Strive, Inc. (NASDAQ:ASST) Receives Average Recommendation of “Moderate Buy” from Analysts

Strive, Inc. (NASDAQ:ASST) has been assigned a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $28.00.

A number of research firms have recently weighed in on ASST. TD Cowen restated a “buy” rating and issued a $30.00 target price (up from $28.00) on shares of Strive in a report on Monday, May 18th. Benchmark assumed coverage on Strive in a report on Tuesday. They set a “buy” rating and a $32.00 price target on the stock. Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Zacks Research upgraded Strive to a “hold” rating in a report on Wednesday, March 11th. Finally, HC Wainwright lifted their price target on Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, May 15th.

Institutional Trading of Strive

A number of hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its holdings in Strive by 180.4% during the second 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 during the period. Engineers Gate Manager LP purchased a new position in shares of Strive in the second quarter valued at $40,000. Two Sigma Investments LP purchased a new position in shares of Strive in the third quarter valued at $27,000. Osaic Holdings Inc. purchased a new position in Strive during the second quarter worth about $41,000. Finally, Formidable Asset Management LLC purchased a new position in Strive during the first quarter worth about $113,000. 5.52% of the stock is currently owned by institutional investors.

Strive Stock Down 8.6%

ASST stock opened at $14.74 on Friday. Strive has a twelve month low of $7.02 and a twelve month high of $252.00. The company has a quick ratio of 11.44, a current ratio of 11.44 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average is $14.42 and its 200-day moving average is $14.85. The firm has a market capitalization of $1.08 billion, a PE ratio of -1.72 and a beta of 13.09.

Strive (NASDAQ:ASST) 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 net margin of 9,655.92% and a negative return on equity of 139.10%. The company had revenue of $2.76 million during the quarter, compared to the consensus estimate of $2.73 million. Sell-side analysts expect that Strive will post -4.11 EPS for the current fiscal year.

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.