Strive (NASDAQ:ASST) Stock Rating Upgraded by Benchmark

Strive (NASDAQ:ASST) was upgraded by equities researchers at Benchmark to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Other equities analysts have also recently issued reports about the company. HC Wainwright lifted their price target on Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. TD Cowen reaffirmed a “buy” rating and issued a $30.00 price target (up from $28.00) on shares of Strive in a research note on Monday, May 18th. B. Riley Financial lifted their price objective on Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Maxim Group cut their price objective on Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Finally, Zacks Research upgraded Strive to a “hold” rating in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Strive Price Performance

Shares of Strive stock opened at $14.74 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.44 and a quick ratio of 11.44. The business’s 50 day simple moving average is $14.42 and its two-hundred day simple moving average is $14.85. The stock has a market capitalization of $1.08 billion, a P/E ratio of -1.72 and a beta of 13.09. Strive has a one year low of $7.02 and a one year high of $252.00.

Strive (NASDAQ:ASST) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($5.19) EPS for the quarter, missing analysts’ consensus estimates of ($2.70) by ($2.49). The company had revenue of $2.76 million during 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%. Analysts forecast that Strive will post -4.11 EPS for the current year.

Institutional Investors Weigh In On Strive

A number of large investors have recently made changes to their positions in ASST. Yorkville Advisors Global LP bought a new stake in shares of Strive in the 3rd quarter worth approximately $92,593,000. Anson Funds Management LP grew its position in shares of Strive by 4,028.5% in the 3rd 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 during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Strive in the 3rd quarter worth approximately $84,375,000. MMCAP International Inc. SPC bought a new stake in shares of Strive in the 3rd quarter worth approximately $46,296,000. Finally, Woodline Partners LP bought a new stake in shares of Strive in the 3rd quarter worth approximately $31,481,000. 5.52% of the stock is currently owned by institutional investors.

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.