We rank companies based on fund manager, research analyst and news sentiment
ASUR stock icon

Asure Software
ASUR

$7.28
0.34%
 

About: Asure Software Inc is a provider of cloud-based Human Capital Management (HCM) solutions delivered as Software-as-a-Service (SaaS). It facilitates small and mid-sized businesses (SMBs) to develop their Human Capital to get to the next level, stay compliant, and allocate their time, money and technology toward growth. The company's HCM suite, named AsureHCM, includes cloud-based Payroll and Tax, HR, a Time and Attendance software. Its HR services range from HR projects to outsourcing payroll to HR consulting services. The firm sells its HCM products majorly in the United States.

Employees: 581

0
Funds holding %
of 6,474 funds
0
Analysts bullish %
of 6 analysts
News positive %

Fund manager confidence

Based on 2023 Q4 SEC filings by fund managers ($100M+ AUM)

874% more call options, than puts

Call options by funds: $1.52M | Put options by funds: $156K

58% more repeat investments, than reductions

Existing positions increased: 41 | Existing positions reduced: 26

11% more capital invested

Capital invested by funds: $156M [Q3] → $174M (+$17.7M) [Q4]

6.82% more ownership

Funds ownership: 66.57% [Q3] → 73.39% (+6.82%) [Q4]

0% more funds holding in top 10

Funds holding in top 10: 3 [Q3] → 3 (+0) [Q4]

8% less first-time investments, than exits

New positions opened: 22 | Existing positions closed: 24

2% less funds holding

Funds holding: 108 [Q3] → 106 (-2) [Q4]

Research analyst outlook

6 Wall Street Analysts provided 1 year price forecasts over the past 6 months

Low target
$8
10%
upside
Avg. target
$15.67
115%
upside
High target
$20
175%
upside

6 analyst ratings

positive
83%
neutral
17%
negative
0%
Barrington Research
Vincent Colicchio
134%upside
$17
Outperform
Reiterated
27 Feb 2024
Needham
Joshua Reilly
175%upside
$20
Buy
Reiterated
19 Jan 2024
Stifel
Brad Reback
65%upside
$12
Buy
Maintained
14 Nov 2023
Lake Street
Eric Martinuzzi
10%upside
$8
Hold
Downgraded
14 Nov 2023
Barrington Research
Vincent Colicchio
134%upside
$17
Outperform
Reiterated
14 Nov 2023

Financial journalist opinion

Neutral
GlobeNewsWire
1 month ago
Asure Announces Fourth Quarter and Full Year 2023 Results
Reports Full Year Revenues of $119.1 million, up 24% from Prior Year Net loss of $9.2 million, an improvement of $5.3 million versus prior year loss of $14.5 million Adjusted EBITDA (1) of $23.3 million, up 97% year over year Management Reiterates 2024 Revenue Guidance of $125.0 million-$129.0 million AUSTIN, Texas, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Asure Software, Inc. (“we”, “us”, “our”, “Asure” or the “Company”) (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (“HCM”) software solutions, today reported results for the fourth quarter and full year ended December 31, 2023. Fourth Quarter 2023 Financial Highlights Revenue of $26.3 million, down 10% year over year, excluding ERTC revenue up 15% from prior year Recurring revenue of $25.0 million, up 4% year over year, excluding ERTC recurring revenue up 15% from prior year Net loss of $3.6 million versus a net loss of $1.1 million during the prior-year fourth quarter EBITDA (1) of $1.1 million versus $5.0 million from prior-year fourth quarter Adjusted EBITDA (1) of $2.8 million, versus $6.0 million from prior-year fourth quarter Gross profit of $17.8 million versus $21.1 million from prior-year fourth quarter Non-GAAP gross profit (1) of $18.8 million (Non-GAAP gross margin (1) of 72%) versus $22.3 million (and 76% in prior-year fourth quarter) Full Year 2023 Financial Highlights Revenue of $119.1 million up 24% year over year, excluding ERTC revenue up 19% from prior year Recurring revenue of $99.7 million up 16% year over year, excluding ERTC revenue up 19% from prior year Net loss of $9.2 million, an improvement of $5.3 million versus prior year loss of $14.5 million EBITDA (1) of $14.3 million up 63% year over year Adjusted EBITDA (1) of $23.3 million up 97% year over year Gross profit of $85.5 million versus $62.5 million in the prior year Non-GAAP gross profit (1) of $90.3 million versus $67.3 million in the prior year Recent Business Highlights Received Workday's Global Payroll Certification for integration with Workday HCM and Asure Payroll Tax Management.
Asure Announces Fourth Quarter and Full Year 2023 Results