Strive, Inc. (NASDAQ:ASST – Get Free Report)’s share price gapped up prior to trading on Monday . The stock had previously closed at $13.92, but opened at $14.94. Strive shares last traded at $15.2160, with a volume of 845,218 shares traded.
Analysts Set New Price Targets
ASST has been the topic of several recent research reports. Maxim Group cut their price target on Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. TD Cowen restated a “buy” rating and issued a $30.00 price target (up from $28.00) on shares of Strive in a research note on Monday, May 18th. Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. HC Wainwright upped their price target on Strive from $36.00 to $38.00 and gave the stock 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 research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Strive has an average rating of “Moderate Buy” and an average price target of $28.00.
Read Our Latest Report on ASST
Strive Trading Up 11.4%
Strive (NASDAQ:ASST – Get Free Report) last released its quarterly earnings results on Thursday, May 14th. The company reported ($5.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.70) by ($2.49). The firm had revenue of $2.76 million during the quarter, compared to analysts’ expectations of $2.73 million. Strive had a negative return on equity of 139.10% and a negative net margin of 9,655.92%. On average, research analysts expect that Strive, Inc. will post -4.11 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Strive
Institutional investors and hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC purchased a new position in shares of Strive in the 4th quarter worth $25,000. Valtinson Bruner Financial Planning LLC purchased a new position in shares of Strive in the 4th quarter worth $25,000. Institute for Wealth Management LLC. purchased a new position in shares of Strive in the 4th quarter worth $26,000. Verdence Capital Advisors LLC purchased a new position in shares of Strive in the 4th quarter worth $26,000. Finally, Pinnacle Associates Ltd. purchased a new position in shares of Strive in the 4th quarter worth $26,000. 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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