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

Strive, Inc. (NASDAQ:ASST) has been assigned a consensus rating of “Moderate Buy” from the seven analysts that are presently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating 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 equities analysts have issued reports on the company. B. Riley Financial lifted their price target on Strive from $19.00 to $20.00 and gave the company 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 report on Monday, May 18th. HC Wainwright boosted their target price on shares of Strive from $36.00 to $38.00 and gave the company a “buy” rating in a report on Friday, May 15th. Benchmark reissued a “buy” rating on shares of Strive in a report on Monday, June 15th. Finally, Wall Street Zen upgraded shares of Strive from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Sanctuary Advisors LLC purchased a new position in Strive in the fourth quarter worth $25,000. Valtinson Bruner Financial Planning LLC bought a new position in shares of Strive during the fourth quarter valued at about $25,000. Verdence Capital Advisors LLC bought a new position in shares of Strive during the fourth quarter valued at about $26,000. Institute for Wealth Management LLC. bought a new position in Strive in the fourth quarter worth about $26,000. Finally, Pinnacle Associates Ltd. bought a new position in Strive in the fourth quarter worth about $26,000. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

Strive Stock Performance

Shares of ASST opened at $10.91 on Wednesday. The company has a market cap of $797.30 million, a PE ratio of -1.27 and a beta of 13.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.44 and a quick ratio of 11.44. Strive has a one year low of $7.02 and a one year high of $252.00. The stock has a 50-day moving average of $15.61 and a 200-day moving average of $13.92.

Strive (NASDAQ:ASST) last released its quarterly earnings results 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 company had revenue of $2.76 million for the quarter, compared to analyst estimates of $2.73 million. Strive had a negative net margin of 9,655.92% and a negative return on equity of 139.10%. On average, equities research analysts predict 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.