Strive, Inc. (NASDAQ:ASST) Receives $27.20 Consensus Price Target from Brokerages

Strive, Inc. (NASDAQ:ASST) has received an average recommendation of “Moderate Buy” from the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $27.20.

Several equities research analysts have recently weighed in on ASST shares. B. Riley Financial upped their price target on shares of Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Wall Street Zen raised shares of Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. TD Cowen reduced their price objective on shares of Strive from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Weiss Ratings upgraded Strive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Finally, HC Wainwright dropped their target price on Strive from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Alyeska Investment Group L.P. acquired a new stake in Strive in the third quarter valued at approximately $84,375,000. Woodline Partners LP acquired a new position in Strive during the 3rd quarter valued at about $31,481,000. Geode Capital Management LLC raised its stake in Strive by 939.6% in the fourth quarter. Geode Capital Management LLC now owns 6,755,081 shares of the company’s stock valued at $4,988,000 after buying an additional 6,105,295 shares during the last quarter. Alpine Fox Capital LLC acquired a new stake in Strive in the fourth quarter worth about $2,325,000. Finally, State Street Corp boosted its holdings in Strive by 3,418.4% in the fourth quarter. State Street Corp now owns 2,702,859 shares of the company’s stock worth $1,995,000 after acquiring an additional 2,626,039 shares in the last quarter. Institutional investors own 5.52% of the company’s stock.

Strive Trading Up 7.2%

Shares of ASST stock opened at $13.20 on Thursday. Strive has a twelve month low of $7.02 and a twelve month high of $252.00. The stock has a market capitalization of $1.13 billion, a price-to-earnings ratio of -1.54 and a beta of 13.20. The stock has a fifty day simple moving average of $12.82 and a two-hundred day simple moving average of $12.62.

Strive (NASDAQ:ASST) last announced its quarterly earnings results on Monday, August 10th. The company reported ($3.65) EPS for the quarter, missing the consensus estimate of ($0.95) by ($2.70). The firm had revenue of $2.94 million for the quarter, compared to analysts’ expectations of $3.02 million. Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. Research analysts predict that Strive will post -9.4 EPS for the current fiscal year.

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.