Strive, Inc. (NASDAQ:ASST) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Strive, Inc. (NASDAQ:ASST) have earned a consensus recommendation of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $28.00.

ASST has been the topic of a number of research reports. HC Wainwright raised their target price on shares of Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. B. Riley Financial raised their target price on Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. TD Cowen reaffirmed a “buy” rating and issued a $30.00 price target (up from $28.00) on shares of Strive in a research note on Monday, May 18th. Maxim Group decreased 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. Finally, Zacks Research upgraded Strive to a “hold” rating in a report on Wednesday, March 11th.

Hedge Funds Weigh In On Strive

Large investors have recently bought and sold shares of the stock. Yorkville Advisors Global LP purchased a new stake in shares of Strive in the third quarter valued at about $92,593,000. Anson Funds Management LP increased its stake in Strive by 4,028.5% in the 3rd quarter. Anson Funds Management LP now owns 35,250,000 shares of the company’s stock valued at $88,125,000 after buying an additional 36,147,300 shares during the period. Alyeska Investment Group L.P. purchased a new position in Strive during the 3rd quarter worth $84,375,000. Woodline Partners LP acquired a new stake in shares of Strive in the 3rd quarter worth $31,481,000. Finally, Ghisallo Capital Management LLC purchased a new stake in Strive in the 3rd quarter valued at approximately $27,778,000. Institutional investors and hedge funds own 5.52% of the company’s stock.

Strive Price Performance

Shares of ASST opened at $13.95 on Wednesday. The business’s 50-day moving average is $15.80 and its two-hundred day moving average is $14.20. The company has a market capitalization of $1.02 billion, a P/E ratio of -1.62 and a beta of 13.09. The company has a debt-to-equity ratio of 0.01, a quick ratio of 11.44 and a current ratio of 11.44. Strive has a fifty-two week low of $7.02 and a fifty-two week high of $252.00.

Strive (NASDAQ:ASST) last announced its quarterly 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 return on equity of 139.10% and a negative net margin of 9,655.92%.The company had revenue of $2.76 million for the quarter, compared to analyst estimates of $2.73 million. Research analysts predict that Strive will post -4.11 earnings per share for the current year.

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.