Strive (NASDAQ:ASST) Stock Price Up 6.6% – What’s Next?

Strive, Inc. (NASDAQ:ASST)’s stock price traded up 6.6% on Monday . The stock traded as high as $19.50 and last traded at $19.4280. Approximately 2,537,588 shares were traded during mid-day trading, a decline of 41% from the average daily volume of 4,316,985 shares. The stock had previously closed at $18.22.

Wall Street Analysts Forecast Growth

ASST has been the subject of several analyst reports. Wall Street Zen raised shares of Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. TD Cowen lowered their price objective on Strive from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings upgraded Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Benchmark reissued a “buy” rating on shares of Strive in a research note on Thursday. Finally, HC Wainwright reduced their price target on Strive from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. 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 company’s stock. According to data from MarketBeat, Strive currently has an average rating of “Moderate Buy” and a consensus price target of $27.20.

Strive Trading Up 8.8%

The firm has a market capitalization of $1.69 billion, a price-to-earnings ratio of -2.25 and a beta of 13.20. The stock’s 50 day moving average price is $12.89 and its two-hundred day moving average price is $12.62.

Strive (NASDAQ:ASST) last announced its quarterly earnings results on Monday, August 10th. The company reported ($3.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.95) by ($2.70). Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. The company had revenue of $2.94 million during the quarter, compared to analysts’ expectations of $3.02 million. On average, sell-side analysts forecast that Strive, Inc. will post -9.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Pierre Rochard bought 15,900 shares of the company’s stock in a transaction on Friday, August 14th. The stock was bought at an average cost of $12.54 per share, with a total value of $199,386.00. Following the completion of the acquisition, the director owned 15,900 shares in the company, valued at approximately $199,386. This represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 2.71% of the company’s stock.

Institutional Investors Weigh In On Strive

Several institutional investors have recently modified their holdings of the company. California State Teachers Retirement System acquired a new stake in shares of Strive in the 2nd quarter worth approximately $87,000. Ameritas Advisory Services LLC acquired a new position in Strive during the second quarter worth $516,000. AXQ Capital LP acquired a new position in Strive during the second quarter worth $110,000. Formidable Asset Management LLC acquired a new position in Strive during the first quarter worth $113,000. Finally, J. Derek Lewis & Associates Inc. purchased a new stake in Strive during the fourth quarter worth $71,000. Hedge funds and other 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.