Shares of Strive, Inc. (NASDAQ:ASST – Get Free Report) have been given a consensus rating of “Moderate Buy” by the seven analysts that are presently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $29.80.
ASST has been the topic of several recent research reports. Benchmark reiterated a “buy” rating on shares of Strive in a research report on Thursday, August 20th. HC Wainwright cut their target price on shares of Strive from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. TD Cowen reaffirmed a “buy” rating on shares of Strive in a report on Monday, September 21st. B. Riley Financial increased their price target on shares of Strive from $26.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, September 22nd. Finally, Weiss Ratings raised shares of Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 14th.
View Our Latest Report on Strive
Insider Activity
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in ASST. Allworth Financial LP acquired a new stake in Strive in the second quarter worth approximately $66,000. AXQ Capital LP acquired a new position in shares of Strive during the 2nd quarter valued at $110,000. Formidable Asset Management LLC acquired a new position in shares of Strive during the 1st quarter valued at $113,000. The Manufacturers Life Insurance Company bought a new stake in shares of Strive in the 2nd quarter worth $179,000. Finally, Corient Private Wealth LP bought a new stake in shares of Strive in the 2nd quarter worth $448,000. Institutional investors and hedge funds own 5.52% of the company’s stock.
Strive Stock Performance
Shares of ASST opened at $29.75 on Friday. Strive has a fifty-two week low of $7.02 and a fifty-two week high of $50.60. The company has a market capitalization of $2.54 billion, a price-to-earnings ratio of -3.37 and a beta of 13.26. The firm has a 50-day simple moving average of $22.02 and a 200-day simple moving average of $16.67.
Strive (NASDAQ:ASST – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported ($3.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.95) by ($2.70). The company had revenue of $2.94 million for the quarter, compared to analyst estimates of $3.02 million. Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. Equities research analysts forecast that Strive will post 1.17 EPS for the current year.
Key Stories Impacting Strive
Here are the key news stories impacting Strive this week:
- Positive Sentiment: Strive purchased 2,000 Bitcoin for approximately $169 million between September 28 and October 2. The transaction is the company’s largest Bitcoin purchase since June and brings Strive closer to becoming one of the largest publicly traded Bitcoin holders. The acquisition strengthens its Bitcoin-treasury strategy and gives investors greater exposure to potential cryptocurrency gains. Strive Buys 2,000 Bitcoin for $169 Million
- Positive Sentiment: The company also announced a SATA share buyback alongside the Bitcoin expansion. Repurchases could support per-share value and signal management’s confidence, although the effect will depend on the program’s size and execution. Strive Expands Bitcoin Holdings and Launches SATA Buyback
- Neutral Sentiment: Market coverage characterizes Strive as part of a broader acceleration in corporate Bitcoin accumulation, alongside Strategy and Metaplanet. This reinforces the Bitcoin-treasury investment theme but also highlights ASST’s significant exposure to cryptocurrency volatility. Corporate Bitcoin Buying Accelerates
- Negative Sentiment: Insiders reported selling approximately 101,400 shares worth about $3.17 million, including sales by the CEO, CFO, CMO and two directors. Most executive transactions were reportedly used to cover tax withholding obligations from vested equity awards, reducing their bearish significance; however, the sizable ownership reductions may still create an overhang. Strive Insider Selling
Strive Company Profile
Strive, Inc is a financial services company operating under the Strive brand. Its business is focused on providing investment management and related financial products, with an emphasis on long-term capital preservation, shareholder rights and policies intended to promote value creation for investors.
The company’s activities include asset management and the development of investment vehicles designed to give clients exposure to selected investment strategies and markets. Strive has also pursued a Bitcoin-focused treasury strategy, making digital assets an important part of its corporate and investment positioning.
Strive’s current public-company structure resulted from the combination of Strive Enterprises and Asset Entities Inc, a social media and digital marketing company whose Nasdaq-listed shares traded under the symbol ASST.
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