Strive, Inc. (NASDAQ:ASST – Get Free Report)’s stock price traded down 6.8% on Wednesday . The company traded as low as $13.00 and last traded at $13.00. 744,728 shares traded hands during trading, a decline of 83% from the average session volume of 4,484,060 shares. The stock had previously closed at $13.95.
Analyst Ratings Changes
Several brokerages have recently weighed in on ASST. Zacks Research raised shares of Strive to a “hold” rating in a research note on Wednesday, March 11th. HC Wainwright increased their target price on shares of Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Wall Street Zen upgraded shares of Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. TD Cowen reaffirmed a “buy” rating and issued a $30.00 target price (up from $28.00) on shares of Strive in a research report on Monday, May 18th. Finally, B. Riley Financial lifted their price target on shares of Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $28.00.
Read Our Latest Stock Analysis on ASST
Strive Stock Performance
Strive (NASDAQ:ASST – Get Free Report) last posted its earnings results 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 for the quarter, compared to analyst estimates of $2.73 million. As a group, analysts forecast that Strive, Inc. will post -4.11 earnings per share for the current year.
Hedge Funds Weigh In On Strive
Several large investors have recently modified their holdings of ASST. Formidable Asset Management LLC acquired a new stake in shares of Strive during the 1st quarter worth about $113,000. J. Derek Lewis & Associates Inc. acquired a new position in Strive in the 4th quarter valued at about $71,000. Corient Private Wealth LLC bought a new position in Strive in the 4th quarter valued at about $388,000. TRU Independence Asset Management 2 LLC bought a new position in Strive in the 4th quarter valued at about $63,000. Finally, Kera Capital Partners Inc. acquired a new stake in Strive during the fourth quarter worth approximately $36,000. 5.52% of the stock is owned by institutional investors.
Strive Company Profile
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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