Asure Software
ASUR

$10.23

1.89%

Market Cap: 264M

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

Information Technology Computer Integrated Systems Design

0

Funds holding %

of 6,702 funds

0

Analysts bullish %

of 9 analysts

–

News positive %

Fund manager confidence

Based on 2024 Q1 SEC filings by fund managers ($100M+ AUM)

202% more call options, than puts

Call options by funds: $1.82M | Put options by funds: $602K

0.98% more ownership

Funds ownership: 73.45% [Q4 2023] → 74.43% (+0.98%) [Q1 2024]

13% less funds holding

Funds holding: 107 [Q4 2023] → 93 (-14) [Q1 2024]

15% less capital invested

Capital invested by funds: $174M [Q4 2023] → $148M (-$25.9M) [Q1 2024]

21% less repeat investments, than reductions

Existing positions increased: 30 | Existing positions reduced: 38

58% less first-time investments, than exits

New positions opened: 10 | Existing positions closed: 24

67% less funds holding in top 10

Funds holding in top 10: 3 [Q4 2023] → 1 (-2) [Q1 2024]

See Fund Rankings

Research analyst outlook

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

Low target

$8.50

17%

downside

Avg. target

$15.94

56%

upside

High target

$20

96%

upside

9 analyst ratings

8 positive

89%

1 neutral

11%

0 negative

0%

Barrington Research Vincent Colicchio	66%upside $17	Outperform Maintained	26 Jul 2024
Barrington Research Vincent Colicchio	66%upside $17	Outperform Maintained	17 Jun 2024
Needham Joshua Reilly	96%upside $20	Buy Reiterated	16 May 2024
TD Cowen Bryan Bergin	2%downside $10	Buy Maintained	6 May 2024
Lake Street Eric Martinuzzi	17%downside $8.5	Hold Maintained	3 May 2024

See Analyst Rankings

Financial journalist opinion

Asure Software to Announce Second Quarter 2024 Financial Results on August 1, 2024

AUSTIN, Texas, July 18, 2024 (GLOBE NEWSWIRE) -- Asure Software, Inc. (“Asure” or the “Company”) (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software solutions, announced today that the Company will hold a conference call on Thursday, August 1, 2024 at 4:30 p.m. Eastern time to discuss its financial results for the second quarter of 2024. Financial results will be issued via press release prior to the call.

Asure Software to Announce Second Quarter 2024 Financial Results on August 1, 2024

Asure Announces Strategic Partnership with MyHRScreens to Provide Enhanced Background Screening Services for Small and Mid-Sized Businesses

Comprehensive background checks mitigate risk, accelerate employee onboarding and support growth and success for small businesses Comprehensive background checks mitigate risk, accelerate employee onboarding and support growth and success for small businesses

Asure Announces Strategic Partnership with MyHRScreens to Provide Enhanced Background Screening Services for Small and Mid-Sized Businesses

Asure Powers New Payroll Tax Product for Vensure Employer Solutions

Collaboration will introduce the PrismHR TAX platform, delivering payroll tax management services for PrismHR clients and Vensure's internal operations.

Asure Powers New Payroll Tax Product for Vensure Employer Solutions

Asure Releases 2024 HR Benchmark Report and Survey Results

AUSTIN, Texas, May 30, 2024 (GLOBE NEWSWIRE) -- Asure (NASDAQ: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software solutions, announced today that it has released its annual HR Benchmark Report for small businesses. The report reveals that businesses prioritizing human resources (HR) best practices significantly outperform their peers, underscoring the critical role of strategic people management in fostering business success.

Asure Releases 2024 HR Benchmark Report and Survey Results

EVOLVE 2024 Welcomes AWS Leader to Discuss the Transformative Power of Generative AI

AUSTIN, Texas, May 21, 2024 (GLOBE NEWSWIRE) -- Asure (NASDAQ: ASUR), a leading provider of cloud-based Human Capital Management (HCM) software solutions, is pleased to announce that Vidya Sagar Ravipati, Applied Science Manager at the Amazon Web Services (AWS) Generative AI Innovation Center, will be a guest speaker at its EVOLVE 2024 conference, June 4-7 in Austin, TX. Exclusively designed for Asure Reseller partners, EVOLVE offers a blend of strategic insights and practical sessions aimed at helping HCM resellers drive growth and enhance efficiency.

