Strive, Inc. (NASDAQ:ASST) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Strive, Inc. (NASDAQ:ASST – Get Free Report) have received an average recommendation of “Moderate Buy” from the seven analysts that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $28.00.

ASST has been the subject of a number of research analyst reports. Maxim Group reduced their target price on Strive from $30.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. B. Riley Financial increased their price objective on Strive from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 15th. TD Cowen restated a “buy” rating and issued a $30.00 price objective (up from $28.00) on shares of Strive in a research note on Monday, May 18th. Weiss Ratings raised Strive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday. Finally, Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th.

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Institutional Trading of Strive

Several large investors have recently made changes to their positions in ASST. Tower Research Capital LLC TRC raised its stake in shares of Strive by 180.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after buying an additional 7,057 shares during the last quarter. Engineers Gate Manager LP purchased a new stake in shares of Strive in the second quarter worth about $40,000. Two Sigma Investments LP purchased a new stake in shares of Strive in the third quarter worth about $27,000. Osaic Holdings Inc. acquired a new stake in Strive during the second quarter worth about $41,000. Finally, Formidable Asset Management LLC purchased a new position in Strive during the first quarter valued at approximately $113,000. 5.52% of the stock is owned by hedge funds and other institutional investors.

Strive Trading Up 1.8%

NASDAQ ASST opened at $11.86 on Friday. Strive has a 52 week low of $7.02 and a 52 week high of $252.00. The company has a 50 day moving average price of $14.76 and a 200 day moving average price of $13.53. 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 $866.73 million, a PE ratio of -1.38 and a beta of 13.22.

Strive (NASDAQ:ASST – Get Free Report) last posted 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 return on equity of 139.10% and a negative net margin of 9,655.92%.The business had revenue of $2.76 million during the quarter, compared to analyst estimates of $2.73 million. As a group, sell-side analysts forecast that Strive will post -4.11 EPS for the current fiscal year.

Strive Company Profile

(Get Free Report)

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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