Strive (NASDAQ:ASST) Price Target Raised to $26.00

Strive (NASDAQ:ASST) had its price objective raised by B. Riley Financial from $16.00 to $26.00 in a report issued on Thursday morning,Benzinga reports. The firm currently has a buy rating on the stock.

Several other research firms also recently weighed in on ASST. Benchmark restated a “buy” rating on shares of Strive in a report on Thursday, August 20th. TD Cowen reduced their price objective on shares of Strive from $32.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. HC Wainwright decreased their target price on shares of Strive from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Weiss Ratings raised shares of Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Finally, B Riley restated a “buy” rating on shares of Strive in a report on Thursday. Six equities research 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. According to data from MarketBeat.com, Strive presently has an average rating of “Moderate Buy” and an average target price of $28.40.

Strive Stock Up 1.2%

NASDAQ ASST opened at $27.14 on Thursday. The company has a market cap of $2.32 billion, a price-to-earnings ratio of -3.07 and a beta of 13.36. Strive has a 52 week low of $7.02 and a 52 week high of $252.00. The business has a 50 day moving average price of $14.74 and a 200-day moving average price of $13.53.

Strive (NASDAQ:ASST) last issued its earnings results on Monday, August 10th. The company reported ($3.65) earnings per share 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 firm had revenue of $2.94 million for the quarter, compared to analyst estimates of $3.02 million. On average, equities research analysts anticipate that Strive will post -8.72 earnings per share for the current year.

Insider Activity

In other news, Director Pierre Rochard bought 15,900 shares of the stock in a transaction dated Friday, August 14th. The stock was bought at an average price of $12.54 per share, for a total transaction of $199,386.00. Following the completion of the acquisition, the director directly owned 15,900 shares in the company, valued at approximately $199,386. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.71% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASST. Sanctuary Advisors LLC purchased a new stake in Strive in the 4th quarter valued at about $25,000. Valtinson Bruner Financial Planning LLC bought a new position in Strive in the 4th quarter valued at $25,000. Pinnacle Associates Ltd. bought a new position in Strive in the 4th quarter valued at $26,000. Two Sigma Investments LP purchased a new stake in shares of Strive during the 3rd quarter valued at $27,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Strive during the 3rd quarter valued at $28,000. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

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.