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

Shares of Strive, Inc. (NASDAQ:ASST) gapped down before the market opened on Tuesday . The stock had previously closed at $15.21, but opened at $14.66. Strive shares last traded at $14.9620, with a volume of 374,322 shares traded.

Analyst Ratings Changes

Several research firms recently weighed in on ASST. Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Benchmark began coverage on Strive in a research note on Tuesday, June 2nd. They set a “buy” rating and a $32.00 target price for the company. B. Riley Financial boosted their target price on Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Zacks Research upgraded Strive to a “hold” rating in a research note on Wednesday, March 11th. Finally, HC Wainwright boosted their target price on Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Strive Stock Performance

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 stock has a 50 day simple moving average of $14.87 and a two-hundred day simple moving average of $14.62. The company has a market cap of $1.05 billion, a PE ratio of -1.68 and a beta of 13.09.

Strive (NASDAQ:ASST) last issued its quarterly earnings data 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 firm had revenue of $2.76 million during the quarter, compared to analysts’ expectations of $2.73 million. Equities analysts predict that Strive, Inc. will post -4.11 EPS for the current year.

Institutional Investors Weigh In On Strive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Formidable Asset Management LLC purchased a new stake in Strive in the first quarter valued at approximately $113,000. J. Derek Lewis & Associates Inc. purchased a new stake in Strive in the fourth quarter valued at approximately $71,000. Corient Private Wealth LLC purchased a new stake in Strive in the fourth quarter valued at approximately $388,000. TRU Independence Asset Management 2 LLC purchased a new stake in Strive in the fourth quarter valued at approximately $63,000. Finally, Kera Capital Partners Inc. purchased a new stake in Strive in the fourth quarter valued at approximately $36,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

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.