HC Wainwright Issues Positive Forecast for Strive (NASDAQ:ASST) Stock Price

Strive (NASDAQ:ASST) had its target price raised by HC Wainwright from $36.00 to $38.00 in a report issued on Friday morning, MarketBeat reports. The brokerage currently has a buy rating on the stock.

Other equities analysts have also issued research reports about the stock. B. Riley Financial increased their price target on shares of Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday. Zacks Research upgraded Strive to a “hold” rating in a research report on Wednesday, March 11th. Wall Street Zen lowered Strive from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. TD Cowen assumed coverage on Strive in a research note on Friday, April 10th. They issued a “buy” rating and a $26.00 target price for the company. Finally, Maxim Group lowered their price objective on shares of Strive from $30.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $26.00.

Strive Price Performance

Shares of NASDAQ:ASST opened at $16.79 on Friday. The company’s fifty day moving average price is $12.47 and its 200-day moving average price is $15.86. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -2.80 and a beta of 13.46. Strive has a one year low of $7.02 and a one year high of $268.40.

Strive (NASDAQ:ASST) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($5.19) EPS for the quarter, missing analysts’ consensus estimates of ($2.70) by ($2.49). The company had revenue of $2.76 million during the quarter, compared to the consensus estimate of $2.73 million. Strive had a negative return on equity of 159.44% and a negative net margin of 8,228.65%. As a group, equities research analysts expect that Strive will post 0.97 EPS for the current year.

Insider Buying and Selling at Strive

In other Strive news, CFO Benjamin Pham acquired 6,214 shares of the stock in a transaction dated Wednesday, February 18th. The stock was purchased at an average cost of $8.06 per share, for a total transaction of $50,084.84. Following the acquisition, the chief financial officer owned 6,214 shares in the company, valued at $50,084.84. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 2.71% of the company’s stock.

Institutional Investors Weigh In On Strive

A number of hedge funds have recently made changes to their positions in ASST. Yorkville Advisors Global LP bought a new stake in Strive during the 3rd quarter valued at $92,593,000. Anson Funds Management LP raised its holdings in Strive by 4,028.5% during the 3rd quarter. Anson Funds Management LP now owns 35,250,000 shares of the company’s stock valued at $88,125,000 after buying an additional 36,147,300 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in Strive during the 3rd quarter valued at $84,375,000. MMCAP International Inc. SPC bought a new stake in Strive during the 3rd quarter valued at $46,296,000. Finally, Woodline Partners LP bought a new stake in Strive during the 3rd quarter valued at $31,481,000. 5.52% of the stock is currently owned by institutional investors.

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.