Strive (NASDAQ:ASST) Price Target Lowered to $28.00 at TD Cowen

Strive (NASDAQ:ASST) had its price target decreased by TD Cowen from $32.00 to $28.00 in a research report report published on Wednesday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

Other analysts have also recently issued research reports about the stock. B. Riley Financial upped their target price on shares of Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Weiss Ratings upgraded Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Wall Street Zen raised Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Benchmark reiterated a “buy” rating on shares of Strive in a report on Monday, June 15th. Finally, HC Wainwright upped their price objective on Strive from $36.00 to $38.00 and gave the company a “buy” rating in a report on Friday, May 15th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $27.60.

Strive Stock Down 2.5%

Shares of NASDAQ:ASST opened at $12.67 on Wednesday. Strive has a one year low of $7.02 and a one year high of $252.00. The company has a 50 day moving average of $14.48 and a 200-day moving average of $13.47. 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 market cap of $925.92 million, a price-to-earnings ratio of -1.47 and a beta of 13.22.

Strive (NASDAQ:ASST) last posted its quarterly 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). Strive had a negative return on equity of 139.10% and a negative net margin of 9,655.92%.The business had revenue of $2.76 million for the quarter, compared to the consensus estimate of $2.73 million. On average, sell-side analysts forecast that Strive will post -4.11 earnings per share for the current year.

Institutional Investors Weigh In On Strive

Large investors have recently bought and sold shares of the company. Alyeska Investment Group L.P. acquired a new stake in Strive in the third quarter worth $84,375,000. Woodline Partners LP bought a new position in shares of Strive during the third quarter worth $31,481,000. Geode Capital Management LLC grew its holdings in shares of Strive by 939.6% in the 4th quarter. Geode Capital Management LLC now owns 6,755,081 shares of the company’s stock valued at $4,988,000 after buying an additional 6,105,295 shares during the period. Alpine Fox Capital LLC acquired a new position in shares of Strive in the 4th quarter valued at $2,325,000. Finally, State Street Corp increased its position in shares of Strive by 3,418.4% in the 4th quarter. State Street Corp now owns 2,702,859 shares of the company’s stock valued at $1,995,000 after buying an additional 2,626,039 shares in the last quarter. 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.