Strive, Inc. (NASDAQ:ASST) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Analysts give Strive a “Moderate Buy” consensus: Six of eight analysts rate the stock a buy, while one rates it a hold and one a sell. The average 12-month price target is $28.40.
• Recent insider and institutional activity has been positive: Director Pierre Rochard bought 15,900 shares for approximately $199,000, while several institutions initiated positions. Insiders own 2.71% of the company, and institutions own 5.52%.
• Strive reported significantly weaker-than-expected quarterly results: The company posted a loss of $3.65 per share versus the $0.95 consensus estimate and revenue of $2.94 million, slightly below expectations. Analysts forecast a full-year loss of $8.72 per share.

Strive, Inc. (NASDAQ:ASST - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the eight brokerages that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $28.40.

ASST has been the subject of several recent research reports. TD Cowen lowered their price objective on Strive from $32.00 to $28.00 and set a "buy" rating for the company in a research report on Wednesday, July 22nd. Wall Street Zen upgraded shares of Strive from a "strong sell" rating to a "sell" rating in a research note on Saturday, May 16th. Benchmark reissued a "buy" rating on shares of Strive in a research note on Thursday, August 20th. Weiss Ratings raised shares of Strive from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, July 14th. Finally, B. Riley Financial lifted their target price on shares of Strive from $16.00 to $26.00 and gave the company a "buy" rating in a report on Thursday.

Insider Buying and Selling

In related news, Director Pierre Rochard purchased 15,900 shares of Strive stock in a transaction dated Friday, August 14th. The stock was purchased at an average cost 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 of the company's stock, valued at $199,386. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Company insiders own 2.71% of the company's stock.

Institutional Trading of Strive

Several institutional investors have recently bought and sold shares of ASST. Corient Private Wealth LP bought a new stake in Strive during the 2nd quarter valued at about $448,000. California State Teachers Retirement System bought a new position in shares of Strive in the second quarter worth approximately $87,000. Ameritas Advisory Services LLC purchased a new stake in shares of Strive during the second quarter valued at approximately $516,000. AXQ Capital LP purchased a new stake in shares of Strive during the second quarter valued at approximately $110,000. Finally, Formidable Asset Management LLC bought a new stake in shares of Strive during the first quarter valued at approximately $113,000. 5.52% of the stock is owned by hedge funds and other institutional investors.

Strive Stock Performance

Strive stock opened at $27.14 on Monday. The firm has a 50-day moving average of $14.74 and a 200-day moving average of $13.57. The firm has a market cap of $2.32 billion, a P/E ratio of -3.07 and a beta of 13.36. Strive has a 1-year low of $7.02 and a 1-year high of $252.00.

Strive (NASDAQ:ASST - Get Free Report) last released its quarterly earnings results 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). The company had revenue of $2.94 million during the quarter, compared to the consensus estimate of $3.02 million. Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. Research analysts forecast that Strive will post -8.72 earnings per share for the current fiscal year.

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.

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