Strive (NASDAQ:ASST) Stock Price Up 8.2% – Here’s What Happened

Strive, Inc. (NASDAQ:ASST) was up 8.2% on Monday . The company traded as high as $12.61 and last traded at $12.43. Approximately 676,653 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 4,349,913 shares. The stock had previously closed at $11.49.

Wall Street Analysts Forecast Growth

ASST has been the subject of a number of analyst reports. B. Riley Financial raised their price target on shares of Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. HC Wainwright upped their price objective on Strive from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Wall Street Zen raised Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. TD Cowen cut their target price on Strive from $32.00 to $28.00 and set a “buy” rating for the company in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $27.60.

Strive Stock Down 1.7%

The company has a market cap of $875.50 million, a P/E ratio of -1.39 and a beta of 13.22. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.44 and a quick ratio of 11.44. The business’s 50 day moving average price is $14.11 and its 200-day moving average price is $13.25.

Strive (NASDAQ:ASST) last released 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). Strive had a negative return on equity of 139.10% and a negative net margin of 9,655.92%.The business had revenue of $2.76 million for the quarter, compared to the consensus estimate of $2.73 million. On average, analysts anticipate that Strive, Inc. will post -4.11 earnings per share for the current fiscal year.

Institutional Trading of Strive

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new position in Strive during the 4th quarter worth about $25,000. Valtinson Bruner Financial Planning LLC bought a new stake in Strive during the 4th quarter worth about $25,000. Verdence Capital Advisors LLC acquired a new stake in Strive in the 4th quarter valued at about $26,000. Institute for Wealth Management LLC. bought a new position in shares of Strive in the fourth quarter worth about $26,000. Finally, Pinnacle Associates Ltd. bought a new position in shares of Strive in the fourth quarter worth about $26,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.

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.