TD Cowen Lowers Strive (NASDAQ:ASST) Price Target to $28.00

Strive (NASDAQ:ASST) had its price objective lowered by equities research analysts at TD Cowen from $32.00 to $28.00 in a research note issued to investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. TD Cowen’s target price would suggest a potential upside of 131.60% from the stock’s current price.

A number of other equities research analysts also recently weighed in on the company. Weiss Ratings raised Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 14th. B. Riley Financial boosted their price target on Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Benchmark reaffirmed a “buy” rating on shares of Strive in a research report on Monday, June 15th. Finally, HC Wainwright lifted their target price on shares of Strive from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $27.60.

Strive Trading Down 4.6%

Strive stock opened at $12.09 on Wednesday. The company’s fifty day simple moving average is $14.37 and its 200-day simple moving average is $13.44. 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 has a 12 month low of $7.02 and a 12 month high of $252.00. The stock has a market cap of $883.54 million, a P/E ratio of -1.41 and a beta of 13.22.

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 firm had revenue of $2.76 million for the quarter, compared to analysts’ expectations of $2.73 million. Strive had a negative return on equity of 139.10% and a negative net margin of 9,655.92%. As a group, sell-side analysts forecast that Strive will post -4.11 EPS for the current fiscal year.

Institutional Trading of Strive

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

Strive Company 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.