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

Strive, Inc. (NASDAQ:ASST) has been assigned an average recommendation of “Moderate Buy” from the seven brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $28.00.

ASST has been the subject of several recent research reports. Maxim Group decreased their price objective on Strive from $30.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 23rd. B. Riley Financial raised their target price on shares of Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 15th. TD Cowen restated a “buy” rating and issued a $30.00 price target (up from $28.00) on shares of Strive in a report on Monday, May 18th. HC Wainwright upped their price target 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. Finally, Wall Street Zen upgraded shares of Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th.

Strive Trading Up 1.8%

ASST opened at $11.86 on Friday. The stock’s fifty day moving average is $14.76 and its two-hundred day moving average is $13.53. The company has a market capitalization of $866.73 million, a P/E ratio of -1.38 and a beta of 13.22. Strive has a 52 week low of $7.02 and a 52 week high of $252.00. The company has a quick ratio of 11.44, a current ratio of 11.44 and a debt-to-equity ratio of 0.01.

Strive (NASDAQ:ASST) last issued its earnings results on Thursday, May 14th. The company reported ($5.19) earnings per share 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 during the quarter, compared to analysts’ expectations of $2.73 million. Analysts forecast that Strive will post -4.11 earnings per share for the current year.

Institutional Trading of Strive

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new position in shares of Strive in the 4th quarter valued at $25,000. Valtinson Bruner Financial Planning LLC purchased a new stake in shares of Strive during the 4th quarter worth $25,000. Pinnacle Associates Ltd. bought a new stake in Strive during the fourth quarter valued at about $26,000. Verdence Capital Advisors LLC bought a new stake in Strive during the fourth quarter valued at about $26,000. Finally, Institute for Wealth Management LLC. purchased a new position in Strive in the fourth quarter valued at about $26,000. 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.