Strive (NASDAQ:ASST – Get Free Report) had its price objective upped by stock analysts at HC Wainwright from $36.00 to $38.00 in a report issued on Friday,Benzinga reports. The firm presently has a “buy” rating on the stock. HC Wainwright’s price objective would indicate a potential upside of 125.99% from the stock’s current price.
ASST has been the topic of a number of other research reports. Zacks Research raised Strive to a “hold” rating in a research report on Wednesday, March 11th. TD Cowen initiated coverage on Strive in a research note on Friday, April 10th. They issued a “buy” rating and a $26.00 price target for the company. B. Riley Financial increased their price target on Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday. Wall Street Zen lowered Strive from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Finally, Maxim Group decreased their price target on Strive from $30.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 23rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $26.00.
Check Out Our Latest Analysis on Strive
Strive Stock Performance
Strive (NASDAQ:ASST – Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($5.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.70) by ($2.49). Strive had a negative return on equity of 122.88% and a negative net margin of 7,335.00%.The business had revenue of $2.76 million for the quarter, compared to analyst estimates of $2.73 million. As a group, equities research analysts expect that Strive will post 0.97 EPS for the current fiscal year.
Insiders Place Their Bets
In other Strive news, CFO Benjamin Pham purchased 7,900 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average price of $8.23 per share, with a total value of $65,017.00. Following the transaction, the chief financial officer owned 7,900 shares in the company, valued at $65,017. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.71% of the company’s stock.
Hedge Funds Weigh In On Strive
Hedge funds have recently modified their holdings of the company. Yorkville Advisors Global LP bought a new position in shares of Strive during the 3rd quarter worth approximately $92,593,000. Ghisallo Capital Management LLC bought a new position in shares of Strive during the 3rd quarter worth approximately $27,778,000. Thompson Davis & CO. Inc. bought a new position in shares of Strive during the 4th quarter worth approximately $74,000. MMCAP International Inc. SPC bought a new position in shares of Strive during the 3rd quarter worth approximately $46,296,000. Finally, Alpine Associates Management Inc. bought a new position in shares of Strive during the 3rd quarter worth approximately $717,000. Institutional investors own 5.52% of the company’s stock.
Strive Company Profile
Asset Entities, Inc (NASDAQ: ASST) is a specialty finance company that acquires, originates and services asset-backed loans and receivables across a range of industry sectors. The firm focuses on structuring and managing credit portfolios in equipment finance, commercial receivables and other asset-backed classes, employing securitization vehicles and bespoke financing solutions to deliver liquidity to underserved small- and mid-market borrowers.
Through its platform, Asset Entities leverages data-driven underwriting, risk management and portfolio optimization to create diversified exposure across end markets.
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