Strive (NASDAQ:ASST) Shares Up 7.6% – Time to Buy?

Strive, Inc. (NASDAQ:ASST)’s stock price rose 7.6% on Wednesday . The company traded as high as $11.70 and last traded at $11.7340. Approximately 718,387 shares changed hands during mid-day trading, a decline of 84% from the average daily volume of 4,539,293 shares. The stock had previously closed at $10.91.

Analyst Upgrades and Downgrades

ASST has been the subject of a number of research analyst reports. Maxim Group decreased their price objective on shares of Strive from $30.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 23rd. Zacks Research upgraded shares of Strive to a “hold” rating in a research note on Wednesday, March 11th. TD Cowen reissued 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. Benchmark restated a “buy” rating on shares of Strive in a research note on Monday, June 15th. Finally, B. Riley Financial lifted their price target on shares of Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Five 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 stock. According to data from MarketBeat.com, Strive presently has an average rating of “Moderate Buy” and an average price target of $28.00.

Strive Trading Up 11.3%

The firm has a fifty day moving average of $15.61 and a two-hundred day moving average of $13.92. The company has a market cap of $887.78 million, a PE ratio of -1.42 and a beta of 13.09. The company has a current ratio of 11.44, a quick ratio of 11.44 and a debt-to-equity ratio of 0.01.

Strive (NASDAQ:ASST) last released its quarterly earnings data on Thursday, May 14th. The company reported ($5.19) EPS for the quarter, missing the consensus estimate of ($2.70) by ($2.49). The business had revenue of $2.76 million for the quarter, compared to analysts’ expectations of $2.73 million. Strive had a negative net margin of 9,655.92% and a negative return on equity of 139.10%. As a group, sell-side analysts predict that Strive, Inc. will post -4.11 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the business. Geode Capital Management LLC grew its stake in Strive by 362.6% in the 2nd quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock valued at $561,000 after buying an additional 117,249 shares in the last quarter. Creative Planning purchased a new stake in shares of Strive during the second quarter worth $79,000. XTX Topco Ltd bought a new position in shares of Strive in the second quarter worth $126,000. Engineers Gate Manager LP bought a new position in shares of Strive in the second quarter worth $40,000. Finally, Tower Research Capital LLC TRC grew its position in shares of Strive by 180.4% in the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after purchasing an additional 7,057 shares in the last quarter. 5.52% of the stock is owned by 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.