Strive, Inc. (NASDAQ:ASST) Receives $28.00 Consensus PT from Analysts

Shares of Strive, Inc. (NASDAQ:ASST) have been assigned a consensus rating of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $28.00.

ASST has been the topic of a number of analyst reports. Weiss Ratings upgraded Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. TD Cowen restated a “buy” rating and issued a $30.00 target price (up from $28.00) on shares of Strive in a report on Monday, May 18th. Benchmark reaffirmed a “buy” rating on shares of Strive in a research note on Monday, June 15th. HC Wainwright lifted their price target on Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Wall Street Zen raised shares of Strive from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th.

Strive Stock Up 5.3%

Shares of NASDAQ ASST opened at $13.00 on Friday. Strive has a 12-month low of $7.02 and a 12-month high of $252.00. The stock has a market cap of $950.04 million, a PE ratio of -1.51 and a beta of 13.22. The company has a current ratio of 11.44, a quick ratio of 11.44 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average of $14.57 and a 200 day moving average of $13.49.

Strive (NASDAQ:ASST) last released its earnings results 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). The business had revenue of $2.76 million during the quarter, compared to analysts’ expectations of $2.73 million. Strive had a negative return on equity of 139.10% and a negative net margin of 9,655.92%. As a group, sell-side analysts predict that Strive will post -4.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Strive

Institutional investors have recently bought and sold shares of the company. Thompson Davis & CO. Inc. purchased a new stake in shares of Strive in the 4th quarter valued at approximately $74,000. FNY Investment Advisers LLC raised its position in shares of Strive by 457,042.9% during the 4th quarter. FNY Investment Advisers LLC now owns 160,000 shares of the company’s stock valued at $118,000 after buying an additional 159,965 shares during the period. Gibbs Wealth Management purchased a new stake in shares of Strive during the 4th quarter valued at approximately $59,000. Trivium Point Advisory LLC acquired a new position in Strive in the fourth quarter valued at approximately $103,000. Finally, Institute for Wealth Management LLC. acquired a new position in Strive in the fourth quarter valued at approximately $26,000. 5.52% of the stock is owned by hedge funds and other 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.