Strive, Inc. (NASDAQ:ASST – Get Free Report) saw unusually-high trading volume on Thursday after B. Riley Financial raised their price target on the stock from $16.00 to $26.00. B. Riley Financial currently has a buy rating on the stock. Approximately 3,846,339 shares were traded during mid-day trading, a decline of 18% from the previous session’s volume of 4,706,793 shares.The stock last traded at $25.78 and had previously closed at $24.32.
ASST has been the subject of a number of other reports. Weiss Ratings raised Strive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Benchmark reaffirmed a “buy” rating on shares of Strive in a research note on Thursday, August 20th. B Riley reaffirmed a “buy” rating on shares of Strive in a report on Thursday. Wall Street Zen upgraded shares of Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, TD Cowen lowered their price target on shares of Strive from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Strive has a consensus rating of “Moderate Buy” and a consensus price target of $28.40.
Get Our Latest Stock Analysis on Strive
Insider Buying and Selling
Institutional Investors Weigh In On Strive
A number of hedge funds have recently modified their holdings of ASST. Sanctuary Advisors LLC acquired a new position in Strive during the fourth quarter worth about $25,000. Valtinson Bruner Financial Planning LLC acquired a new stake in Strive in the 4th quarter valued at about $25,000. Pinnacle Associates Ltd. purchased a new position in Strive in the 4th quarter worth approximately $26,000. Two Sigma Investments LP purchased a new position in Strive in the 3rd quarter worth approximately $27,000. Finally, Verition Fund Management LLC acquired a new position in shares of Strive during the 3rd quarter worth approximately $28,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.
Strive Trading Up 1.2%
The company has a fifty day moving average price of $14.74 and a two-hundred day moving average price of $13.53. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of -3.07 and a beta of 13.36.
Strive (NASDAQ:ASST – Get Free Report) last posted its quarterly earnings results on Monday, August 10th. The company reported ($3.65) EPS for the quarter, missing the consensus estimate of ($0.95) by ($2.70). Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. The company had revenue of $2.94 million during the quarter, compared to analyst estimates of $3.02 million. As a group, equities research analysts expect that Strive, Inc. will post -9.4 earnings per share for the current 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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