Strive, Inc. (NASDAQ:ASST) Stock Has Consensus Price Target of $33.20

Shares of Strive, Inc. (NASDAQ:ASST) have been assigned an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and five have issued a buy rating on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $33.20.

ASST has been the subject of several analyst reports. B. Riley Financial lifted their price objective on Strive from $26.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, September 22nd. Benchmark reiterated a “buy” rating on shares of Strive in a research report on Thursday, August 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Strive in a report on Monday, October 12th. TD Cowen restated a “buy” rating on shares of Strive in a research report on Monday, September 21st. Finally, HC Wainwright dropped their price target on Strive from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th.

Strive Stock Performance

Shares of NASDAQ:ASST opened at $20.80 on Tuesday. The company’s 50 day moving average price is $26.90 and its two-hundred day moving average price is $16.48. Strive has a 12-month low of $7.02 and a 12-month high of $34.40.

Strive (NASDAQ:ASST) last released its quarterly earnings results on Monday, August 10th. The company reported ($3.65) earnings per share 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 analyst estimates of $3.02 million. Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. As a group, sell-side analysts forecast that Strive will post 1.17 EPS for the current year.

Insider Activity

In other Strive news, Director Jonathan R. Macey sold 6,700 shares of the firm’s stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $30.32, for a total value of $203,144.00. Following the transaction, the director directly owned 8,115 shares of the company’s stock, valued at $246,046.80. This trade represents a 45.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Brian Beirne sold 20,077 shares of the business’s stock in a transaction that occurred on Monday, October 5th. The shares were sold at an average price of $31.33, for a total transaction of $629,012.41. Following the completion of the transaction, the insider owned 41,425 shares of the company’s stock, valued at $1,297,845.25. The trade was a 32.64% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 101,409 shares of company stock valued at $3,166,897. Company insiders own 2.71% of the company’s stock.

Institutional Trading of Strive

Several large investors have recently made changes to their positions in ASST. State Street Corp bought a new stake in Strive during the second quarter worth $16,395,000. The Manufacturers Life Insurance Company acquired a new position in shares of Strive during the 2nd quarter worth $179,000. Squarepoint Ops LLC bought a new stake in shares of Strive during the 2nd quarter worth $1,394,000. Allworth Financial LP bought a new stake in shares of Strive during the 2nd quarter worth $66,000. Finally, Corient Private Wealth LP bought a new stake in shares of Strive during the 2nd quarter worth $448,000. Institutional investors and hedge funds own 5.52% of the company’s stock.

Strive Company Profile

Strive, Inc is an asset management and financial services company focused on providing investment products and strategies designed to prioritize long-term shareholder value. The company offers exchange-traded funds, separately managed accounts and other investment solutions for individuals and institutions.

Strive’s investment approach emphasizes corporate governance, energy security, domestic economic growth and what it describes as shareholder-focused capitalism. Its products are intended to give investors exposure to selected sectors, industries and broader investment themes through professionally managed portfolios.

The company was founded in 2022 by Vivek Ramaswamy.