Strive, Inc. (NASDAQ:ASST – Get Free Report)’s share price was up 7.6% during trading on Wednesday . The company traded as high as $11.70 and last traded at $11.7340. Approximately 718,387 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 4,539,293 shares. The stock had previously closed at $10.91.
Analysts Set New Price Targets
A number of analysts recently issued reports on ASST shares. Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. HC Wainwright lifted their target price on Strive from $36.00 to $38.00 and gave the company a “buy” rating in a report on Friday, May 15th. Maxim Group reduced their target price on Strive from $30.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Benchmark restated a “buy” rating on shares of Strive in a research report on Monday, June 15th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Strive in a research note on Tuesday. Five analysts have rated the stock with a Buy rating, one has issued 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 a consensus price target of $28.00.
Read Our Latest Report on ASST
Strive Trading Up 9.1%
Strive (NASDAQ:ASST – Get Free Report) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($5.19) EPS for the quarter, missing the consensus estimate of ($2.70) by ($2.49). The business had revenue of $2.76 million for 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%. As a group, equities analysts expect that Strive, Inc. will post -4.11 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
A number of institutional investors have recently added to or reduced their stakes in the company. Yorkville Advisors Global LP purchased a new position in shares of Strive in the 3rd quarter worth about $92,593,000. Anson Funds Management LP boosted its stake in Strive by 4,028.5% in the third quarter. Anson Funds Management LP now owns 35,250,000 shares of the company’s stock worth $88,125,000 after buying an additional 36,147,300 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in Strive in the third quarter worth approximately $84,375,000. Woodline Partners LP bought a new position in Strive during the third quarter valued at approximately $31,481,000. Finally, Ghisallo Capital Management LLC bought a new position in Strive during the third quarter valued at approximately $27,778,000. Institutional investors own 5.52% of the company’s stock.
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.
Featured Stories
- Five stocks we like better than Strive
- Shorting the Grid: Bloom Energy’s $25B AI Power Play
- SanDisk’s Volatility May Be Telling Bulls What They Want to Hear
- Meta’s AI Compute Push Could Turn Its Massive CapEx Bill Into a Competitive Weapon
- 3 Dividend ETFs Built for Stability in a Volatile Market
Receive News & Ratings for Strive Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Strive and related companies with MarketBeat.com's FREE daily email newsletter.
