarding, as well as mobile and web‐based timekeeping.