Larson Financial Group LLC bought a new stake in Strive, Inc. (NASDAQ:ASST – Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 42,835 shares of the company’s stock, valued at approximately $32,000.
A number of other large investors have also modified their holdings of the stock. HighTower Advisors LLC grew its stake in shares of Strive by 266.9% in the fourth quarter. HighTower Advisors LLC now owns 126,581 shares of the company’s stock valued at $93,000 after buying an additional 92,081 shares in the last quarter. Atlas Wealth LLC acquired a new stake in shares of Strive in the fourth quarter valued at about $97,000. Pinnacle Associates Ltd. acquired a new stake in shares of Strive in the fourth quarter valued at about $26,000. Activest Wealth Management acquired a new stake in shares of Strive in the fourth quarter valued at about $41,000. Finally, Verdence Capital Advisors LLC acquired a new stake in shares of Strive in the fourth quarter valued at about $26,000. Institutional investors and hedge funds own 5.52% of the company’s stock.
Wall Street Analyst Weigh In
ASST has been the subject of a number of recent research reports. TD Cowen reiterated a “buy” rating and issued a $30.00 target price (up from $28.00) on shares of Strive in a research note on Monday, May 18th. Maxim Group lowered their price objective on Strive from $30.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. B. Riley Financial raised their price objective on Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Zacks Research upgraded Strive to a “hold” rating in a research note on Wednesday, March 11th. Four research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $27.00.
Strive Price Performance
Shares of NASDAQ ASST opened at $18.10 on Wednesday. Strive, Inc. has a fifty-two week low of $7.02 and a fifty-two week high of $252.00. The business has a 50 day moving average price of $13.65 and a two-hundred day moving average price of $15.30. The company has a quick ratio of 11.44, a current ratio of 11.44 and a debt-to-equity ratio of 0.01. The firm has a market cap of $1.32 billion, a PE ratio of -2.11 and a beta of 13.46.
Strive (NASDAQ:ASST – Get Free Report) last issued its quarterly earnings data 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 net margin of 9,655.92% and a negative return on equity of 139.10%. The business had revenue of $2.76 million for the quarter, compared to analyst estimates of $2.73 million. Sell-side analysts expect that Strive, Inc. will post -4.11 earnings per share for the current fiscal year.
About Strive
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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