Strive (NASDAQ:ASST) Shares Gap Up – Still a Buy?

Strive, Inc. (NASDAQ:ASST)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $14.73, but opened at $16.00. Strive shares last traded at $15.60, with a volume of 1,641,196 shares changing hands.

Analysts Set New Price Targets

Several equities analysts have issued reports 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. Benchmark reissued a “buy” rating on shares of Strive in a research report on Monday, June 15th. TD Cowen reduced their price objective on shares of Strive from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. B. Riley Financial raised their price target on Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Finally, Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $27.20.

Strive Price Performance

The stock has a market capitalization of $1.30 billion, a price-to-earnings ratio of -1.72 and a beta of 13.21. The company has a 50-day simple moving average of $12.80 and a two-hundred day simple moving average of $12.59.

Strive (NASDAQ:ASST) last announced its quarterly earnings data on Monday, August 10th. The company reported ($3.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.95) by ($2.70). Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. The company had revenue of $2.94 million for the quarter, compared to analyst estimates of $3.02 million. Research analysts anticipate that Strive, Inc. will post -9.4 EPS for the current year.

Insiders Place Their Bets

In related news, Director Pierre Rochard bought 15,900 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was purchased at an average price of $12.54 per share, with a total value of $199,386.00. Following the completion of the transaction, the director directly owned 15,900 shares of the company’s stock, valued at $199,386. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.71% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Strive

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC bought a new stake in shares of Strive in the 4th quarter worth approximately $25,000. Valtinson Bruner Financial Planning LLC bought a new position in shares of Strive in the 4th quarter valued at about $25,000. Pinnacle Associates Ltd. bought a new stake in shares of Strive during the 4th quarter valued at $26,000. Verdence Capital Advisors LLC bought a new position in Strive during the fourth quarter worth about $26,000. Finally, Institute for Wealth Management LLC. bought a new position in Strive during the 4th quarter worth approximately $26,000. Institutional investors own 5.52% of the company’s stock.

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.