HC Wainwright Cuts Strive (NASDAQ:ASST) Price Target to $36.00

Strive (NASDAQ:ASST) had its price target reduced by HC Wainwright from $37.00 to $36.00 in a research report report published on Tuesday, MarketBeat.com reports. They currently have a buy rating on the stock.

Several other analysts have also recently commented on ASST. TD Cowen decreased their target price on Strive from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Benchmark reaffirmed a “buy” rating on shares of Strive in a report on Monday, June 15th. Wall Street Zen upgraded shares of Strive from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Weiss Ratings raised shares of Strive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Finally, B. Riley Financial raised their price objective on shares of Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, Strive has a consensus rating of “Moderate Buy” and an average target price of $27.20.

Strive Stock Up 1.5%

Shares of ASST opened at $12.58 on Tuesday. The company has a market capitalization of $919.35 million, a P/E ratio of -1.46 and a beta of 13.21. Strive has a one year low of $7.02 and a one year high of $252.00. The business’s 50 day simple moving average is $12.90 and its 200-day simple moving average is $12.67. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.44 and a quick ratio of 11.44.

Strive (NASDAQ:ASST) last released its quarterly earnings results on Monday, August 10th. The company reported ($3.65) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.95) by ($2.70). Strive had a negative net margin of 9,530.52% and a negative return on equity of 140.01%. The business had revenue of $2.94 million for the quarter, compared to analyst estimates of $3.02 million. As a group, sell-side analysts predict that Strive will post -9.4 EPS for the current fiscal year.

Institutional Investors Weigh In On Strive

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its stake 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 valued at $41,000 after acquiring an additional 7,057 shares during the period. Engineers Gate Manager LP acquired a new stake in Strive in the second quarter worth about $40,000. Two Sigma Investments LP acquired a new stake in Strive in the third quarter worth about $27,000. Osaic Holdings Inc. bought a new stake in Strive during the 2nd quarter worth about $41,000. Finally, Formidable Asset Management LLC bought a new stake in Strive during the 1st quarter worth about $113,000. Institutional investors own 5.52% of the company’s stock.

About Strive

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.