TRU Independence Asset Management 2 LLC purchased a new stake in Strive, Inc. (NASDAQ:ASST – Free Report) in the 4th quarter, Holdings Channel reports. The firm purchased 85,000 shares of the company’s stock, valued at approximately $63,000.
A number of other large investors have also made changes to their positions in ASST. Tower Research Capital LLC TRC lifted its holdings in Strive by 180.4% during the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock worth $41,000 after acquiring an additional 7,057 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Strive during the 2nd quarter valued at about $40,000. Two Sigma Investments LP acquired a new position in shares of Strive in the 3rd quarter valued at approximately $27,000. Osaic Holdings Inc. acquired a new position in shares of Strive in the 2nd quarter valued at approximately $41,000. Finally, Verition Fund Management LLC bought a new stake in Strive during the 3rd quarter worth approximately $28,000. Institutional investors own 5.52% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently commented on the stock. HC Wainwright raised their price objective on shares of Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Benchmark restated a “buy” rating on shares of Strive in a report on Monday. TD Cowen reaffirmed a “buy” rating and set a $30.00 price objective (up from $28.00) on shares of Strive in a research report on Monday, May 18th. Zacks Research upgraded Strive to a “hold” rating in a report on Wednesday, March 11th. Finally, B. Riley Financial lifted their target price on Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.
Strive Trading Down 3.8%
Strive stock opened at $14.85 on Friday. The company has a market cap of $1.09 billion, a price-to-earnings ratio of -1.73 and a beta of 13.09. The firm has a 50-day moving average of $15.54 and a 200-day moving average of $14.33. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.44 and a quick ratio of 11.44. Strive, Inc. has a one year low of $7.02 and a one year high of $252.00.
Strive (NASDAQ:ASST – Get Free Report) last released its earnings results 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). Strive had a negative return on equity of 139.10% and a negative net margin of 9,655.92%.The company had revenue of $2.76 million for the quarter, compared to the consensus estimate of $2.73 million. On average, equities analysts expect that Strive, Inc. will post -4.11 earnings per share for the current fiscal year.
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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