Brokerages Set Strive, Inc. (NASDAQ:ASST) Target Price at $28.40

Shares of Strive, Inc. (NASDAQ:ASST) have earned a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price objective among brokers that have covered the stock in the last year is $28.40.

Several brokerages have issued reports on ASST. B Riley reaffirmed a “buy” rating on shares of Strive in a research note on Thursday, September 3rd. TD Cowen reduced their target price on shares of Strive from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Wall Street Zen raised shares of Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. B. Riley Financial boosted their price target on shares of Strive from $16.00 to $26.00 and gave the stock a “buy” rating in a research report on Thursday, September 3rd. Finally, Weiss Ratings raised shares of Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 14th.

Strive Price Performance

Shares of NASDAQ:ASST opened at $26.69 on Monday. The business’s 50 day moving average price is $15.67 and its 200-day moving average price is $13.97. The firm has a market capitalization of $2.28 billion, a PE ratio of -3.02 and a beta of 13.36. Strive has a 1 year low of $7.02 and a 1 year high of $252.00.

Strive (NASDAQ:ASST) last issued its quarterly earnings results on Monday, August 10th. The company reported ($3.65) EPS for the quarter, missing the consensus estimate of ($0.95) by ($2.70). Strive had a negative return on equity of 141.47% and a negative net margin of 10,957.22%.The firm had revenue of $2.94 million for the quarter, compared to analysts’ expectations of $3.02 million. As a group, analysts expect that Strive will post 1.17 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Pierre Rochard bought 15,900 shares of the stock in a transaction dated Friday, August 14th. The shares were acquired at an average cost of $12.54 per share, for a total transaction of $199,386.00. Following the acquisition, the director directly owned 15,900 shares in the company, valued at approximately $199,386. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.71% of the stock is owned by company insiders.

Institutional Investors Weigh In On Strive

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC purchased a new position in Strive during the fourth quarter worth approximately $25,000. Valtinson Bruner Financial Planning LLC purchased a new stake in Strive in the 4th quarter valued at $25,000. Pinnacle Associates Ltd. purchased a new stake in Strive in the 4th quarter valued at $26,000. Two Sigma Investments LP acquired a new stake in shares of Strive in the 3rd quarter worth $27,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Strive in the 3rd quarter worth $28,000. Institutional investors and hedge funds own 5.52% of the company’s stock.

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.