Brokerages Set Strive, Inc. (NASDAQ:ASST) Price Target at $19.33
by Scott Moore · The Cerbat GemShares of Strive, Inc. (NASDAQ:ASST – Get Free Report) have been assigned an average recommendation of “Moderate Buy” from the five research firms that are covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation, one has given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $19.3333.
Several analysts recently commented on the stock. Zacks Research upgraded shares of Strive to a “hold” rating in a research report on Wednesday, March 11th. Wall Street Zen lowered shares of Strive from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. B. Riley Financial assumed coverage on shares of Strive in a research report on Tuesday, March 10th. They set a “buy” rating and a $12.00 price target on the stock. Maxim Group dropped their price target on shares of Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Finally, Weiss Ratings restated a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th.
Read Our Latest Research Report on Strive
Strive Price Performance
Shares of Strive stock opened at $13.98 on Friday. The stock has a market cap of $966.86 million, a PE ratio of -2.33 and a beta of 15.29. The firm has a fifty day moving average price of $9.59 and a 200 day moving average price of $18.03. Strive has a 1 year low of $7.02 and a 1 year high of $268.40.
Strive (NASDAQ:ASST – Get Free Report) last released its quarterly earnings results on Saturday, January 31st. The company reported ($4.73) EPS for the quarter. Strive had a negative net margin of 7,335.00% and a negative return on equity of 122.88%.
Insider Buying and Selling
In other news, CFO Benjamin Pham purchased 6,214 shares of the company’s stock in a transaction that occurred on Wednesday, February 18th. The shares were bought at an average price of $8.06 per share, for a total transaction of $50,084.84. Following the completion of the transaction, the chief financial officer owned 6,214 shares in the company, valued at $50,084.84. This represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. Corporate insiders own 2.71% of the company’s stock.
Institutional Trading of Strive
Institutional investors and hedge funds have recently modified their holdings of the stock. Hudson Bay Capital Management LP purchased a new stake in shares of Strive during the second quarter worth about $27,778,000. Yorkville Advisors Global LP purchased a new stake in shares of Strive during the third quarter worth about $92,593,000. Ghisallo Capital Management LLC purchased a new stake in shares of Strive during the third quarter worth about $27,778,000. Thompson Davis & CO. Inc. purchased a new stake in shares of Strive during the fourth quarter worth about $74,000. Finally, MMCAP International Inc. SPC purchased a new stake in shares of Strive during the third quarter worth about $46,296,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.
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.