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ASUR Stock Price & Analysis

Asure Software Inc
$
9.345
+0.215(+2.355%)6M

ASUR Stock Price Chart

5D
1M
3M
6M
YTD
1Y
5Y

ASUR Fundamental Analysis

6
buy
Moderate Buy
Buy
Hold
Sell
bubble
High
20.00
bubble
Averages
14.20
bubble
Low
11.00
Analyst
Rating
Action
Price Target
Date
Rating Reason
Needham
Joshua Reilly
Strong Buy
Reiterates
$20
2025-03-07
Barrington Research
Vincent Colicchio
Buy
Maintains
$17
2025-03-07
Stephens & Co.
Charles Nabhan
Buy
Reiterates
$13
2025-03-07
Stephens & Co.
Charles Nabhan
Buy
Reiterates
$13
2025-01-15
Needham
Joshua Reilly
Strong Buy
Reiterates
$20
2025-01-15

ASUR Earnings Analysis

Asure Software Inc Corporation (ASUR.O) Q4 2024 Earnings Conference Call

Positive

  • Modest Revenue Increase: Total revenue increased modestly to $119.8 million in 2024, with a 17% increase in total revenues excluding ERTC revenues.

  • Recurring Revenue Increase: Recurring revenues grew by 15% year-over-year, now representing 96% of total revenues, up from 84% in 2023.

  • Innovative Product Launch: The company launched innovative products like SurePay, which offers on-demand pay through a mobile app, enhancing employee retention and attraction.

  • Successful Acquisition Strategy: Acquisition strategy was successful, with a focus on payroll resellers, leading to new client acquisitions and a robust pipeline for future deals.

  • Payroll Units Momentum: Strong momentum in new payroll units and a significant increase in 401(k) product performance, leveraging the US government's Secure 2.0 Act.

  • New Bookings Surge: Sales efforts resulted in an 86% increase in new bookings compared to the previous year, indicating strong demand for services.

  • Backlog Growth Update: Contracted backlog grew by 17% since the third quarter, reaching $79 million, with a third expected to be recognized in 2025.

  • 2025 Revenue Guidance Reiteration: The company reiterated its 2025 revenue guidance of $134 to $138 million, indicating a positive mid-teens growth rate.

  • Partnership for Payroll Solutions: Signed a multiyear agreement with a leading firm to resell payroll and payroll tax management solutions, expanding market reach.

Negative

  • Earnings Miss Report: Asure Software, Inc. missed earnings expectations with a reported EPS of $0.15, falling short of the expected $0.16.

  • Net Loss Increase: The company experienced a net loss of $11.8 million for the full year, which is an increase from a loss of $9.2 million in the prior year.

  • Modest Annual Revenue Growth: Despite a 17% increase in total revenue for Q4, the overall revenue growth for the full year was modest, with total revenue only slightly increasing to $119.8 million.

  • Gross Margin Decline: Gross margins decreased from 72% in the prior year to 69% for the full year, indicating a decline in profitability.

  • HR Compliance Challenges: The company faced challenges in its HR compliance group related to ERTC upsell activity, which impacted revenue growth.

  • EBITDA Decline Analysis: Adjusted EBITDA for the full year decreased to $22.5 million from $23.3 million in the prior year, reflecting a decline in operational efficiency.

  • Subdued Revenue Growth Outlook: The anticipated revenue growth for Q1 2025 is expected to be subdued, with challenges in the HR compliance group continuing into the first half of the year.

ASUR News

bubble
4.0
03-07Business Insider
Asure (ASUR) Receives a Rating Update from a Top Analyst
bubble
4.0
03-07TipRanks
3 Best Stocks to Buy Now, 3/7/2025, According to Top Analysts
bubble
4.0
03-07Business Insider
Roth MKM Remains a Buy on Asure (ASUR)
bubble
1.0
03-04Business Insider
Asure Software participates in a conference call with Craig-Hallum
bubble
7.0
01-16NASDAQ.COM
Zacks Industry Outlook Highlights GoDaddy, MakeMyTrip, QuinStreet and Asure Software

ASUR FAQs

What is surpport and resistant level for ASUR Stock?

The S1 support level for ASUR Stock is $9.21 ,The R1 resistant level for ASUR Stock is $10.88.

What is the current price of ASUR Stock?

What is the target price of ASUR Stock?

What is the market cap of Asure Software Inc?

What is Asure Software Inc (ASUR)'s business?

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ASUR Key Stats

High
9.450
Vol
7.46K
Low
9.160
Amount
68.90K
Open
9.160
VWAP
9.24
Mkt Cap
247.13M
EV/EBITDA(TTM)
21.14

ASUR Company Profile

Asure Software, Inc. is a provider of cloud-based Human Capital Management (HCM) software and services, delivered as Software-as-a-Service (SaaS) for small and medium-sized businesses (SMBs). The Company’s HCM suite (AsureHCM) includes Payroll & Tax solutions, HR compliance and services, Time & Attendance software and data integrations. It offers these services directly and indirectly through its network of reseller partners. The Company’s solutions are primarily cloud-based and delivered as SaaS and HR services as well as professional services and hardware (time clocks and data collection devices). Asure Payroll & Tax is an integrated solution that provides a foundation for its clients digital HR strategy. It provides payroll tax processing software and service solutions for the payroll service industry, mid-market and large corporate employers. It provides three core levels of HR services: HR support, Strategic HR and Total HR. Asure Time & Attendance is a cloud-based software.