Strive (NASDAQ:ASST) Shares Gap Up - Should You Buy?

Key Points

• Strive shares opened higher, rising from a prior close of $21.74 to $22.54 before last trading near $22.22 on substantial volume.
• Analysts maintain a generally positive view, with five Buy ratings, one Hold and one Sell; the consensus is “Moderate Buy” with an average price target of $27.20.
• The company’s fundamentals remain highly risky: Strive reported a quarterly loss of $3.65 per share versus an expected loss of $0.95, negative profitability metrics and a projected full-year loss of $9.40 per share.

Strive, Inc. (NASDAQ:ASST - Get Free Report)'s share price gapped up prior to trading on Monday . The stock had previously closed at $21.74, but opened at $22.54. Strive shares last traded at $22.2210, with a volume of 2,579,238 shares.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. TD Cowen lowered their target price on Strive from $32.00 to $28.00 and set a "buy" rating for the company in a research report on Wednesday, July 22nd. Weiss Ratings raised Strive from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, July 14th. Benchmark reiterated a "buy" rating on shares of Strive in a report on Thursday, August 20th. Wall Street Zen raised shares of Strive from a "strong sell" rating to a "sell" rating in a research report on Saturday, May 16th. Finally, B. Riley Financial raised 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. 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's stock. According to MarketBeat.com, Strive has an average rating of "Moderate Buy" and an average target price of $27.20.

Strive Stock Performance

The business has a 50 day moving average price of $13.49 and a 200-day moving average price of $12.97. The company has a market capitalization of $1.98 billion, a price-to-earnings ratio of -2.63 and a beta of 13.21.

Strive (NASDAQ:ASST - Get Free Report) last released its earnings results on Monday, August 10th. The company reported ($3.65) EPS for the quarter, missing the consensus estimate 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, equities analysts predict that Strive, Inc. will post -9.4 EPS for the current fiscal year.

Insider Buying and Selling at Strive

In related news, Director Pierre Rochard acquired 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 purchase, the director directly owned 15,900 shares of the company's stock, valued at $199,386. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.71% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Strive

Large investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC acquired a new position in shares of Strive during the fourth quarter valued at about $25,000. Valtinson Bruner Financial Planning LLC bought a new position in shares of Strive during the 4th quarter worth about $25,000. Pinnacle Associates Ltd. acquired a new stake in shares of Strive in the 4th quarter valued at about $26,000. Two Sigma Investments LP acquired a new stake in shares of Strive in the 3rd quarter valued at about $27,000. Finally, Verition Fund Management LLC bought a new stake in Strive in the 3rd quarter valued at about $28,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.

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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