Strive (NASDAQ:ASST) Shares Up 6.6% – Should You Buy?

Strive, Inc. (NASDAQ:ASST) shares traded up 6.6% on Monday . The stock traded as high as $13.23 and last traded at $13.1220. 1,710,109 shares changed hands during mid-day trading, a decline of 59% from the average session volume of 4,200,464 shares. The stock had previously closed at $12.31.

Analyst Ratings Changes

A number of equities research analysts have commented on ASST shares. 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. Benchmark reiterated a “buy” rating on shares of Strive in a research note on Monday, June 15th. HC Wainwright decreased 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 lowered their price target on Strive from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Finally, Weiss Ratings upgraded shares of Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $27.20.

Strive Trading Up 6.7%

The firm’s fifty day moving average is $12.86 and its 200-day moving average is $12.64. The stock has a market capitalization of $1.12 billion, a PE ratio of -1.53 and a beta of 13.20.

Strive (NASDAQ:ASST) last posted its earnings results on Monday, August 10th. The company reported ($3.65) earnings per share for the quarter, missing the consensus estimate of ($0.95) by ($2.70). The company had revenue of $2.94 million during the quarter, compared to analyst estimates of $3.02 million. Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. As a group, equities analysts predict that Strive, Inc. will post -9.4 EPS for the current year.

Institutional Trading of Strive

Several hedge funds have recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new position in shares of Strive in the 4th quarter valued at about $25,000. Valtinson Bruner Financial Planning LLC purchased a new stake in shares of Strive in the 4th quarter valued at about $25,000. Pinnacle Associates Ltd. acquired a new stake in shares of Strive in the fourth quarter valued at approximately $26,000. Verdence Capital Advisors LLC purchased a new position in Strive during the 4th quarter worth $26,000. Finally, Institute for Wealth Management LLC. purchased a new position in shares of Strive during the fourth 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.