Strive, Inc. (NASDAQ:ASST – Get Free Report) has been given an average rating of “Moderate Buy” by the eight brokerages that are presently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $28.40.
A number of analysts recently commented on ASST shares. Weiss Ratings upgraded shares of Strive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. TD Cowen decreased their target price on Strive from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. B Riley reiterated a “buy” rating on shares of Strive in a research note on Thursday, September 3rd. Wall Street Zen raised Strive from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, HC Wainwright decreased their price target on Strive from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th.
Check Out Our Latest Report on Strive
Strive Stock Up 2.7%
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). The business had revenue of $2.94 million during the quarter, compared to analysts’ expectations of $3.02 million. Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. On average, research analysts anticipate that Strive will post 1.17 EPS for the current year.
Insider Transactions at Strive
In other Strive news, Director Pierre Rochard bought 15,900 shares of the company’s stock in a transaction on Friday, August 14th. The stock was bought at an average price of $12.54 per share, for a total transaction of $199,386.00. Following the transaction, the director owned 15,900 shares of the company’s stock, valued at approximately $199,386. The trade was a ∞ increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.71% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Strive
Large investors have recently modified their holdings of the stock. Allworth Financial LP acquired a new position in shares of Strive in the 2nd quarter worth approximately $66,000. California State Teachers Retirement System purchased a new position in Strive in the second quarter worth $87,000. AXQ Capital LP bought a new position in Strive during the second quarter valued at about $110,000. Engineers Gate Manager LP purchased a new stake in shares of Strive during the 2nd quarter worth approximately $40,000. Finally, Two Sigma Investments LP bought a new stake in shares of Strive in the third quarter valued at $27,000. 5.52% of the stock is owned by institutional investors.
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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