Strive, Inc. (NASDAQ:ASST – Get Free Report) fell 6.8% during trading on Thursday . The company traded as low as $14.35 and last traded at $14.3930. Approximately 3,513,452 shares were traded during trading, a decline of 22% from the average daily volume of 4,497,789 shares. The stock had previously closed at $15.44.
Analysts Set New Price Targets
Several equities analysts have issued reports on ASST shares. Maxim Group cut their price objective on Strive from $30.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. Zacks Research upgraded Strive to a “hold” rating in a report on Wednesday, March 11th. 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 lifted their price target on Strive from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, TD Cowen reiterated a “buy” rating and set a $30.00 price target (up from $28.00) on shares of Strive in a research report on Monday, May 18th. Five 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’s stock. Based on data from MarketBeat, Strive presently has an average rating of “Moderate Buy” and an average target price of $28.00.
Read Our Latest Research Report on ASST
Strive Stock Performance
Strive (NASDAQ:ASST – Get Free Report) last posted 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 firm 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%. Equities analysts anticipate that Strive, Inc. will post -4.11 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Strive
Several large investors have recently made changes to their positions in the company. Tower Research Capital LLC TRC increased 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 worth $41,000 after purchasing an additional 7,057 shares during the period. Engineers Gate Manager LP acquired a new position in Strive during the 2nd quarter valued at about $40,000. Two Sigma Investments LP acquired a new position in Strive during the 3rd quarter valued at about $27,000. Osaic Holdings Inc. bought a new position in shares of Strive in the 2nd quarter valued at about $41,000. Finally, Formidable Asset Management LLC bought a new position in shares of Strive in the 1st quarter valued at about $113,000. Institutional investors and hedge funds 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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