Strive, Inc. (NASDAQ:ASST) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Strive, Inc. (NASDAQ:ASST) have received a consensus recommendation of “Moderate Buy” from the seven analysts that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $28.00.

ASST has been the topic of a number of research reports. Benchmark initiated coverage on shares of Strive in a research report on Tuesday. They set a “buy” rating and a $32.00 target price on the stock. HC Wainwright raised their target price on shares of Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Zacks Research upgraded shares of Strive to a “hold” rating in a research report on Wednesday, March 11th. Wall Street Zen upgraded shares of Strive from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, TD Cowen reiterated a “buy” rating and issued a $30.00 price objective (up from $28.00) on shares of Strive in a research report on Monday, May 18th.

Hedge Funds Weigh In On Strive

A number of large investors have recently made changes to their positions in ASST. Sanctuary Advisors LLC purchased a new stake in shares of Strive in the 4th quarter worth about $25,000. Valtinson Bruner Financial Planning LLC purchased a new stake in shares of Strive in the 4th quarter worth about $25,000. Institute for Wealth Management LLC. purchased a new stake in shares of Strive in the 4th quarter worth about $26,000. Verdence Capital Advisors LLC purchased a new stake in shares of Strive in the 4th quarter worth about $26,000. Finally, Pinnacle Associates Ltd. purchased a new stake in shares of Strive in the 4th quarter worth about $26,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

Strive Trading Down 7.3%

NASDAQ ASST opened at $13.92 on Friday. The firm’s 50-day moving average is $14.59 and its two-hundred day moving average is $14.80. Strive has a 12 month low of $7.02 and a 12 month high of $252.00. 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 capitalization of $1.02 billion, a P/E ratio of -1.62 and a beta of 13.09.

Strive (NASDAQ:ASST) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($5.19) earnings per share (EPS) for the quarter, missing the consensus estimate 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 analyst estimates of $2.73 million. On average, sell-side analysts anticipate that Strive will post -4.11 earnings per share for the current year.

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.