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Asure Software, Inc. (ASUR) provides cloud-based human capital management (HCM) software and services in the United States. 
It helps various small and medium-sized businesses to build productive teams to help them stay compliant and allocate resources to grow their business.
The company's solutions include Asure Payroll & Tax, an integrated solution automates regulations associated with payroll and taxes, including wages, benefits, overtime, garnishments, tips, direct deposits, and fair labor standard act, as well as federal, state, and local payroll taxes; human resource compliance that handles HR complexities, such as employee self-service, applicant tracking, onboarding, and compliance; and Asure Time & Attendance, which provides cost savings and return on investment gains come in the form of strategic use of labor dollars and the elimination of time theft.
It also provides HR services that offers services comprising on-demand HR resource library, phone and email support for any HR issues, and compliance and policy updates; support for strategic HR decision making; and HR outsourcing solution.
In addition, the company offers payroll tax processing software and service solutions for the payroll service industry, and mid-market and large corporate employers; and AsureMarketplace that automates interactions between its HCM systems with third-party providers.
Shares have formed a bullish "flag" following its latest quarterly report. On February 27th, ASUR reported 4th Quarter December 2022 earnings of $0.19 per share on revenue of $29.3 million. The consensus estimate was for breakeven results on revenue of $23.7 million. Revenue grew 38.7% on a year-over-year basis.
Guided Higher: The company said it expects first quarter revenue of $29.0 million to $30.0 million and now expects 2023 revenue of $105.0 million to $107.0 million. The company's previous guidance was 2023 revenue of $98.0 million to $102.0 million. The current consensus revenue estimate is $26.67 million for the quarter ending March 31, 2023 and revenue of $99.73 million for the year ending December 31, 2023.
Entry Point: $14.00
Trading Range: $4.87 - $14.83
Stop Loss: $13.30
Target Price: $15.40
