Shares of Strive, Inc. (NASDAQ:ASST – Get Free Report) gapped up before the market opened on Friday . The stock had previously closed at $12.60, but opened at $13.38. Strive shares last traded at $12.8750, with a volume of 344,602 shares.
Analyst Upgrades and Downgrades
ASST has been the subject of a number of research analyst reports. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Strive in a report on Tuesday, June 30th. TD Cowen restated a “buy” rating and issued a $30.00 price objective (up from $28.00) on shares of Strive in a research report on Monday, May 18th. Maxim Group dropped their target price on Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Benchmark reissued a “buy” rating on shares of Strive in a research note on Monday, June 15th. Finally, Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Five 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.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $28.00.
Check Out Our Latest Stock Report on Strive
Strive Stock Down 0.3%
Strive (NASDAQ:ASST – Get Free Report) last released its quarterly earnings data on Thursday, May 14th. The company reported ($5.19) EPS for the quarter, missing analysts’ consensus estimates of ($2.70) by ($2.49). The business had revenue of $2.76 million during the quarter, compared to analyst estimates of $2.73 million. Strive had a negative net margin of 9,655.92% and a negative return on equity of 139.10%. As a group, analysts anticipate that Strive, Inc. will post -4.11 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently modified their holdings of the company. Tower Research Capital LLC TRC boosted its stake in shares of 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 period. Engineers Gate Manager LP purchased a new position in shares of Strive in the 2nd quarter valued at about $40,000. Two Sigma Investments LP purchased a new position in Strive in the third quarter valued at approximately $27,000. Osaic Holdings Inc. acquired a new stake in Strive during the 2nd quarter worth $41,000. Finally, Formidable Asset Management LLC acquired a new stake in shares of Strive in the 1st quarter valued at about $113,000. 5.52% of the stock is currently owned by hedge funds and other institutional investors.
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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