Strive (NASDAQ:ASST) Given New $40.00 Price Target at HC Wainwright

by · The Markets Daily

Strive (NASDAQ:ASST – Get Free Report) had its target price dropped by HC Wainwright from $42.00 to $40.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the stock. HC Wainwright‘s price target would indicate a potential upside of 88.63% from the stock’s current price.

Other research analysts have also issued research reports about the company. B. Riley Financial lifted their price target on Strive from $26.00 to $33.00 and gave the stock a “buy” rating in a report on Tuesday, September 22nd. Weiss Ratings reissued a “sell (d-)” rating on shares of Strive in a report on Monday, October 12th. TD Cowen reissued a “buy” rating on shares of Strive in a report on Monday, September 21st. Maxim Group set a $37.00 price objective on shares of Strive and gave the stock a “buy” rating in a research report on Monday, October 12th. Finally, Benchmark reaffirmed a “buy” rating on shares of Strive in a research note on Thursday, August 20th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, Strive currently has an average rating of “Moderate Buy” and a consensus target price of $34.00.

Get Our Latest Analysis on Strive

Strive Price Performance

Strive stock traded up $0.62 during trading on Friday, reaching $21.21. 3,692,126 shares of the company were exchanged, compared to its average volume of 5,605,727. The stock’s 50 day simple moving average is $26.93 and its two-hundred day simple moving average is $16.51. The company has a market capitalization of $1.81 billion, a P/E ratio of -2.39 and a beta of 13.32. Strive has a 52-week low of $7.02 and a 52-week high of $34.40.

Strive (NASDAQ:ASST – Get Free Report) last issued its earnings results on Friday, November 6th. The company reported $5.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.07 by $2.39. Strive had a negative return on equity of 141.47% and a negative net margin of 10,957.22%. As a group, equities analysts forecast that Strive will post 1.17 earnings per share for the current year.

Insider Buying and Selling

In other Strive news, insider Brian Beirne sold 20,077 shares of Strive stock in a transaction on Monday, October 5th. The stock was sold at an average price of $31.33, for a total value of $629,012.41. Following the sale, the insider owned 41,425 shares in the company, valued at $1,297,845.25. The trade was a 32.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Matthew Cole sold 58,789 shares of the company’s stock in a transaction on Monday, October 5th. The shares were sold at an average price of $31.33, for a total value of $1,841,859.37. Following the completion of the transaction, the chief executive officer directly owned 844,795 shares in the company, valued at approximately $26,467,427.35. This trade represents a 6.51% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 101,409 shares of company stock valued at $3,166,897 in the last ninety days. Company insiders own 2.71% of the company’s stock.

Institutional Trading of Strive

A number of hedge funds and other institutional investors have recently modified their holdings of the business. State Street Corp purchased a new stake in Strive in the 2nd quarter valued at about $16,395,000. The Manufacturers Life Insurance Company acquired a new position in Strive in the second quarter valued at about $179,000. Squarepoint Ops LLC purchased a new position in Strive during the second quarter worth about $1,394,000. Allworth Financial LP purchased a new position in Strive during the second quarter worth about $66,000. Finally, Corient Private Wealth LP purchased a new position in Strive during the second quarter worth about $448,000. 5.52% of the stock is owned by institutional investors and hedge funds.

About Strive

(Get Free Report)

Strive, Inc is an asset management and financial services company focused on providing investment products and strategies designed to prioritize long-term shareholder value. The company offers exchange-traded funds, separately managed accounts and other investment solutions for individuals and institutions.

Strive’s investment approach emphasizes corporate governance, energy security, domestic economic growth and what it describes as shareholder-focused capitalism. Its products are intended to give investors exposure to selected sectors, industries and broader investment themes through professionally managed portfolios.

The company was founded in 2022 by Vivek Ramaswamy.

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