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

Key Points

• Strive, Inc. (NASDAQ: ASST) has a consensus analyst rating of “Moderate Buy” from seven brokerages, with five buy ratings, one hold, and one sell. The average 12-month price target is $28.00.
• Recent analyst actions were mixed but generally positive: several firms maintained or raised buy ratings, while Maxim Group cut its target from $30 to $20 and Wall Street Zen upgraded the stock from strong sell to sell.
• The company recently reported a wider-than-expected quarterly loss of ($5.19) per share, though revenue of $2.76 million slightly beat estimates. Despite the weak earnings, the stock traded up 1.8% and institutional ownership stands at 5.52%.

Strive, Inc. (NASDAQ:ASST - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the seven brokerages that are presently covering the stock, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and five have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $28.00.

ASST has been the subject of several recent research reports. Maxim Group decreased their price objective on Strive from $30.00 to $20.00 and set a "buy" rating for the company in a report on Monday, March 23rd. B. Riley Financial raised their target price on shares of Strive from $19.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, May 15th. TD Cowen restated a "buy" rating and issued a $30.00 price target (up from $28.00) on shares of Strive in a report on Monday, May 18th. HC Wainwright upped their price target on shares of Strive from $36.00 to $38.00 and gave the stock a "buy" rating in a research report on Friday, May 15th. Finally, Wall Street Zen upgraded shares of Strive from a "strong sell" rating to a "sell" rating in a research note on Saturday, May 16th.

Strive Trading Up 1.8%

ASST opened at $11.86 on Friday. The stock's fifty day moving average is $14.76 and its two-hundred day moving average is $13.53. The company has a market capitalization of $866.73 million, a P/E ratio of -1.38 and a beta of 13.22. Strive has a 52 week low of $7.02 and a 52 week high of $252.00. The company has a quick ratio of 11.44, a current ratio of 11.44 and a debt-to-equity ratio of 0.01.

Strive (NASDAQ:ASST - Get Free Report) last issued its earnings results on Thursday, May 14th. The company reported ($5.19) earnings per share for the quarter, missing the consensus estimate of ($2.70) by ($2.49). Strive had a negative return on equity of 139.10% and a negative net margin of 9,655.92%.The firm had revenue of $2.76 million during the quarter, compared to analysts' expectations of $2.73 million. Analysts forecast that Strive will post -4.11 earnings per share for the current year.

Institutional Trading of Strive

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new position in shares of Strive in the 4th quarter valued at $25,000. Valtinson Bruner Financial Planning LLC purchased a new stake in shares of Strive during the 4th quarter worth $25,000. Pinnacle Associates Ltd. bought a new stake in Strive during the fourth quarter valued at about $26,000. Verdence Capital Advisors LLC bought a new stake in Strive during the fourth quarter valued at about $26,000. Finally, Institute for Wealth Management LLC. purchased a new position in Strive in the fourth quarter valued at about $26,000. Institutional investors own 5.52% of the company's stock.

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.

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