Strive (NASDAQ:ASST) Coverage Initiated by Analysts at TD Cowen

TD Cowen initiated coverage on shares of Strive (NASDAQ:ASST) in a report released on Friday. The brokerage set a “buy” rating and a $26.00 price target on the stock. TD Cowen’s price target would indicate a potential upside of 169.71% from the stock’s current price.

A number of other equities analysts have also recently weighed in on ASST. Zacks Research raised shares of Strive to a “hold” rating in a research report on Wednesday, March 11th. Wall Street Zen cut Strive from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. B. Riley Financial initiated coverage on shares of Strive in a research note on Tuesday, March 10th. They set a “buy” rating and a $12.00 price target on the stock. Weiss Ratings reissued a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. Finally, Maxim Group dropped their price objective on shares of Strive from $30.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $19.33.

Strive Trading Down 6.0%

Shares of NASDAQ:ASST opened at $9.64 on Friday. The company has a market capitalization of $666.69 million, a price-to-earnings ratio of -1.61 and a beta of 15.29. Strive has a 12-month low of $7.02 and a 12-month high of $268.40. The business has a 50-day moving average price of $9.67 and a 200 day moving average price of $19.77.

Strive (NASDAQ:ASST) last posted its earnings results on Saturday, January 31st. The company reported ($4.73) EPS for the quarter. Strive had a negative net margin of 7,335.00% and a negative return on equity of 122.88%.

Insider Activity

In related news, CEO Matthew Ryan Cole purchased 25,000 shares of Strive stock in a transaction on Tuesday, January 13th. The shares were bought at an average price of $18.40 per share, with a total value of $460,000.00. Following the transaction, the chief executive officer directly owned 38,150 shares of the company’s stock, valued at approximately $701,960. This trade represents a 190.11% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Benjamin Pham acquired 6,214 shares of the stock in a transaction dated Wednesday, February 18th. The shares were bought at an average cost of $8.06 per share, with a total value of $50,084.84. Following the completion of the transaction, the chief financial officer owned 6,214 shares of the company’s stock, valued at approximately $50,084.84. This represents a ? increase in their position. The SEC filing for this purchase provides additional information. In the last 90 days, insiders have acquired 39,114 shares of company stock worth $575,102. 2.71% of the stock is owned by company insiders.

Institutional Investors Weigh In On Strive

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

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.