Strive (NASDAQ:ASST) Shares Gap Up – Here’s Why

Strive, Inc. (NASDAQ:ASST) gapped up before the market opened on Monday . The stock had previously closed at $13.92, but opened at $14.94. Strive shares last traded at $15.2160, with a volume of 845,218 shares changing hands.

Analysts Set New Price Targets

Several research firms recently weighed in on ASST. Zacks Research upgraded Strive to a “hold” rating in a research report on Wednesday, March 11th. B. Riley Financial lifted their target price on Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 15th. TD Cowen reiterated a “buy” rating and set a $30.00 target price (up from $28.00) on shares of Strive in a research report on Monday, May 18th. Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Finally, Benchmark began coverage on Strive in a research report on Tuesday, June 2nd. They set a “buy” rating and a $32.00 target price on the stock. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Strive Trading Up 11.4%

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 stock has a fifty day simple moving average of $14.59 and a 200 day simple moving average of $14.76. The firm has a market capitalization of $1.13 billion, a P/E ratio of -1.81 and a beta of 13.11.

Strive (NASDAQ:ASST) last posted 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 business had revenue of $2.76 million for the quarter, compared to the consensus estimate of $2.73 million. Strive had a negative net margin of 9,655.92% and a negative return on equity of 139.10%. As a group, research analysts forecast that Strive, Inc. will post -4.11 EPS for the current year.

Institutional Investors Weigh In On Strive

Institutional investors and hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC bought a new stake in Strive during the fourth quarter valued at about $25,000. Valtinson Bruner Financial Planning LLC bought a new stake in shares of Strive in the fourth quarter worth about $25,000. Institute for Wealth Management LLC. bought a new stake in shares of Strive in the fourth quarter worth about $26,000. Verdence Capital Advisors LLC bought a new stake in shares of Strive in the fourth quarter worth about $26,000. Finally, Pinnacle Associates Ltd. bought a new stake in shares of Strive in the fourth quarter worth about $26,000. 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.