EVOLVE 2024 Welcomes AWS Leader to Discuss the Transformative Power of Generative AI

Asure Celebrates 100th Episode Milestone of its "Mission to Grow" Podcast

AUSTIN, Texas, May 14, 2024 (GLOBE NEWSWIRE) -- Asure, a leading provider of cloud-based Human Capital Management (HCM) software solutions, proudly announces the commemoration of a significant milestone: the 100th episode of its small business podcast, "Mission to Grow." This achievement marks a testament to Asure's commitment to empowering small businesses with valuable insights and strategies for success.

Asure Celebrates 100th Episode Milestone of its "Mission to Grow" Podcast

Asure Software Sets May & June 2024 Investor Conference Schedule

AUSTIN, Texas, May 08, 2024 (GLOBE NEWSWIRE) -- Asure Software, Inc. (Nasdaq: ASUR), a leading provider of cloud-based Human Capital Management (“HCM”) software solutions, is scheduled to participate at the following financial conferences during May and June 2024:

Asure Software Sets May & June 2024 Investor Conference Schedule

Zacks Investment Research

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Inflationary pressure and higher interest rates are major concerns for the Zacks Internet - Delivery Services industry. However, efforts toward adopting consumer preferences and technological advancements are likely to help GDDY, VIPS, MMYT and ASUR tide through the headwinds.

4 Internet Delivery Services Stocks to Watch Despite Industry Woes

Asure Software, Inc. (ASUR) Q1 2024 Earnings Call Transcript

Asure Software, Inc. (NASDAQ:ASUR ) Q1 2024 Earnings Conference Call May 2, 2024 4:30 PM ET Company Participants Patrick McKillop - Vice President, Investor Relations Pat Goepel - Chairman & Chief Executive Officer John Pence - Chief Financial Officer Eyal Goldstein - President & Chief Revenue Officer Conference Call Participants Joshua Reilly - Needham & Company Bryan Bergin - TD Cowen Richard Baldry - ROTH MKM Jeff Van Rhee - Craig-Hallum Capital Group Vincent Colicchio - Barrington Research Eric Martinuzzi - Lake Street Operator Good afternoon, and welcome to Asure's First Quarter 2024 Earnings Conference Call. Joining us today for today's call are Chairman and CEO, Pat Goepel; Chief Financial Officer, John Pence; and Vice President of Investor Relations, Patrick McKillop.

Asure Software, Inc. (ASUR) Q1 2024 Earnings Call Transcript

Asure Announces First Quarter 2024 Results

Reports First Quarter Revenues of $31.7 Million Management Reiterates 2024 Revenue Guidance of $125.0 Million - $129.0 Million AUSTIN, Texas, May 02, 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 first quarter ended March 31, 2024. First Quarter 2024 Financial Highlights Revenue of $31.7 million, down 4% year over year Revenue (excluding ERTC revenue) of $30.7 million, up 10% from $28.0 million in the prior year Recurring revenue of $30.3 million, up 8% year over year Recurring revenue excluding ERTC recurring revenue of zero, up 9% from $27.7 million in the prior year Net loss of $0.3 million versus a net income of $0.3 million during the prior year EBITDA(1) of $4.4 million versus $ 6.8 million from prior year Adjusted EBITDA(1) of $6.8 million versus $8.2 million from prior year Gross profit of $22.6 million versus $24.4 million from prior year Non-GAAP gross profit(1) of $23.8 million (Non-GAAP gross margin(1) of 75%) versus $25.7 million (and 78% in prior year) Recent Business Highlights Launched best-in-class employee self-service and role-based identity access to remove administrative burden for small business owners and empower their employees to better manage their own data.

Asure Announces First Quarter 2024 Results

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