115,600 Shares in Strive, Inc. $ASST Acquired by Peapack Gladstone Financial Corp

Peapack Gladstone Financial Corp purchased a new position in shares of Strive, Inc. (NASDAQ:ASST) during the fourth quarter, Holdings Channel reports. The firm purchased 115,600 shares of the company’s stock, valued at approximately $85,000.

A number of other hedge funds have also recently added to or reduced their stakes in ASST. Geode Capital Management LLC grew its stake in Strive by 362.6% during the 2nd quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock worth $561,000 after buying an additional 117,249 shares during the last quarter. Creative Planning purchased a new position in Strive during the 2nd quarter worth approximately $79,000. XTX Topco Ltd purchased a new position in Strive during the 2nd quarter worth approximately $126,000. Engineers Gate Manager LP purchased a new position in Strive during the 2nd quarter worth approximately $40,000. Finally, Tower Research Capital LLC TRC grew its stake in Strive by 180.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock worth $41,000 after buying an additional 7,057 shares during the last quarter. Hedge funds and other institutional investors own 5.52% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ASST. Maxim Group dropped their price target on Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. TD Cowen restated a “buy” rating and set a $30.00 price target (up from $28.00) on shares of Strive in a research note on Monday, May 18th. B. Riley Financial lifted their target price on Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Zacks Research upgraded Strive to a “hold” rating in a research note on Wednesday, March 11th. Finally, HC Wainwright lifted their target price on Strive from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Strive Trading Up 1.9%

Shares of ASST stock opened at $15.02 on Friday. The business’s 50 day moving average is $14.53 and its two-hundred day moving average is $14.80. Strive, Inc. has a twelve month low of $7.02 and a twelve month high of $252.00. The company has a market capitalization of $1.10 billion, a P/E ratio of -1.75 and a beta of 13.09. The company has a current ratio of 11.44, a quick ratio of 11.44 and a debt-to-equity ratio of 0.01.

Strive (NASDAQ:ASST) last announced its earnings results on Thursday, May 14th. The company reported ($5.19) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $2.76 million during the quarter, compared to analysts’ expectations of $2.73 million. Equities analysts forecast that Strive, Inc. will post -4.11 EPS for the current 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.