Essex Investment Management Co. LLC Invests $1.68 Million in Asure Software Inc (NASDAQ:ASUR)

Essex Investment Management Co. LLC bought a new position in shares of Asure Software Inc (NASDAQ:ASUR) during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund bought 119,176 shares of the technology company’s stock, valued at approximately $1,683,000. Essex Investment Management Co. LLC owned 0.96% of Asure Software as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in ASUR. Northpointe Capital LLC raised its position in Asure Software by 33.9% during the third quarter. Northpointe Capital LLC now owns 544,418 shares of the technology company’s stock valued at $6,762,000 after buying an additional 137,769 shares during the period. Russell Investments Group Ltd. raised its position in Asure Software by 2.8% during the third quarter. Russell Investments Group Ltd. now owns 479,629 shares of the technology company’s stock valued at $5,956,000 after buying an additional 13,279 shares during the period. Alyeska Investment Group L.P. raised its position in Asure Software by 548.1% during the third quarter. Alyeska Investment Group L.P. now owns 450,000 shares of the technology company’s stock valued at $5,589,000 after buying an additional 380,570 shares during the period. Vanguard Group Inc. raised its position in Asure Software by 24.0% during the second quarter. Vanguard Group Inc. now owns 322,333 shares of the technology company’s stock valued at $4,710,000 after buying an additional 62,418 shares during the period. Finally, Unterberg Capital LLC raised its position in Asure Software by 50.0% during the third quarter. Unterberg Capital LLC now owns 300,000 shares of the technology company’s stock valued at $3,726,000 after buying an additional 100,000 shares during the period. 50.76% of the stock is currently owned by institutional investors.

Several research analysts have weighed in on ASUR shares. Zacks Investment Research raised Asure Software from a “sell” rating to a “hold” rating and set a $16.00 target price on the stock in a research report on Tuesday, January 2nd. Canaccord Genuity reiterated a “buy” rating and set a $20.00 price target on shares of Asure Software in a research note on Tuesday, January 2nd. Cowen upped their price target on Asure Software from $17.00 to $20.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 19th. Dougherty & Co reiterated a “buy” rating and set a $18.00 price target (up previously from $17.00) on shares of Asure Software in a research note on Wednesday, January 3rd. Finally, Northland Securities set a $19.00 target price on Asure Software and gave the company a “buy” rating in a research note 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. The stock currently has a consensus rating of “Buy” and a consensus price target of $17.63.

Asure Software Inc (ASUR) opened at $14.21 on Thursday. Asure Software Inc has a twelve month low of $9.47 and a twelve month high of $17.27. The company has a quick ratio of 1.37, a current ratio of 1.39 and a debt-to-equity ratio of 1.04. The stock has a market capitalization of $177.65, a P/E ratio of 54.81, a PEG ratio of 0.72 and a beta of 1.07.

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Asure Software Company Profile

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.

Institutional Ownership by Quarter for Asure Software (NASDAQ:ASUR)

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