Strive (NASDAQ:ASST) Stock Price Down 6.8% – Time to Sell?

Strive, Inc. (NASDAQ:ASST) shares traded down 6.8% on Thursday . The company traded as low as $14.35 and last traded at $14.3930. 3,513,452 shares changed hands during mid-day trading, a decline of 22% from the average daily volume of 4,497,789 shares. The stock had previously closed at $15.44.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ASST. B. Riley Financial upped their price objective on shares of Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 15th. HC Wainwright boosted their price target on shares of Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. 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. Maxim Group cut their price target on shares of Strive from $30.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. Finally, Wall Street Zen raised Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Five research 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 MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $28.00.

Strive Stock Down 7.1%

The company has a market capitalization of $1.05 billion, a P/E ratio of -1.67 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. The company has a 50 day moving average of $15.43 and a 200-day moving average of $14.39.

Strive (NASDAQ:ASST) last released its quarterly 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 net margin of 9,655.92% and a negative return on equity of 139.10%. The business had revenue of $2.76 million for the quarter, compared to the consensus estimate of $2.73 million. As a group, equities analysts anticipate that Strive, Inc. will post -4.11 EPS for the current year.

Institutional Trading of Strive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in ASST. Sanctuary Advisors LLC bought a new position in Strive in the 4th quarter worth $25,000. Valtinson Bruner Financial Planning LLC bought a new position in Strive in the fourth quarter worth about $25,000. Institute for Wealth Management LLC. purchased a new stake in Strive in the fourth quarter worth about $26,000. Verdence Capital Advisors LLC purchased a new stake in Strive in the fourth quarter worth about $26,000. Finally, Pinnacle Associates Ltd. bought a new stake in Strive during the 4th quarter valued at approximately $26,000. Hedge funds and other 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.