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

Shares of Strive, Inc. (NASDAQ:ASST) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $27.00.

A number of equities research analysts have recently weighed in on the stock. B. Riley Financial boosted their price objective on shares of Strive from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 15th. Wall Street Zen raised shares of Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. HC Wainwright boosted their price objective on shares of Strive from $36.00 to $38.00 and gave the company a “buy” rating in a report on Friday, May 15th. TD Cowen reissued a “buy” rating and set a $30.00 price objective (up from $28.00) on shares of Strive in a report on Monday, May 18th. Finally, Zacks Research raised shares of Strive to a “hold” rating in a report on Wednesday, March 11th.

Institutional Investors Weigh In On Strive

Hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new stake in Strive in the fourth quarter valued at $25,000. Valtinson Bruner Financial Planning LLC purchased a new stake in Strive in the fourth quarter valued at $25,000. Institute for Wealth Management LLC. purchased a new stake in Strive in the fourth quarter valued at $26,000. Verdence Capital Advisors LLC purchased a new stake in Strive in the fourth quarter valued at $26,000. Finally, Pinnacle Associates Ltd. purchased a new stake in Strive in the fourth quarter valued at $26,000. 5.52% of the stock is owned by hedge funds and other institutional investors.

Strive Price Performance

Shares of ASST opened at $17.63 on Friday. The firm has a market capitalization of $1.29 billion, a PE ratio of -2.05 and a beta of 13.46. 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 has a 1-year low of $7.02 and a 1-year high of $252.00. The company’s fifty day moving average price is $14.08 and its 200-day moving average price is $15.15.

Strive (NASDAQ:ASST) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($5.19) earnings per share for the quarter, missing analysts’ consensus estimates of ($2.70) by ($2.49). The company had revenue of $2.76 million for the quarter, compared to analysts’ expectations 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 research analysts predict that Strive will post -4.11 EPS for the current year.

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.