Strive (NASDAQ:ASST) Price Target Raised to $33.00

Strive (NASDAQ:ASST) had its target price hoisted by B. Riley Financial from $26.00 to $33.00 in a research note issued to investors on Tuesday,Benzinga reports. B. Riley Financial currently has a buy rating on the stock.

A number of other equities research analysts also recently commented on ASST. Benchmark reissued a “buy” rating on shares of Strive in a research report on Thursday, August 20th. HC Wainwright lowered their target price on shares of Strive from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. TD Cowen reiterated a “buy” rating on shares of Strive in a research note on Monday. Finally, Weiss Ratings raised Strive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $29.80.

Strive Price Performance

Shares of NASDAQ ASST opened at $29.94 on Tuesday. The stock’s 50-day moving average is $19.22 and its two-hundred day moving average is $15.54. Strive has a 1-year low of $7.02 and a 1-year high of $61.80. The company has a market cap of $2.56 billion, a price-to-earnings ratio of -3.39 and a beta of 13.36.

Strive (NASDAQ:ASST) last announced its quarterly earnings data on Monday, August 10th. The company reported ($3.65) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.94 million for the quarter, compared to analyst estimates of $3.02 million. Equities research analysts anticipate that Strive will post 1.17 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, Director Pierre Rochard purchased 15,900 shares of Strive stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average cost of $12.54 per share, with a total value of $199,386.00. Following the completion of the transaction, the director directly owned 15,900 shares in the company, valued at approximately $199,386. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.71% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Allworth Financial LP purchased a new position in shares of Strive during the second quarter worth approximately $66,000. AXQ Capital LP acquired a new stake in Strive during the 2nd quarter worth $110,000. Formidable Asset Management LLC acquired a new stake in Strive during the 1st quarter worth $113,000. The Manufacturers Life Insurance Company purchased a new position in Strive during the 2nd quarter worth $179,000. Finally, Valtinson Bruner Financial Planning LLC purchased a new position in Strive during the 4th quarter worth $25,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

About Strive

Strive, Inc, formerly known as Asset Entities, Inc, is a bitcoin-focused financial company whose common stock trades on the Nasdaq under the symbol ASST. The company’s primary objective is to build and manage a bitcoin treasury while pursuing strategies intended to increase bitcoin exposure for its shareholders.

Strive’s activities include acquiring bitcoin, accessing capital markets and developing financial strategies related to digital assets. The company is led by Chief Executive Officer Matt Cole and was founded by entrepreneur and investor Vivek Ramaswamy.