Analysts Set Strive, Inc. (NASDAQ:ASST) PT at $28.00

Strive, Inc. (NASDAQ:ASST) has received a consensus recommendation of “Moderate Buy” from the seven brokerages that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $27.60.

Several research analysts have commented on the company. HC Wainwright lifted their target price on Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, May 15th. B. Riley Financial increased their price target on Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 15th. TD Cowen lowered their price objective on Strive from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday. Wall Street Zen raised Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings upgraded Strive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of ASST. Tower Research Capital LLC TRC increased its position in shares of Strive by 180.4% during the second 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 period. Engineers Gate Manager LP acquired a new position in Strive in the second quarter valued at $40,000. Two Sigma Investments LP acquired a new position in Strive in the third quarter valued at $27,000. Osaic Holdings Inc. bought a new stake in Strive during the second quarter valued at $41,000. Finally, Formidable Asset Management LLC bought a new stake in Strive during the first quarter valued at $113,000. Institutional investors and hedge funds own 5.52% of the company’s stock.

Strive Price Performance

Shares of ASST opened at $11.49 on Friday. The business has a 50-day simple moving average of $14.27 and a two-hundred day simple moving average of $13.42. Strive has a 12-month low of $7.02 and a 12-month high of $252.00. The company has a quick ratio of 11.44, a current ratio of 11.44 and a debt-to-equity ratio of 0.01. The stock has a market cap of $839.69 million, a PE ratio of -1.34 and a beta of 13.22.

Strive (NASDAQ:ASST) last issued its quarterly earnings data on Thursday, May 14th. The company reported ($5.19) earnings per share (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 the consensus estimate of $2.73 million. Strive had a negative net margin of 9,655.92% and a negative return on equity of 139.10%. Analysts anticipate that Strive will post -4.11 earnings per share for the current fiscal 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.