Strive (NASDAQ:ASST) Trading 11.8% Higher – Time to Buy?

Strive, Inc. (NASDAQ:ASST)’s stock price traded up 11.8% during trading on Monday . The stock traded as high as $17.04 and last traded at $16.9330. 2,240,649 shares were traded during mid-day trading, a decline of 50% from the average session volume of 4,453,292 shares. The stock had previously closed at $15.15.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. HC Wainwright raised their price objective on Strive from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, May 15th. B. Riley Financial raised their price objective on Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Benchmark reaffirmed a “buy” rating on shares of Strive in a research report on Monday. TD Cowen reaffirmed a “buy” rating and set a $30.00 target price (up from $28.00) on shares of Strive in a research report on Monday, May 18th. Finally, Zacks Research raised Strive to a “hold” rating in a research report on Wednesday, March 11th. Five equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Strive Stock Performance

The company has a fifty day moving average of $15.06 and a two-hundred day moving average of $14.53. The stock has a market capitalization of $1.25 billion, a P/E ratio of -1.99 and a beta of 13.09. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.44 and a quick ratio of 11.44.

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, equities analysts anticipate that Strive, Inc. will post -4.11 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Sanctuary Advisors LLC bought a new position in Strive during the 4th quarter worth approximately $25,000. Valtinson Bruner Financial Planning LLC bought a new position in Strive during the 4th quarter worth approximately $25,000. Institute for Wealth Management LLC. bought a new position in Strive during the 4th quarter worth approximately $26,000. Verdence Capital Advisors LLC bought a new position in Strive during the 4th quarter worth approximately $26,000. Finally, Pinnacle Associates Ltd. bought a new position in Strive during the 4th quarter worth approximately $26,000. Institutional investors 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.