Strive, Inc. (NASDAQ:ASST) Receives Consensus Rating of “Moderate Buy” from Analysts

Strive, Inc. (NASDAQ:ASST) has been given an average rating of “Moderate Buy” by the six ratings firms that are currently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $23.50.

Several research analysts have recently weighed in on ASST shares. TD Cowen started coverage on Strive in a research report on Friday, April 10th. They issued a “buy” rating and a $26.00 price objective for the company. Zacks Research raised Strive to a “hold” rating in a research report on Wednesday, March 11th. B. Riley Financial reissued a “buy” rating on shares of Strive in a research report on Wednesday, April 29th. Wall Street Zen lowered Strive from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Finally, HC Wainwright started coverage on Strive in a research report on Tuesday, April 21st. They issued a “buy” rating and a $36.00 price objective for the company.

Insider Buying and Selling at Strive

In other Strive news, CFO Benjamin Pham acquired 7,900 shares of the stock in a transaction dated Tuesday, February 17th. The stock was purchased at an average cost of $8.23 per share, with a total value of $65,017.00. Following the transaction, the chief financial officer owned 7,900 shares in the company, valued at approximately $65,017. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 2.71% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. Engineers Gate Manager LP bought a new stake in Strive in the 2nd quarter valued at about $40,000. Two Sigma Investments LP bought a new stake in Strive in the 3rd quarter valued at about $27,000. Tower Research Capital LLC TRC increased its position in Strive by 180.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after buying an additional 7,057 shares in the last quarter. Osaic Holdings Inc. bought a new stake in Strive in the 2nd quarter valued at about $41,000. Finally, Formidable Asset Management LLC bought a new stake in Strive in the 1st quarter valued at about $113,000. 5.52% of the stock is owned by institutional investors.

Strive Trading Up 0.2%

Shares of ASST opened at $16.35 on Tuesday. The company has a market capitalization of $1.13 billion, a PE ratio of -2.73 and a beta of 13.46. Strive has a 12 month low of $7.02 and a 12 month high of $268.40. The stock’s 50-day moving average price is $10.94 and its two-hundred day moving average price is $15.91.

Strive (NASDAQ:ASST) last posted its quarterly earnings data on Saturday, January 31st. The company reported ($4.73) earnings per share for the quarter. Strive had a negative return on equity of 122.88% and a negative net margin of 7,335.00%. Equities research analysts predict that Strive will post 0.97 EPS for the current fiscal 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.