Strive, Inc. (NASDAQ:ASST) Stock Has Average Price Target of $29.80

by · The Markets Daily

Strive, Inc. (NASDAQ:ASST – Get Free Report) has been given a consensus rating of “Moderate Buy” by the seven brokerages that are covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $29.80.

Several brokerages have issued reports on ASST. TD Cowen restated a “buy” rating on shares of Strive in a research report on Monday, September 21st. Benchmark restated a “buy” rating on shares of Strive in a report on Thursday, August 20th. Weiss Ratings raised Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. B. Riley Financial increased their target price on Strive from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Tuesday, September 22nd. Finally, HC Wainwright lowered 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, August 11th.

Get Our Latest Stock Report on Strive

Insider Buying and Selling

In related news, Director Pierre Rochard purchased 15,900 shares of the firm’s stock in a transaction dated Friday, August 14th. The stock was purchased at an average price of $12.54 per share, with a total value of $199,386.00. Following the completion of the purchase, the director owned 15,900 shares of the company’s stock, valued at approximately $199,386. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 2.71% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Strive

Several institutional investors have recently made changes to their positions in the company. State Street Corp bought a new stake in shares of Strive in the second quarter valued at about $16,395,000. The Manufacturers Life Insurance Company purchased a new stake in Strive in the second quarter worth about $179,000. Squarepoint Ops LLC bought a new position in Strive during the 2nd quarter worth about $1,394,000. Allworth Financial LP bought a new position in Strive during the 2nd quarter worth about $66,000. Finally, Corient Private Wealth LP purchased a new position in Strive during the 2nd quarter valued at about $448,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

Trending Headlines about Strive

Here are the key news stories impacting Strive this week:

  • Positive Sentiment: Bitcoin rally boosts treasury value: Strive shares are moving higher alongside Bitcoin, which was reported near $86,309 after gaining 2.81% over 24 hours. The rally is particularly relevant because Strive holds an approximately $1.8 billion Bitcoin treasury, increasing the potential value of its digital-asset holdings. Strive Stock Rises as Bitcoin’s Rally Lifts Its $1.8 Billion Treasury
  • Positive Sentiment: Higher consensus price target: Analysts reportedly increased Strive’s consensus target by 12.93% to $33.86, implying additional upside from the stock’s recent trading range. Strive consensus price target increased by 12.93% to $33.86
  • Positive Sentiment: Unusual call-option activity: Investors purchased 50,286 call options, about 48% above the average daily call volume. The activity signals increased bullish speculation, though options positioning can also contribute to elevated volatility.
  • Neutral Sentiment: Short-squeeze interest: Strive was cited among stocks with potential for a large short squeeze. This may attract momentum traders, but it does not represent a change in the company’s fundamentals. 10 Stocks With Massive Short Squeeze Potential
  • Negative Sentiment: Shares may look technically stretched: Despite a reported 74% rebound, commentary warns that the recent advance may have outpaced underlying fundamentals, raising the risk of profit-taking. Strive Stock Looks Stretched Despite Its 74% Rebound
  • Negative Sentiment: Mixed valuation signals: Another analyst compilation places Strive’s average target at $29.80, below its recent trading level, suggesting some analysts view the stock as fully valued or vulnerable to a pullback. Strive Average Target Price of $29.80

Strive Price Performance

ASST stock opened at $30.03 on Friday. Strive has a twelve month low of $7.02 and a twelve month high of $54.80. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of -3.40 and a beta of 13.26. The firm’s fifty day simple moving average is $21.30 and its two-hundred day simple moving average is $16.39.

Strive (NASDAQ:ASST – Get Free Report) last released its earnings results on Monday, August 10th. The company reported ($3.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.95) by ($2.70). The firm had revenue of $2.94 million during the quarter, compared to the consensus estimate of $3.02 million. Strive had a negative return on equity of 141.47% and a negative net margin of 10,957.22%. As a group, equities research analysts expect that Strive will post 1.17 EPS for the current year.

Strive Company Profile

(Get Free Report)

Strive, Inc is a financial services company operating under the Strive brand. Its business is focused on providing investment management and related financial products, with an emphasis on long-term capital preservation, shareholder rights and policies intended to promote value creation for investors.

The company’s activities include asset management and the development of investment vehicles designed to give clients exposure to selected investment strategies and markets. Strive has also pursued a Bitcoin-focused treasury strategy, making digital assets an important part of its corporate and investment positioning.

Strive’s current public-company structure resulted from the combination of Strive Enterprises and Asset Entities Inc, a social media and digital marketing company whose Nasdaq-listed shares traded under the symbol ASST.

Further Reading