Strive, Inc. (NASDAQ:ASST) Stock Now Rated "Moderate Buy" by Sell-Side Analysts

Key Points

• Analysts rate Strive “Moderate Buy”: Five of seven analysts recommend buying the stock, with one hold and one sell rating. The average 12-month price target is $33.20.
• Strive purchased approximately 6,182 Bitcoin for $511 million, bringing its holdings to about 43,000 BTC. It also launched a $1 billion preferred-stock offering that could fund further Bitcoin purchases, but the 15% dividend obligation may increase fixed costs and pressure cash flow.
• The company remains highly volatile and financially challenged: shares have a beta of 13.26, while its latest quarterly loss of $3.65 per share significantly exceeded analysts’ expected loss of $0.95.

Shares of Strive, Inc. (NASDAQ:ASST - Get Free Report) have received an average recommendation of "Moderate Buy" from the seven analysts that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $33.20.

ASST has been the subject of several analyst reports. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Strive in a research report on Monday, October 12th. TD Cowen reiterated a "buy" rating on shares of Strive in a research report on Monday, September 21st. HC Wainwright decreased their price target on Strive from $37.00 to $36.00 and set a "buy" rating for the company in a research note on Tuesday, August 11th. B. Riley Financial increased 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. Finally, Benchmark restated a "buy" rating on shares of Strive in a research report on Thursday, August 20th.

Strive News Roundup

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.

Insider Activity

In other news, insider Brian Beirne sold 20,077 shares of the business's stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $31.33, for a total value of $629,012.41. Following the transaction, the insider owned 41,425 shares in the company, valued at approximately $1,297,845.25. The trade was a 32.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Matthew Cole sold 58,789 shares of the company's stock in a transaction on Monday, October 5th. The shares were sold at an average price of $31.33, for a total transaction of $1,841,859.37. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 101,409 shares of company stock worth $3,166,897. 2.71% of the stock is owned by insiders.

Institutional Trading of Strive

Hedge funds have recently modified their holdings of the stock. State Street Corp acquired a new stake in Strive in the second quarter worth $16,395,000. The Manufacturers Life Insurance Company bought a new stake in Strive in the second quarter valued at $179,000. Squarepoint Ops LLC acquired a new position in shares of Strive during the second quarter valued at about $1,394,000. Allworth Financial LP bought a new position in shares of Strive during the 2nd quarter worth about $66,000. Finally, Corient Private Wealth LP bought a new stake in Strive in the 2nd quarter valued at about $448,000. Institutional investors own 5.52% of the company's stock.

Strive Stock Performance

ASST stock opened at $26.32 on Tuesday. The company has a fifty day moving average price of $25.67 and a 200-day moving average price of $16.34. The company has a market capitalization of $2.25 billion, a P/E ratio of -2.98 and a beta of 13.26. Strive has a 52-week low of $7.02 and a 52-week high of $36.20.

Strive (NASDAQ:ASST - Get Free Report) last issued its quarterly earnings results 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 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. As a group, sell-side analysts forecast that Strive will post 1.17 earnings per share for the current fiscal year.

About Strive

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.

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