Corient Private Wealth LLC Takes Position in Strive, Inc. $ASST

Corient Private Wealth LLC purchased a new position in Strive, Inc. (NASDAQ:ASST) during the 4th quarter, HoldingsChannel reports. The fund purchased 525,700 shares of the company’s stock, valued at approximately $388,000.

Several other large investors also recently bought and sold shares of ASST. Sanctuary Advisors LLC acquired a new stake in shares of Strive in the 4th quarter worth $25,000. Valtinson Bruner Financial Planning LLC purchased a new stake in shares of Strive during the 4th quarter valued at approximately $25,000. Verdence Capital Advisors LLC purchased a new stake in shares of Strive during the 4th quarter valued at approximately $26,000. Institute for Wealth Management LLC. acquired a new position in Strive in the fourth quarter valued at approximately $26,000. Finally, Pinnacle Associates Ltd. acquired a new position in Strive in the fourth quarter valued at approximately $26,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

Strive Stock Performance

NASDAQ:ASST opened at $13.11 on Tuesday. Strive, Inc. has a 52 week low of $7.02 and a 52 week high of $252.00. The company has a fifty day simple moving average of $15.37 and a two-hundred day simple moving average of $13.80. The company has a debt-to-equity ratio of 0.01, a quick ratio of 11.44 and a current ratio of 11.44.

Strive (NASDAQ:ASST) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($5.19) earnings per share (EPS) for the quarter, missing the consensus estimate 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%. Sell-side analysts predict that Strive, Inc. will post -4.11 earnings per share for the current year.

Wall Street Analysts Forecast Growth

ASST has been the subject of several recent analyst reports. B. Riley Financial raised their target price on Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Zacks Research raised Strive to a “hold” rating in a research note on Wednesday, March 11th. TD Cowen reiterated a “buy” rating and set a $30.00 price target (up from $28.00) on shares of Strive in a report on Monday, May 18th. Weiss Ratings reissued a “sell (e+)” rating on shares of Strive in a research report on Tuesday, June 30th. Finally, Wall Street Zen upgraded shares of Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

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.