B. Riley Financial Boosts Strive (NASDAQ:ASST) Price Target to $20.00

by · The Cerbat Gem

Strive (NASDAQ:ASST – Get Free Report) had its target price hoisted by stock analysts at B. Riley Financial from $19.00 to $20.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. B. Riley Financial’s price objective suggests a potential upside of 20.99% from the stock’s current price.

Several other equities research analysts have also issued reports on ASST. Zacks Research upgraded shares of Strive to a “hold” rating in a research note on Wednesday, March 11th. TD Cowen initiated coverage on shares of Strive in a research note on Friday, April 10th. They issued a “buy” rating and a $26.00 price target on the stock. HC Wainwright initiated coverage on shares of Strive in a research note on Tuesday, April 21st. They issued a “buy” rating and a $36.00 price target on the stock. Maxim Group lowered their price objective on shares of Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Finally, Wall Street Zen lowered shares of Strive from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $25.50.

Read Our Latest Research Report on ASST

Strive Stock Down 6.7%

Shares of NASDAQ:ASST traded down $1.18 during midday trading on Friday, reaching $16.53. 1,952,398 shares of the company were exchanged, compared to its average volume of 4,320,804. Strive has a fifty-two week low of $7.02 and a fifty-two week high of $268.40. The stock has a fifty day simple moving average of $12.33 and a two-hundred day simple moving average of $15.85. The firm has a market cap of $1.14 billion, a PE ratio of -2.75 and a beta of 13.46.

Strive (NASDAQ:ASST – Get Free Report) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($5.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.70) by ($2.49). Strive had a negative net margin of 7,335.00% and a negative return on equity of 122.88%. The business had revenue of $2.76 million during the quarter, compared to analyst estimates of $2.73 million. As a group, analysts forecast that Strive will post 0.97 earnings per share for the current year.

Insider Activity at Strive

In related news, CFO Benjamin Pham bought 6,214 shares of Strive stock in a transaction that occurred on Wednesday, February 18th. The stock was acquired at an average price 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 approximately $50,084.84. This represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 2.71% of the company’s stock.

Institutional Trading of Strive

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

About Strive

(Get Free Report)

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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