Monashee Investment Management LLC bought a new stake in shares of Asure Software Inc (NASDAQ:ASUR) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 10,699 shares of the technology company’s stock, valued at approximately $151,000. Monashee Investment Management LLC owned about 0.09% of Asure Software at the end of the most recent reporting period.
A number of other hedge funds have also added to or reduced their stakes in the business. Cambridge Investment Research Advisors Inc. bought a new position in shares of Asure Software during the third quarter worth about $135,000. Virtu Financial LLC bought a new position in shares of Asure Software during the fourth quarter worth about $231,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Asure Software during the fourth quarter worth about $321,000. Northern Trust Corp grew its position in shares of Asure Software by 37.8% during the second quarter. Northern Trust Corp now owns 24,419 shares of the technology company’s stock worth $357,000 after acquiring an additional 6,692 shares during the last quarter. Finally, Gradient Investments LLC bought a new position in shares of Asure Software during the fourth quarter worth about $416,000. Hedge funds and other institutional investors own 50.76% of the company’s stock.
Several research firms have recently commented on ASUR. Craig Hallum began coverage on shares of Asure Software in a research report on Monday, December 4th. They set a “buy” rating for the company. Canaccord Genuity restated a “buy” rating and set a $20.00 price target on shares of Asure Software in a research report on Tuesday, January 2nd. Dougherty & Co restated a “buy” rating and set a $18.00 price target (up previously from $17.00) on shares of Asure Software in a research report on Wednesday, January 3rd. Zacks Investment Research upgraded shares of Asure Software from a “sell” rating to a “hold” rating and set a $16.00 price target for the company in a research report on Tuesday, January 2nd. Finally, Northland Securities set a $19.00 price target on shares of Asure Software and gave the stock a “buy” rating in a research report on Wednesday, January 3rd. Two research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $17.63.
Asure Software Inc (NASDAQ:ASUR) opened at $14.21 on Thursday. The stock has a market cap of $177.65, a PE ratio of 54.81, a P/E/G ratio of 0.72 and a beta of 1.07. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.39 and a quick ratio of 1.37. Asure Software Inc has a 12-month low of $9.47 and a 12-month high of $17.27.
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About Asure Software
Asure Software, Inc is a global provider of cloud-based software-as-a-service (SaaS) solutions that help companies to bring people, time, space and assets together. The Company serves approximately 6,000 clients in over 80 countries. The Company offers a range of solutions to help its clients optimize and manage mobile workforces and global workspaces.
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