Strive (NASDAQ:ASST) Shares Up 8.2% – Here’s Why

Strive, Inc. (NASDAQ:ASST)’s stock price traded up 8.2% during mid-day trading on Monday . The stock traded as high as $12.61 and last traded at $12.43. 676,653 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 4,349,913 shares. The stock had previously closed at $11.49.

Wall Street Analysts Forecast Growth

ASST has been the subject of a number of recent research reports. B. Riley Financial boosted their price target on Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Benchmark reiterated a “buy” rating on shares of Strive in a research note on Monday, June 15th. Wall Street Zen raised shares of Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. HC Wainwright boosted their target price on shares of Strive from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Weiss Ratings raised shares of Strive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $27.60.

Strive Trading Up 5.5%

The stock has a 50 day moving average of $14.27 and a 200-day moving average of $13.37. The company has a market capitalization of $886.24 million, a P/E ratio of -1.42 and a beta of 13.22. The company has a current ratio of 11.44, a quick ratio of 11.44 and a debt-to-equity ratio of 0.01.

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

Institutional Trading of Strive

Several institutional investors and hedge funds have recently modified their holdings of ASST. Sanctuary Advisors LLC purchased a new position in shares of Strive during the 4th quarter valued at $25,000. Valtinson Bruner Financial Planning LLC purchased a new stake in Strive in the 4th quarter worth $25,000. Verdence Capital Advisors LLC purchased a new stake in Strive in the 4th quarter worth $26,000. Institute for Wealth Management LLC. bought a new stake in Strive during the fourth quarter valued at about $26,000. Finally, Pinnacle Associates Ltd. bought a new stake in Strive during the fourth quarter valued at about $26,000. 5.52% of the stock is currently owned by institutional investors.

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.