Strive (NASDAQ:ASST) Shares Gap Up – What’s Next?

Shares of Strive, Inc. (NASDAQ:ASST) gapped up prior to trading on Monday . The stock had previously closed at $13.92, but opened at $14.94. Strive shares last traded at $15.2160, with a volume of 845,218 shares traded.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Wall Street Zen upgraded shares of Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Zacks Research upgraded shares of Strive to a “hold” rating in a research note on Wednesday, March 11th. HC Wainwright upped their target price on shares of Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. B. Riley Financial upped their target price on shares of Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Benchmark assumed coverage on shares of Strive in a research note on Tuesday, June 2nd. They issued a “buy” rating and a $32.00 target price on the stock. Five investment 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, Strive currently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Strive Trading Down 6.6%

The company has a quick ratio of 11.44, a current ratio of 11.44 and a debt-to-equity ratio of 0.01. The stock’s 50 day moving average price is $14.77 and its 200-day moving average price is $14.66. The stock has a market capitalization of $1.04 billion, a P/E ratio of -1.65 and a beta of 13.09.

Strive (NASDAQ:ASST) last released its quarterly earnings data on Thursday, May 14th. The company reported ($5.19) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 business had revenue of $2.76 million for the quarter, compared to the consensus estimate of $2.73 million. As a group, equities research analysts expect that Strive, Inc. will post -4.11 earnings per share for the current year.

Institutional Investors Weigh In On Strive

Several institutional investors have recently bought and sold shares of the company. Yorkville Advisors Global LP acquired a new stake in Strive in the third quarter valued at approximately $92,593,000. Anson Funds Management LP boosted its stake in Strive by 4,028.5% in the third quarter. Anson Funds Management LP now owns 35,250,000 shares of the company’s stock valued at $88,125,000 after acquiring an additional 36,147,300 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in Strive in the third quarter valued at approximately $84,375,000. MMCAP International Inc. SPC acquired a new stake in Strive in the third quarter valued at approximately $46,296,000. Finally, Woodline Partners LP acquired a new stake in Strive in the third quarter valued at approximately $31,481,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.

Strive Company Profile

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.