Strive, Inc. (NASDAQ:ASST – Get Free Report) dropped 5.9% during trading on Thursday . The stock traded as low as $16.56 and last traded at $16.7620. Approximately 929,930 shares traded hands during trading, a decline of 79% from the average daily volume of 4,351,215 shares. The stock had previously closed at $17.82.
Analyst Upgrades and Downgrades
ASST has been the subject of several recent analyst reports. Zacks Research raised Strive to a “hold” rating in a report on Wednesday, March 11th. TD Cowen restated a “buy” rating and issued a $30.00 target price (up from $28.00) on shares of Strive in a research report on Monday, May 18th. B. Riley Financial boosted their target price on Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. HC Wainwright boosted their target price on Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Maxim Group dropped their target price on Strive from $30.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. Four equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Strive presently has an average rating of “Moderate Buy” and an average price target of $27.00.
Read Our Latest Stock Analysis on Strive
Strive Stock Down 3.0%
Strive (NASDAQ:ASST – Get Free Report) last released its 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). The firm had revenue of $2.76 million during the quarter, compared to the consensus estimate of $2.73 million. Strive had a negative return on equity of 139.10% and a negative net margin of 9,655.92%. On average, research analysts anticipate that Strive, Inc. will post -4.11 EPS for the current fiscal year.
Institutional Trading of Strive
Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC increased its stake in Strive by 362.6% in the 2nd quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock worth $561,000 after purchasing an additional 117,249 shares during the period. Creative Planning bought a new stake in Strive in the second quarter valued at approximately $79,000. XTX Topco Ltd bought a new stake in Strive in the second quarter valued at approximately $126,000. Engineers Gate Manager LP bought a new stake in Strive in the second quarter valued at approximately $40,000. Finally, Tower Research Capital LLC TRC lifted its position in Strive by 180.4% in the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after purchasing an additional 7,057 shares during the last quarter. Institutional investors own 5.52% of the company’s stock.
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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