Strive (NASDAQ:ASST) Shares Down 7.3% – Should You Sell?

Strive, Inc. (NASDAQ:ASST) fell 7.3% on Friday . The stock traded as low as $10.97 and last traded at $11.0650. 1,929,653 shares traded hands during trading, a decline of 55% from the average session volume of 4,322,070 shares. The stock had previously closed at $11.94.

Analysts Set New Price Targets

ASST has been the topic of several recent analyst reports. TD Cowen lowered their target price on shares of Strive from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Benchmark restated a “buy” rating on shares of Strive in a research report on Monday, June 15th. Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings raised Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Finally, B. Riley Financial increased their price objective on Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $27.60.

Strive Trading Down 6.2%

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 company has a market cap of $818.42 million, a PE ratio of -1.30 and a beta of 13.22. The company has a 50-day moving average of $13.86 and a 200 day moving average of $13.14.

Strive (NASDAQ:ASST) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($5.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.70) by ($2.49). The business had revenue of $2.76 million for the quarter, compared to analysts’ expectations of $2.73 million. Strive had a negative net margin of 9,655.92% and a negative return on equity of 139.10%. Analysts predict that Strive, Inc. will post -4.11 earnings per share for the current year.

Institutional Investors Weigh In On Strive

A number of large investors have recently bought and sold shares of ASST. Alyeska Investment Group L.P. purchased a new position in shares of Strive in the 3rd quarter valued at about $84,375,000. Woodline Partners LP purchased a new stake in Strive in the 3rd quarter valued at about $31,481,000. Geode Capital Management LLC boosted its position in shares of Strive by 939.6% during the fourth quarter. Geode Capital Management LLC now owns 6,755,081 shares of the company’s stock worth $4,988,000 after buying an additional 6,105,295 shares during the period. Alpine Fox Capital LLC acquired a new position in shares of Strive in the fourth quarter valued at approximately $2,325,000. Finally, State Street Corp increased its holdings in Strive by 3,418.4% during the 4th quarter. State Street Corp now owns 2,702,859 shares of the company’s stock worth $1,995,000 after purchasing an additional 2,626,039 shares during the period. Hedge funds and other institutional investors 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.