Strive (NASDAQ:ASST) Shares Gap Down – What’s Next?

Strive, Inc. (NASDAQ:ASST) gapped down prior to trading on Tuesday . The stock had previously closed at $11.62, but opened at $11.14. Strive shares last traded at $10.9790, with a volume of 707,424 shares changing hands.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on ASST shares. TD Cowen restated a “buy” rating and set a $30.00 price target (up from $28.00) on shares of Strive in a research report on Monday, May 18th. HC Wainwright increased their price target on Strive from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, May 15th. B. Riley Financial lifted their price target on Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Weiss Ratings reiterated a “sell (e+)” rating on shares of Strive in a research report on Tuesday. Finally, Zacks Research raised Strive to a “hold” rating in a report on Wednesday, March 11th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Strive Stock Up 10.2%

The company has a quick ratio of 11.44, a current ratio of 11.44 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $878.42 million, a PE ratio of -1.40 and a beta of 13.22. The business’s 50-day moving average price is $15.54 and its 200-day moving average price is $13.87.

Strive (NASDAQ:ASST) last posted its quarterly earnings results on Thursday, May 14th. The company reported ($5.19) EPS for the quarter, missing the consensus estimate of ($2.70) by ($2.49). The company had revenue of $2.76 million for the quarter, compared to analysts’ expectations of $2.73 million. Strive had a negative net margin of 9,655.92% and a negative return on equity of 139.10%. As a group, equities research analysts predict that Strive, Inc. will post -4.11 EPS for the current fiscal year.

Institutional Investors Weigh In On Strive

Institutional investors and hedge funds have recently modified their holdings of the business. Sanctuary Advisors LLC acquired a new stake in Strive in the 4th quarter worth approximately $25,000. Valtinson Bruner Financial Planning LLC acquired a new position in Strive in the 4th quarter valued at approximately $25,000. Verdence Capital Advisors LLC bought a new position in Strive in the fourth quarter worth $26,000. Institute for Wealth Management LLC. bought a new position in shares of Strive during the 4th quarter worth about $26,000. Finally, Pinnacle Associates Ltd. bought a new position in Strive during the fourth quarter worth about $26,000. Institutional investors and hedge funds 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.