Strive (NASDAQ:ASST) Shares Gap Up – What’s Next?

Strive, Inc. (NASDAQ:ASST)’s stock price gapped up before the market opened on Thursday . The stock had previously closed at $12.02, but opened at $12.83. Strive shares last traded at $13.6210, with a volume of 1,310,976 shares traded.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. B. Riley Financial lifted their price target on shares of Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Weiss Ratings reissued a “sell (e+)” rating on shares of Strive in a report on Tuesday. Maxim Group dropped their price objective on shares of Strive from $30.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Finally, TD Cowen reaffirmed a “buy” rating and set a $30.00 price objective (up from $28.00) on shares of Strive in a report on Monday, May 18th. Five research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $28.00.

Strive Stock Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 11.44 and a current ratio of 11.44. The firm has a 50 day moving average price of $15.43 and a two-hundred day moving average price of $13.84. The company has a market capitalization of $958.08 million, a P/E ratio of -1.53 and a beta of 13.22.

Strive (NASDAQ:ASST) last posted its earnings results on Thursday, May 14th. The company reported ($5.19) EPS for the quarter, missing the consensus estimate of ($2.70) by ($2.49). The company had revenue of $2.76 million for the quarter, compared to the consensus estimate 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, research analysts expect that Strive, Inc. will post -4.11 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in ASST. Geode Capital Management LLC grew its holdings in shares of Strive by 362.6% in the 2nd quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock worth $561,000 after purchasing an additional 117,249 shares during the last quarter. Creative Planning bought a new position in Strive during the 2nd quarter valued at about $79,000. XTX Topco Ltd bought a new position in Strive during the 2nd quarter valued at about $126,000. Engineers Gate Manager LP acquired a new position in Strive in the second quarter valued at about $40,000. Finally, Tower Research Capital LLC TRC boosted its position in Strive by 180.4% in the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after buying an additional 7,057 shares in the last quarter. 5.52% of the stock is owned by institutional investors.

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.