TRU Independence Asset Management 2 LLC Makes New Investment in Strive, Inc. $ASST

TRU Independence Asset Management 2 LLC acquired a new stake in Strive, Inc. (NASDAQ:ASST) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 85,000 shares of the company’s stock, valued at approximately $63,000. TRU Independence Asset Management 2 LLC owned approximately 0.14% of Strive at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of the stock. Geode Capital Management LLC lifted its position in shares of Strive by 362.6% during the second quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock worth $561,000 after purchasing an additional 117,249 shares in the last quarter. Creative Planning acquired a new stake in shares of Strive in the second quarter valued at approximately $79,000. XTX Topco Ltd bought a new position in Strive in the 2nd quarter worth approximately $126,000. Engineers Gate Manager LP bought a new position in Strive in the 2nd quarter worth approximately $40,000. Finally, Tower Research Capital LLC TRC lifted its holdings in Strive by 180.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock worth $41,000 after buying an additional 7,057 shares in the last quarter. 5.52% of the stock is owned by institutional investors.

Analyst Ratings Changes

ASST has been the topic of a number of recent research reports. Zacks Research upgraded Strive to a “hold” rating in a research report on Wednesday, March 11th. Maxim Group cut their price target on Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. TD Cowen reiterated a “buy” rating and issued a $30.00 price target (up from $28.00) on shares of Strive in a report on Monday, May 18th. HC Wainwright lifted their price objective on Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Finally, Benchmark reissued a “buy” rating on shares of Strive in a report on Monday. Five equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Strive Trading Down 3.8%

NASDAQ ASST opened at $14.85 on Friday. Strive, Inc. has a 12 month low of $7.02 and a 12 month high of $252.00. The stock has a 50-day simple moving average of $15.54 and a 200 day simple moving average of $14.33. The company has a current ratio of 11.44, a quick ratio of 11.44 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.09 billion, a PE ratio of -1.73 and a beta of 13.09.

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

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.