Strive, Inc. (NASDAQ:ASST) Stock Has Consensus Target Price of $33.20

Shares of Strive, Inc. (NASDAQ:ASST) have been given a consensus rating of “Moderate Buy” by the seven brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $33.20.

A number of research analysts have recently issued reports on ASST shares. TD Cowen reiterated a “buy” rating on shares of Strive in a report on Monday, September 21st. B. Riley Financial lifted their price target on Strive from $26.00 to $33.00 and gave the company a “buy” rating in a research note on Tuesday, September 22nd. HC Wainwright decreased their price objective on Strive from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of Strive in a research note on Monday, October 12th. Finally, Benchmark restated a “buy” rating on shares of Strive in a report on Thursday, August 20th.

Insiders Place Their Bets

In other Strive news, Director James Lavish sold 6,000 shares of the company’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $30.75, for a total value of $184,500.00. Following the completion of the sale, the director directly owned 8,815 shares of the company’s stock, valued at approximately $271,061.25. This represents a 40.50% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Matthew Cole sold 58,789 shares of Strive stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $31.33, for a total transaction of $1,841,859.37. Following the transaction, the chief executive officer directly owned 844,795 shares in the company, valued at approximately $26,467,427.35. This represents a 6.51% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 101,409 shares of company stock worth $3,166,897 in the last three months. 2.71% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Strive

Several institutional investors have recently modified their holdings of the business. State Street Corp purchased a new stake in shares of Strive during the second quarter valued at approximately $16,395,000. The Manufacturers Life Insurance Company purchased a new position in Strive in the second quarter worth $179,000. Squarepoint Ops LLC purchased a new position in Strive in the second quarter worth $1,394,000. Allworth Financial LP bought a new position in Strive in the 2nd quarter valued at $66,000. Finally, Corient Private Wealth LP bought a new position in Strive in the 2nd quarter valued at $448,000. 5.52% of the stock is owned by institutional investors.

Strive Trading Down 9.1%

NASDAQ ASST opened at $26.32 on Tuesday. The company has a market cap of $2.25 billion, a P/E ratio of -2.98 and a beta of 13.26. The company has a fifty day simple moving average of $25.67 and a 200 day simple moving average of $16.34. Strive has a 12-month low of $7.02 and a 12-month high of $36.20.

Strive (NASDAQ:ASST) last released its quarterly earnings data on Monday, August 10th. The company reported ($3.65) earnings per share for the quarter, missing the consensus estimate of ($0.95) by ($2.70). Strive had a negative return on equity of 141.47% and a negative net margin of 10,957.22%. The business had revenue of $2.94 million for the quarter, compared to analyst estimates of $3.02 million. Sell-side analysts predict that Strive will post 1.17 EPS for the current year.

Key Headlines Impacting Strive

Here are the key news stories impacting Strive this week:

• Positive Sentiment: Strive purchased approximately 6,182 Bitcoin for about $511 million, increasing its holdings to roughly 43,000 BTC. The move could increase exposure to Bitcoin appreciation and supports management’s strategy of using Bitcoin as a key capital-allocation benchmark. Strive Buys 6,182 Bitcoin For $511 Million
• Positive Sentiment: The company launched an at-the-market program allowing it to sell up to $1 billion of 15% Series A Perpetual SATS Preferred Stock. Proceeds may fund additional Bitcoin purchases, income-producing assets, acquisitions, capital expenditures, dividends, debt repayment, or repurchases of common and preferred shares, giving Strive substantial funding flexibility. Strive Announces $1.0 Billion SATS At-The-Market Program
• Neutral Sentiment: Reported short interest was listed at zero shares, implying a 0.0-day short-interest ratio based on average volume. That reading may reflect incomplete or anomalous data rather than a meaningful change in bearish positioning.
• Negative Sentiment: The preferred-stock program carries a substantial 15% dividend obligation. If fully utilized, the financing could materially increase fixed costs and pressure future cash flows, while new securities may dilute or reduce the relative value of existing shareholders’ interests.
• Negative Sentiment: Strive’s expanded Bitcoin exposure increases sensitivity to cryptocurrency volatility. Investors must also weigh execution, regulatory, integration, and capital-allocation risks, particularly given the company’s previously reported quarterly EPS loss well below analysts’ expectations.

Strive Company Profile

Strive, Inc is an asset management and financial services company focused on providing investment products and strategies designed to prioritize long-term shareholder value. The company offers exchange-traded funds, separately managed accounts and other investment solutions for individuals and institutions.

Strive’s investment approach emphasizes corporate governance, energy security, domestic economic growth and what it describes as shareholder-focused capitalism. Its products are intended to give investors exposure to selected sectors, industries and broader investment themes through professionally managed portfolios.

The company was founded in 2022 by Vivek Ramaswamy.