Strive (NASDAQ:ASST) Stock Rating Upgraded by Benchmark

Strive (NASDAQ:ASST) was upgraded by Benchmark to a “strong-buy” rating in a research note issued to investors on Tuesday,Zacks.com reports.

Other equities research analysts have also issued reports about the company. Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. 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. Maxim Group dropped their target price on Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. TD Cowen reissued a “buy” rating and issued a $30.00 target price (up from $28.00) on shares of Strive in a report on Monday, May 18th. Finally, Zacks Research raised Strive to a “hold” rating in a report on Wednesday, March 11th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Strive Trading Down 8.6%

NASDAQ ASST opened at $14.74 on Tuesday. The company has a quick ratio of 11.44, a current ratio of 11.44 and a debt-to-equity ratio of 0.01. Strive has a twelve month low of $7.02 and a twelve month high of $252.00. The firm has a market capitalization of $1.08 billion, a PE ratio of -1.72 and a beta of 13.09. The stock’s 50 day moving average is $14.42 and its 200 day moving average is $14.85.

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

Institutional Investors Weigh In On Strive

Several hedge funds have recently added to or reduced their stakes in the stock. Formidable Asset Management LLC bought a new stake in Strive in the first quarter worth $113,000. J. Derek Lewis & Associates Inc. bought a new stake in Strive in the fourth quarter worth $71,000. Corient Private Wealth LLC bought a new stake in Strive in the fourth quarter worth $388,000. TRU Independence Asset Management 2 LLC bought a new stake in Strive in the fourth quarter worth $63,000. Finally, Kera Capital Partners Inc. bought a new stake in Strive in the fourth quarter worth $36,000. 5.52% of the stock is owned by institutional investors.

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.