TD Cowen Has Lowered Expectations for Strive (NASDAQ:ASST) Stock Price

Strive (NASDAQ:ASST) had its price objective dropped by TD Cowen from $32.00 to $28.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “buy” rating on the stock. TD Cowen’s price target indicates a potential upside of 122.72% from the company’s current price.

Several other research firms have also issued reports on ASST. HC Wainwright raised their target price on shares of Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Benchmark reiterated a “buy” rating on shares of Strive in a report on Monday, June 15th. Wall Street Zen raised 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 research 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 stock a “buy” rating in a research note on Friday, May 15th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $27.60.

Strive Trading Down 3.3%

NASDAQ:ASST traded down $0.43 during midday trading on Wednesday, hitting $12.57. 1,642,692 shares of the company traded hands, compared to its average volume of 4,406,852. The firm has a market capitalization of $918.80 million, a P/E ratio of -1.46 and a beta of 13.22. The firm’s fifty day moving average is $14.57 and its 200-day moving average is $13.49. Strive has a 12-month low of $7.02 and a 12-month high of $252.00. The company has a current ratio of 11.44, a quick ratio of 11.44 and a debt-to-equity ratio of 0.01.

Strive (NASDAQ:ASST) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($5.19) EPS for the quarter, missing the consensus estimate of ($2.70) by ($2.49). Strive had a negative return on equity of 139.10% and a negative net margin of 9,655.92%.The firm had revenue of $2.76 million for the quarter, compared to analysts’ expectations of $2.73 million. On average, sell-side analysts predict that Strive will post -4.11 EPS for the current year.

Institutional Trading of Strive

Several institutional investors and hedge funds have recently modified their holdings of the stock. Formidable Asset Management LLC bought a new stake in shares of Strive during the first quarter valued at approximately $113,000. J. Derek Lewis & Associates Inc. purchased a new position in Strive during the 4th quarter worth $71,000. Corient Private Wealth LLC purchased a new position in Strive during the 4th quarter worth $388,000. TRU Independence Asset Management 2 LLC bought a new stake in Strive during the 4th quarter valued at $63,000. Finally, Kera Capital Partners Inc. bought a new stake in Strive during the 4th quarter valued at $36,000. 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.