Kera Capital Partners Inc. Purchases Shares of 48,955 Strive, Inc. $ASST

Kera Capital Partners Inc. acquired a new stake in shares of Strive, Inc. (NASDAQ:ASST) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 48,955 shares of the company’s stock, valued at approximately $36,000.

Other large investors have also modified their holdings of the company. Sanctuary Advisors LLC acquired a new stake in shares of Strive in the fourth quarter worth approximately $25,000. Valtinson Bruner Financial Planning LLC acquired a new position in Strive during the fourth quarter worth approximately $25,000. Institute for Wealth Management LLC. purchased a new position in Strive during the fourth quarter worth approximately $26,000. Verdence Capital Advisors LLC purchased a new position in Strive during the fourth quarter worth approximately $26,000. Finally, Pinnacle Associates Ltd. acquired a new position in shares of Strive in the 4th quarter valued at $26,000. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

Strive Price Performance

ASST opened at $14.81 on Tuesday. Strive, Inc. has a 52-week low of $7.02 and a 52-week high of $252.00. The company has a 50 day moving average of $15.73 and a two-hundred day moving average of $14.25. The company has a market cap of $1.08 billion, a P/E ratio of -1.72 and a beta of 13.11. The company has a quick ratio of 11.44, a current ratio of 11.44 and a debt-to-equity ratio of 0.01.

Strive (NASDAQ:ASST) last issued its earnings results on Thursday, May 14th. The company reported ($5.19) EPS for the quarter, missing analysts’ consensus estimates of ($2.70) by ($2.49). The business had revenue of $2.76 million during the quarter, compared to analysts’ expectations of $2.73 million. Strive had a negative net margin of 9,655.92% and a negative return on equity of 139.10%. On average, analysts expect that Strive, Inc. will post -4.11 earnings per share for the current year.

Wall Street Analyst Weigh In

ASST has been the subject of several research reports. B. Riley Financial boosted their price objective on shares of Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Maxim Group reduced their target price on Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. TD Cowen reissued a “buy” rating and set a $30.00 price target (up from $28.00) on shares of Strive in a research report on Monday, May 18th. HC Wainwright upped their price target on Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Zacks Research upgraded Strive to a “hold” rating in a report on Wednesday, March 11th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

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.