Strive, Inc. (NASDAQ:ASST – Get Free Report)’s stock price was down 5.5% on Friday . The stock traded as low as $11.92 and last traded at $11.8830. Approximately 381,621 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 4,204,272 shares. The stock had previously closed at $12.58.
Analyst Upgrades and Downgrades
ASST has been the subject of several analyst reports. Benchmark reiterated a “buy” rating on shares of Strive in a report on Monday, June 15th. B. Riley Financial raised their price objective on shares of Strive from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 15th. HC Wainwright decreased their price objective on shares of Strive from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday. TD Cowen lowered their target price on shares of Strive from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Finally, Wall Street Zen raised Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Five equities research 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. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $27.20.
View Our Latest Research Report on ASST
Strive Stock Performance
Strive (NASDAQ:ASST – Get Free Report) last announced 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 business had revenue of $2.94 million during the quarter, compared to analyst estimates of $3.02 million. Strive had a negative net margin of 9,530.52% and a negative return on equity of 140.01%. Research analysts predict that Strive, Inc. will post -9.4 EPS for the current fiscal year.
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its stake in Strive by 180.4% during the 2nd 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 acquired a new position in Strive in the second quarter valued at $40,000. Two Sigma Investments LP purchased a new position in shares of Strive during the third quarter worth about $27,000. Osaic Holdings Inc. acquired a new stake in shares of Strive during the second quarter worth about $41,000. Finally, Formidable Asset Management LLC purchased a new stake in shares of Strive in the 1st quarter valued at about $113,000. Institutional investors and hedge funds 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.
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