Strive (NASDAQ:ASST) Stock Price Up 7.6% – What’s Next?

Strive, Inc. (NASDAQ:ASST)’s share price traded up 7.6% during trading on Wednesday . The company traded as high as $11.70 and last traded at $11.7340. 718,387 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 4,539,293 shares. The stock had previously closed at $10.91.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ASST. TD Cowen reaffirmed a “buy” rating and set a $30.00 target price (up from $28.00) on shares of Strive in a research report on Monday, May 18th. Zacks Research upgraded shares of Strive to a “hold” rating in a research note on Wednesday, March 11th. Benchmark restated a “buy” rating on shares of Strive in a report on Monday, June 15th. Wall Street Zen raised shares of Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, HC Wainwright raised their price target on shares of Strive from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $28.00.

Strive Trading Up 11.3%

The company has a debt-to-equity ratio of 0.01, a quick ratio of 11.44 and a current ratio of 11.44. The firm has a market capitalization of $887.78 million, a P/E ratio of -1.42 and a beta of 13.09. The firm has a 50 day simple moving average of $15.61 and a two-hundred day simple moving average of $13.92.

Strive (NASDAQ:ASST) last announced its earnings results on Thursday, May 14th. The company reported ($5.19) EPS for the quarter, missing the consensus estimate 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 research analysts forecast that Strive, Inc. will post -4.11 earnings per share for the current year.

Hedge Funds Weigh In On Strive

Hedge funds have recently modified their holdings of the company. Sanctuary Advisors LLC bought a new position in shares of Strive in the fourth quarter valued at approximately $25,000. Valtinson Bruner Financial Planning LLC purchased a new position in Strive in the fourth quarter worth $25,000. Verdence Capital Advisors LLC bought a new position in Strive in the 4th quarter valued at $26,000. Institute for Wealth Management LLC. bought a new position in Strive in the 4th quarter valued at $26,000. Finally, Pinnacle Associates Ltd. purchased a new stake in shares of Strive during the 4th quarter valued at $26,000. 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.