Strive (NASDAQ:ASST) Price Target Raised to $20.00 at B. Riley Financial

Strive (NASDAQ:ASST) had its price target upped by B. Riley Financial from $19.00 to $20.00 in a research report report published on Friday,Benzinga reports. B. Riley Financial currently has a buy rating on the stock.

Other equities research analysts have also recently issued research reports about the stock. HC Wainwright assumed coverage on shares of Strive in a research note on Tuesday, April 21st. They set a “buy” rating and a $36.00 target price on the stock. Zacks Research upgraded shares of Strive to a “hold” rating in a research note on Wednesday, March 11th. Maxim Group decreased their target price on shares of Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Wall Street Zen cut shares of Strive from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Finally, TD Cowen assumed coverage on shares of Strive in a research note on Friday, April 10th. They set a “buy” rating and a $26.00 target price on the stock. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $26.00.

Strive Trading Down 5.2%

NASDAQ ASST opened at $16.79 on Friday. Strive has a 12 month low of $7.02 and a 12 month high of $268.40. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of -2.80 and a beta of 13.46. The company’s 50 day moving average is $12.47 and its two-hundred day moving average is $15.86.

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 159.44% and a negative net margin of 8,228.65%.The firm had revenue of $2.76 million for the quarter, compared to the consensus estimate of $2.73 million. Sell-side analysts forecast that Strive will post 0.97 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Benjamin Pham bought 7,900 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The stock was bought at an average cost of $8.23 per share, with a total value of $65,017.00. Following the completion of the purchase, the chief financial officer owned 7,900 shares of the company’s stock, valued at approximately $65,017. The trade was a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 2.71% of the company’s stock.

Hedge Funds Weigh In On Strive

Several institutional investors have recently bought and sold shares of ASST. Geode Capital Management LLC grew its stake in Strive by 362.6% during the second quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock valued at $561,000 after acquiring an additional 117,249 shares in the last quarter. Creative Planning purchased a new position in Strive during the second quarter valued at $79,000. XTX Topco Ltd purchased a new position in Strive during the second quarter valued at $126,000. Engineers Gate Manager LP purchased a new position in Strive during the second quarter valued at $40,000. Finally, Tower Research Capital LLC TRC grew 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 valued at $41,000 after acquiring an additional 7,057 shares in the last quarter. 5.52% of the stock is owned by hedge funds and other institutional investors.

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.