Strive, Inc. (NASDAQ:ASST) Receives $28.40 Consensus Target Price from Analysts

Shares of Strive, Inc. (NASDAQ:ASST) have been given an average recommendation of “Moderate Buy” by the eight analysts that are covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $28.40.

A number of equities analysts recently weighed in on ASST shares. TD Cowen dropped their price target on Strive from $32.00 to $28.00 and set a “buy” rating on the stock in a research note on Wednesday, July 22nd. HC Wainwright lowered their price target on shares of Strive from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. Benchmark restated a “buy” rating on shares of Strive in a report on Thursday, August 20th. Weiss Ratings upgraded shares of Strive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Finally, B Riley reissued a “buy” rating on shares of Strive in a research report on Thursday, September 3rd.

Strive Stock Performance

Shares of NASDAQ ASST opened at $27.62 on Monday. Strive has a twelve month low of $7.02 and a twelve month high of $190.36. The firm has a 50-day moving average of $16.24 and a two-hundred day moving average of $14.24. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of -3.12 and a beta of 13.36.

Strive (NASDAQ:ASST) last released its earnings results on Monday, August 10th. The company reported ($3.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.95) by ($2.70). The business 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, research analysts predict that Strive will post 1.17 earnings per share for the current year.

Insider Buying and Selling at Strive

In related news, Director Pierre Rochard bought 15,900 shares of Strive stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average cost of $12.54 per share, for a total transaction of $199,386.00. Following the acquisition, the director owned 15,900 shares in the company, valued at $199,386. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.71% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC lifted its position in shares of Strive by 362.6% during the 2nd quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock worth $561,000 after purchasing an additional 117,249 shares during the last quarter. Creative Planning acquired a new position in shares of Strive in the 2nd quarter valued at $79,000. XTX Topco Ltd bought a new position in Strive during the second quarter worth about $126,000. Engineers Gate Manager LP bought a new position in shares of Strive during the 2nd quarter worth approximately $40,000. Finally, Tower Research Capital LLC TRC raised its stake in Strive by 180.4% during the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock worth $41,000 after acquiring an additional 7,057 shares in the last quarter. Institutional investors and hedge funds own 5.52% of the company’s stock.

About Strive

Strive, Inc, formerly known as Asset Entities, Inc, is a bitcoin-focused financial company whose common stock trades on the Nasdaq under the symbol ASST. The company’s primary objective is to build and manage a bitcoin treasury while pursuing strategies intended to increase bitcoin exposure for its shareholders.

Strive’s activities include acquiring bitcoin, accessing capital markets and developing financial strategies related to digital assets. The company is led by Chief Executive Officer Matt Cole and was founded by entrepreneur and investor Vivek Ramaswamy.