Strive (NASDAQ:ASST) Upgraded to Strong-Buy at Benchmark

Benchmark upgraded shares of Strive (NASDAQ:ASST) to a strong-buy rating in a research note published on Tuesday morning,Zacks.com reports.

Other equities research analysts have also issued research reports about the stock. TD Cowen reissued a “buy” rating and set a $30.00 target price (up from $28.00) on shares of Strive in a research note on Monday, May 18th. Zacks Research raised shares of Strive to a “hold” rating in a research note on Wednesday, March 11th. Maxim Group decreased their target price 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. Wall Street Zen raised shares of Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, HC Wainwright lifted their target price on shares of Strive from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, May 15th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Strive Trading Down 8.6%

NASDAQ ASST opened at $14.74 on Tuesday. Strive has a twelve month low of $7.02 and a twelve month high of $252.00. 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 stock has a market cap of $1.08 billion, a price-to-earnings ratio of -1.72 and a beta of 13.09. The firm’s 50 day moving average price is $14.42 and its two-hundred day moving average price is $14.85.

Strive (NASDAQ:ASST) last issued its earnings results 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). The company had revenue of $2.76 million for the quarter, compared to analyst estimates of $2.73 million. Strive had a negative net margin of 9,655.92% and a negative return on equity of 139.10%. Equities analysts anticipate that Strive will post -4.11 EPS for the current year.

Institutional Investors Weigh In On Strive

A number of large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC boosted its holdings in Strive by 180.4% in the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock worth $41,000 after purchasing an additional 7,057 shares in the last quarter. Engineers Gate Manager LP bought a new stake in Strive in the second quarter worth $40,000. Two Sigma Investments LP bought a new stake in Strive in the third quarter worth $27,000. Osaic Holdings Inc. bought a new stake in Strive in the second quarter worth $41,000. Finally, Formidable Asset Management LLC bought a new stake in Strive in the first quarter worth $113,000. 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.