Strive, Inc. (NASDAQ:ASST) Given Average Recommendation of “Moderate Buy” by Analysts

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

A number of research analysts have recently commented on the company. B. Riley Financial reiterated a “buy” rating on shares of Strive in a report on Wednesday, April 29th. Wall Street Zen lowered Strive from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Zacks Research upgraded Strive to a “hold” rating in a report on Wednesday, March 11th. TD Cowen assumed coverage on Strive in a report on Friday, April 10th. They set a “buy” rating and a $26.00 price target for the company. Finally, HC Wainwright assumed coverage on Strive in a report on Tuesday, April 21st. They set a “buy” rating and a $36.00 price target for the company.

Strive Stock Performance

ASST opened at $17.95 on Tuesday. The business has a 50 day moving average price of $11.80 and a 200 day moving average price of $15.87. Strive has a twelve month low of $7.02 and a twelve month high of $268.40. The firm has a market cap of $1.24 billion, a P/E ratio of -2.99 and a beta of 13.46.

Strive (NASDAQ:ASST) last posted its earnings results 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%. As a group, analysts anticipate that Strive will post 0.97 earnings per share for the current fiscal year.

Insider Activity at Strive

In other Strive news, CFO Benjamin Pham purchased 7,900 shares of the business’s stock in a transaction dated Tuesday, February 17th. The stock was bought at an average cost of $8.23 per share, for a total transaction of $65,017.00. Following the completion of the acquisition, the chief financial officer directly owned 7,900 shares in the company, valued at $65,017. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.71% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of ASST. Yorkville Advisors Global LP bought a new stake in shares of Strive during the third quarter valued at approximately $92,593,000. Anson Funds Management LP increased its position in shares of Strive by 4,028.5% during the third quarter. Anson Funds Management LP now owns 35,250,000 shares of the company’s stock valued at $88,125,000 after purchasing an additional 36,147,300 shares during the period. Alyeska Investment Group L.P. bought a new stake in shares of Strive during the third quarter valued at approximately $84,375,000. MMCAP International Inc. SPC bought a new stake in shares of Strive during the third quarter valued at approximately $46,296,000. Finally, Woodline Partners LP bought a new stake in shares of Strive during 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.