Shares of Strive, Inc. (NASDAQ:ASST – Get Free Report) shot up 11.8% during trading on Monday . The company traded as high as $17.04 and last traded at $16.9330. 2,240,649 shares changed hands during mid-day trading, a decline of 50% from the average session volume of 4,453,292 shares. The stock had previously closed at $15.15.
Analysts Set New Price Targets
A number of brokerages have commented on ASST. B. Riley Financial lifted their target price on Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. TD Cowen restated 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. HC Wainwright lifted their target price on Strive from $36.00 to $38.00 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. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Strive currently has an average rating of “Moderate Buy” and an average price target of $28.00.
Check Out Our Latest Research Report on ASST
Strive Stock Performance
Strive (NASDAQ:ASST – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($5.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.70) by ($2.49). The business had revenue of $2.76 million for the quarter, compared to analyst estimates of $2.73 million. Strive had a negative return on equity of 139.10% and a negative net margin of 9,655.92%. As a group, equities research analysts forecast that Strive, Inc. will post -4.11 earnings per share for the current year.
Hedge Funds Weigh In On Strive
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Formidable Asset Management LLC acquired a new position in shares of Strive during the first quarter worth approximately $113,000. J. Derek Lewis & Associates Inc. acquired a new position in shares of Strive during the fourth quarter worth approximately $71,000. Corient Private Wealth LLC acquired a new position in shares of Strive during the fourth quarter worth approximately $388,000. TRU Independence Asset Management 2 LLC acquired a new position in shares of Strive during the fourth quarter worth approximately $63,000. Finally, Kera Capital Partners Inc. acquired a new position in shares of Strive during the fourth quarter worth approximately $36,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.
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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