Kera Capital Partners Inc. Makes New Investment in Strive, Inc. $ASST

Kera Capital Partners Inc. bought a new stake in Strive, Inc. (NASDAQ:ASST) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 48,955 shares of the company’s stock, valued at approximately $36,000. Kera Capital Partners Inc. owned about 0.08% of Strive as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Sanctuary Advisors LLC purchased a new stake in shares of Strive in the 4th quarter worth about $25,000. Valtinson Bruner Financial Planning LLC acquired a new position in Strive during the fourth quarter worth about $25,000. Institute for Wealth Management LLC. acquired a new position in Strive during the fourth quarter worth about $26,000. Verdence Capital Advisors LLC purchased a new stake in shares of Strive in the fourth quarter valued at about $26,000. Finally, Pinnacle Associates Ltd. acquired a new stake in shares of Strive in the fourth quarter valued at approximately $26,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on ASST shares. B. Riley Financial lifted their price objective on Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Zacks Research upgraded Strive to a “hold” rating in a report on Wednesday, March 11th. Wall Street Zen raised Strive from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. HC Wainwright boosted their price target on Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, Benchmark restated a “buy” rating on shares of Strive in a research report on Monday, June 15th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Strive currently has an average rating of “Moderate Buy” and an average price target of $28.00.

Strive Stock Performance

NASDAQ:ASST opened at $14.81 on Tuesday. 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 firm has a market cap of $1.08 billion, a PE ratio of -1.72 and a beta of 13.11. The firm has a 50 day simple moving average of $15.73 and a 200-day simple moving average of $14.25. Strive, Inc. has a 1-year low of $7.02 and a 1-year high of $252.00.

Strive (NASDAQ:ASST) last announced 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 firm had revenue of $2.76 million for the quarter, compared to analyst estimates of $2.73 million. Strive had a negative return on equity of 139.10% and a negative net margin of 9,655.92%. On average, equities analysts expect that Strive, Inc. will post -4.11 EPS for the current year.

Strive 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.