Strive, Inc. (NASDAQ:ASST) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Strive, Inc. (NASDAQ:ASST) have been given a consensus rating of “Moderate Buy” by the seven ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $27.60.

Several brokerages have issued reports on ASST. Weiss Ratings raised shares of Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. HC Wainwright boosted their target price on shares of Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. TD Cowen reduced their target price on shares of Strive from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday. B. Riley Financial upped their target price on shares of Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Wall Street Zen raised shares of Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th.

Strive Price Performance

Shares of NASDAQ ASST opened at $12.09 on Friday. Strive has a 1-year low of $7.02 and a 1-year high of $252.00. The business has a 50-day moving average of $14.37 and a 200-day moving average of $13.44. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.44 and a quick ratio of 11.44. The company has a market capitalization of $883.54 million, a price-to-earnings ratio of -1.41 and a beta of 13.22.

Strive (NASDAQ:ASST) last posted its earnings results 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 company had revenue of $2.76 million during the quarter, compared to analyst estimates of $2.73 million. Strive had a negative net margin of 9,655.92% and a negative return on equity of 139.10%. On average, equities analysts anticipate that Strive will post -4.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Strive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASST. Thompson Davis & CO. Inc. purchased a new stake in Strive during the 4th quarter worth approximately $74,000. FNY Investment Advisers LLC raised its position in shares of Strive by 457,042.9% in the 4th quarter. FNY Investment Advisers LLC now owns 160,000 shares of the company’s stock valued at $118,000 after purchasing an additional 159,965 shares in the last quarter. Gibbs Wealth Management purchased a new position in shares of Strive during the 4th quarter valued at approximately $59,000. Trivium Point Advisory LLC purchased a new position in shares of Strive during the 4th quarter valued at approximately $103,000. Finally, Institute for Wealth Management LLC. acquired a new stake in shares of Strive during the fourth quarter worth approximately $26,000. 5.52% of the stock is owned by hedge funds and other institutional investors.

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.