Strive, Inc. (NASDAQ:ASST) Given Consensus Recommendation of “Moderate Buy” by Analysts

Strive, Inc. (NASDAQ:ASST) has received a consensus rating of “Moderate Buy” from the seven analysts that are covering the company, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have issued a buy recommendation on the company. The average 12 month target price among brokerages that have covered the stock in the last year is $27.20.

Several equities analysts recently commented on ASST shares. Weiss Ratings upgraded Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Wall Street Zen upgraded shares of Strive from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. B. Riley Financial increased their price target on shares of Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 15th. TD Cowen lowered their price objective on shares of Strive from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Finally, Benchmark reissued a “buy” rating on shares of Strive in a research note on Monday, June 15th.

Insider Transactions at Strive

In other Strive news, Director Pierre Rochard purchased 15,900 shares of Strive stock in a transaction on Friday, August 14th. The shares were acquired at an average cost of $12.54 per share, for a total transaction of $199,386.00. Following the completion of the transaction, the director directly owned 15,900 shares of the company’s stock, valued at approximately $199,386. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 2.71% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Strive

A number of institutional investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its stake in shares of 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 buying an additional 7,057 shares during the last quarter. Engineers Gate Manager LP bought a new stake in Strive in the second quarter valued at approximately $40,000. Two Sigma Investments LP bought a new stake in Strive in the third quarter valued at approximately $27,000. Osaic Holdings Inc. bought a new position in shares of Strive in the second quarter worth approximately $41,000. Finally, Formidable Asset Management LLC purchased a new stake in Strive during the 1st quarter valued at $113,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

Strive Price Performance

Shares of ASST stock opened at $14.73 on Thursday. The stock has a market capitalization of $1.26 billion, a price-to-earnings ratio of -1.67 and a beta of 13.21. The company’s fifty day simple moving average is $12.80 and its two-hundred day simple moving average is $12.59. Strive has a 1 year low of $7.02 and a 1 year high of $252.00.

Strive (NASDAQ:ASST) last issued its quarterly earnings data on Monday, August 10th. The company reported ($3.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.94 million for the quarter, compared to analysts’ expectations of $3.02 million. Equities research analysts anticipate that Strive will post -9.4 EPS for the current year.

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.