Strive (NASDAQ:ASST) Price Target Raised to $26.00

Strive (NASDAQ:ASST) had its price objective boosted by research analysts at B. Riley Financial from $16.00 to $26.00 in a research note issued on Thursday, Benzinga reports. The firm presently has a “buy” rating on the stock. B. Riley Financial’s price objective suggests a potential downside of 3.65% from the stock’s current price.

Several other brokerages have also issued reports on ASST. TD Cowen cut their target price on shares of Strive from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. Wall Street Zen upgraded shares of Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. B Riley reissued a “buy” rating on shares of Strive in a research report on Thursday. HC Wainwright reduced their target price on Strive from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Finally, Benchmark reaffirmed a “buy” rating on shares of Strive in a research report on Thursday, August 20th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Strive presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.40.

Strive Trading Up 11.0%

NASDAQ ASST traded up $2.66 during trading hours on Thursday, hitting $26.98. 13,126,597 shares of the company’s stock were exchanged, compared to its average volume of 4,757,962. The stock has a 50-day simple moving average of $14.12 and a 200 day simple moving average of $13.30. Strive has a 1-year low of $7.02 and a 1-year high of $252.00. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of -3.06 and a beta of 13.34.

Strive (NASDAQ:ASST) last issued its quarterly earnings results on Monday, August 10th. The company reported ($3.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.95) by ($2.70). The business 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%. On average, sell-side analysts anticipate that Strive will post -9.4 earnings per share for the current fiscal year.

Insider Activity at Strive

In related news, Director Pierre Rochard acquired 15,900 shares of the company’s stock in a transaction on Friday, August 14th. The stock was acquired at an average price of $12.54 per share, with a total value of $199,386.00. Following the acquisition, the director directly owned 15,900 shares of the company’s stock, valued at approximately $199,386. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this link. Company insiders own 2.71% of the company’s stock.

Institutional Investors Weigh In On Strive

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC increased its stake in shares of Strive by 180.4% in the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock worth $41,000 after acquiring an additional 7,057 shares during the period. California State Teachers Retirement System purchased a new position in Strive in the second quarter valued at $87,000. AXQ Capital LP acquired a new position in shares of Strive in the second quarter worth about $110,000. Engineers Gate Manager LP purchased a new stake in shares of Strive during the 2nd quarter worth about $40,000. Finally, Two Sigma Investments LP purchased a new stake in shares of Strive during the 3rd quarter worth about $27,000. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

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.