Strive, Inc. (NASDAQ:ASST) Given Consensus Rating of “Moderate Buy” by Brokerages

Strive, Inc. (NASDAQ:ASST) has earned an average recommendation of “Moderate Buy” from the seven analysts that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $28.00.

Several equities analysts have recently commented on ASST shares. HC Wainwright boosted their price objective on Strive from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, May 15th. B. Riley Financial upped their target price on Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Benchmark reaffirmed a “buy” rating on shares of Strive in a research note on Monday, June 15th. TD Cowen reaffirmed a “buy” rating and set a $30.00 target price (up from $28.00) on shares of Strive in a research note on Monday, May 18th. Finally, Wall Street Zen raised Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th.

Strive Stock Down 5.8%

Shares of NASDAQ:ASST opened at $13.95 on Wednesday. Strive has a 52-week low of $7.02 and a 52-week high of $252.00. The firm has a market capitalization of $1.02 billion, a P/E ratio of -1.62 and a beta of 13.09. The stock has a 50 day moving average price of $15.80 and a 200-day moving average price of $14.20. 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 posted its quarterly 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 company had revenue of $2.76 million during the quarter, compared to analysts’ expectations of $2.73 million. As a group, equities research analysts anticipate that Strive will post -4.11 EPS for the current fiscal year.

Hedge Funds Weigh In On Strive

Hedge funds have recently made changes to their positions in the company. Engineers Gate Manager LP acquired a new position in shares of Strive in the 2nd quarter valued at $40,000. Two Sigma Investments LP acquired a new stake in Strive during the 3rd quarter worth about $27,000. Tower Research Capital LLC TRC grew its position in Strive by 180.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock worth $41,000 after purchasing an additional 7,057 shares during the period. Osaic Holdings Inc. acquired a new stake in Strive during the 2nd quarter worth about $41,000. Finally, Formidable Asset Management LLC acquired a new stake in Strive during the 1st quarter worth about $113,000. 5.52% of the stock is owned by institutional investors and hedge funds.

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.