Strive, Inc. (NASDAQ:ASST) Given Consensus Rating of "Moderate Buy" by Brokerages

Key Points

• Consensus rating: Six brokerages give Strive (NASDAQ:ASST) an average rating of “Moderate Buy” (1 sell, 1 hold, 3 buy, 1 strong buy) with an average 1-year price target of $23.50.
• Financials & volatility: ASST trades around $16.35 with a 52-week range of $7.02–$268.40, a $1.13B market cap and extreme volatility (beta 13.46); last quarter EPS was ($4.73) with wildly negative margins and ROE, though analysts project 0.97 EPS for the current fiscal year.
• Insider & institutional activity: CFO Benjamin Pham purchased 6,214 shares at $8.06 recently, insiders own 2.71% of the stock and institutional ownership is about 5.52% with several funds increasing positions.

Shares of Strive, Inc. (NASDAQ:ASST - Get Free Report) have received an average rating of "Moderate Buy" from the six research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $23.50.

ASST has been the topic of several recent research reports. B. Riley Financial reissued a "buy" rating on shares of Strive in a report on Wednesday, April 29th. Zacks Research raised Strive to a "hold" rating in a report on Wednesday, March 11th. HC Wainwright initiated coverage on Strive in a report on Tuesday, April 21st. They set a "buy" rating and a $36.00 price objective on the stock. Wall Street Zen downgraded Strive from a "hold" rating to a "sell" rating in a report on Saturday, March 21st. Finally, TD Cowen initiated coverage on Strive in a report on Friday, April 10th. They set a "buy" rating and a $26.00 price objective on the stock.

Strive Stock Performance

Shares of ASST opened at $16.35 on Tuesday. Strive has a 52-week low of $7.02 and a 52-week high of $268.40. The business's fifty day moving average is $10.94 and its 200-day moving average is $15.91. The firm has a market cap of $1.13 billion, a price-to-earnings ratio of -2.73 and a beta of 13.46.

Strive (NASDAQ:ASST - Get Free Report) last issued its quarterly earnings results on Saturday, January 31st. The company reported ($4.73) earnings per share (EPS) for the quarter. Strive had a negative net margin of 7,335.00% and a negative return on equity of 122.88%. As a group, research analysts forecast that Strive will post 0.97 EPS for the current fiscal year.

Insider Buying and Selling at Strive

In related news, CFO Benjamin Pham bought 6,214 shares of the business's stock in a transaction on Wednesday, February 18th. The shares were purchased at an average cost of $8.06 per share, with a total value of $50,084.84. Following the acquisition, the chief financial officer owned 6,214 shares of the company's stock, valued at $50,084.84. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.71% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ASST. Geode Capital Management LLC lifted its holdings in Strive by 362.6% during the 2nd quarter. Geode Capital Management LLC now owns 149,585 shares of the company's stock worth $561,000 after buying an additional 117,249 shares during the period. Creative Planning acquired a new position in Strive during the 2nd quarter worth about $79,000. XTX Topco Ltd acquired a new position in Strive during the 2nd quarter worth about $126,000. Engineers Gate Manager LP acquired a new position in Strive during the 2nd quarter worth about $40,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Strive by 180.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company's stock worth $41,000 after buying an additional 7,057 shares during the period. 5.52% of the stock is 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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