Strive, Inc. (NASDAQ:ASST) Given Consensus Recommendation of “Moderate Buy” by Analysts

Strive, Inc. (NASDAQ:ASST) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price target among brokerages that have covered the stock in the last year is $27.20.

A number of research firms have commented on ASST. Weiss Ratings raised Strive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Wall Street Zen raised Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. HC Wainwright dropped their price objective on Strive from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday. TD Cowen reduced their price objective on Strive from $32.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Finally, Benchmark reissued a “buy” rating on shares of Strive in a research report on Monday, June 15th.

Strive Price Performance

Shares of ASST opened at $12.39 on Thursday. The company has a market capitalization of $905.50 million, a P/E ratio of -1.44 and a beta of 13.21. 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 firm has a 50 day moving average of $12.94 and a 200 day moving average of $12.70. Strive has a twelve month low of $7.02 and a twelve month high of $252.00.

Strive (NASDAQ:ASST) last announced its quarterly earnings data on Monday, August 10th. The company reported ($3.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.95) by ($2.70). The firm had revenue of $2.94 million during the quarter, compared to analysts’ expectations of $3.02 million. Strive had a negative return on equity of 140.01% and a negative net margin of 9,530.52%. As a group, equities research analysts anticipate that Strive will post -4.11 earnings per share for the current fiscal year.

Institutional Trading of Strive

A number of large investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its position in Strive by 362.6% during the second quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock valued at $561,000 after purchasing an additional 117,249 shares during the period. Creative Planning purchased a new stake in Strive in the second quarter worth approximately $79,000. XTX Topco Ltd bought a new stake in Strive in the 2nd quarter worth approximately $126,000. Engineers Gate Manager LP bought a new stake in Strive in the 2nd quarter worth approximately $40,000. Finally, Tower Research Capital LLC TRC raised its stake in Strive by 180.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after buying an additional 7,057 shares during the last quarter. 5.52% of the stock is currently 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.