Strive (NASDAQ:ASST) Stock Price Down 6.8% – Should You Sell?

Strive, Inc. (NASDAQ:ASST)’s share price fell 6.8% during trading on Wednesday . The stock traded as low as $13.00 and last traded at $13.00. 744,728 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 4,484,060 shares. The stock had previously closed at $13.95.

Wall Street Analyst Weigh In

ASST has been the subject of several research reports. TD Cowen reissued 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. HC Wainwright increased their price objective on Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Zacks Research upgraded Strive to a “hold” rating in a research report on Wednesday, March 11th. Wall Street Zen raised shares of Strive from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Benchmark restated a “buy” rating on shares of Strive in a research note on Monday, June 15th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $28.00.

Strive Stock Performance

The stock has a 50 day moving average of $15.80 and a 200 day moving average of $14.20. The company has a quick ratio of 11.44, a current ratio of 11.44 and a debt-to-equity ratio of 0.01. The firm has a market cap of $932.54 million, a price-to-earnings ratio of -1.49 and a beta of 13.09.

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 analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $2.73 million. As a group, analysts anticipate that Strive, Inc. will post -4.11 EPS for the current fiscal year.

Institutional Trading of Strive

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