TD Cowen Cuts Strive (NASDAQ:ASST) Price Target to $28.00

Strive (NASDAQ:ASST) had its price target lowered by TD Cowen from $32.00 to $28.00 in a report published on Wednesday morning,Benzinga reports. TD Cowen currently has a buy rating on the stock.

A number of other research analysts have also weighed in on the stock. Benchmark reissued a “buy” rating on shares of Strive in a research report on Monday, June 15th. HC Wainwright lifted their price objective on Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. B. Riley Financial boosted their price objective on 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 upgraded Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Finally, Weiss Ratings raised Strive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $27.60.

Strive Trading Down 5.0%

NASDAQ:ASST opened at $11.49 on Wednesday. Strive has a 12 month low of $7.02 and a 12 month high of $252.00. The firm has a market cap of $839.69 million, a price-to-earnings ratio of -1.34 and a beta of 13.22. 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 company’s 50 day moving average is $14.27 and its 200-day moving average is $13.42.

Strive (NASDAQ:ASST) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($5.19) earnings per share (EPS) for the quarter, missing the consensus estimate 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 the consensus estimate of $2.73 million. Equities analysts anticipate that Strive will post -4.11 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Engineers Gate Manager LP acquired a new position in shares of Strive during the second quarter valued at about $40,000. Two Sigma Investments LP acquired a new stake in Strive during the third quarter worth about $27,000. Tower Research Capital LLC TRC increased its stake in Strive by 180.4% during the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after acquiring an additional 7,057 shares during the period. Osaic Holdings Inc. acquired a new position in Strive in the 2nd quarter valued at approximately $41,000. Finally, Formidable Asset Management LLC acquired a new position in Strive in the 1st quarter valued at approximately $113,000. Institutional investors 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.