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

Key Points

• Strive has a “Moderate Buy” consensus rating from seven analysts: five buys, one hold and one sell. The average 12-month price target is $27.20, although several analysts recently lowered their targets.
• ASST opened at $12.39, with a market capitalization of approximately $905.5 million and highly volatile trading history, ranging from $7.02 to $252.00 over the past year.
• The company reported a quarterly loss of $3.65 per share, substantially worse than the expected $0.95 loss, while revenue of $2.94 million fell slightly short of forecasts. Institutional investors have recently increased exposure, but hedge funds and other institutions own only 5.52% of shares.

Shares of Strive, Inc. (NASDAQ:ASST - Get Free Report) have earned a consensus rating of "Moderate Buy" from the seven ratings firms that are covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $27.20.

Several research analysts recently issued reports on ASST shares. B. Riley Financial increased their price target on shares of Strive from $19.00 to $20.00 and gave the stock a "buy" rating in a research note on Friday, May 15th. Wall Street Zen upgraded shares of Strive from a "strong sell" rating to a "sell" rating in a report on Saturday, May 16th. HC Wainwright decreased their target price on shares of Strive from $37.00 to $36.00 and set a "buy" rating for the company in a research note on Tuesday. TD Cowen lowered their target price on shares of Strive from $32.00 to $28.00 and set a "buy" rating for the company in a report on Wednesday, July 22nd. Finally, Weiss Ratings raised Strive from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, July 14th.

Strive Price Performance

Shares of ASST stock opened at $12.39 on Thursday. The stock has a market cap of $905.50 million, a price-to-earnings ratio of -1.44 and a beta of 13.21. The business's fifty day moving average is $12.94 and its 200 day moving average is $12.70. Strive has a twelve month low of $7.02 and a twelve month 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 announced its quarterly earnings data 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 net margin of 9,530.52% and a negative return on equity of 140.01%. The firm had revenue of $2.94 million for the quarter, compared to analysts' expectations of $3.02 million. Research analysts expect that Strive will post -4.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in ASST. Alyeska Investment Group L.P. bought a new stake in Strive in the third quarter worth $84,375,000. Woodline Partners LP bought a new position in shares of Strive during the third quarter valued at $31,481,000. Geode Capital Management LLC increased its holdings in shares of Strive by 939.6% during the fourth quarter. Geode Capital Management LLC now owns 6,755,081 shares of the company's stock valued at $4,988,000 after acquiring an additional 6,105,295 shares in the last quarter. Alpine Fox Capital LLC purchased a new position in shares of Strive in the 4th quarter worth about $2,325,000. Finally, State Street Corp raised its position in shares of Strive by 3,418.4% in the 4th quarter. State Street Corp now owns 2,702,859 shares of the company's stock worth $1,995,000 after purchasing an additional 2,626,039 shares during the last quarter. Hedge funds and other 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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