Benchmark Upgrades Strive (NASDAQ:ASST) to Strong-Buy

Strive (NASDAQ:ASST) was upgraded by investment analysts at Benchmark to a “strong-buy” rating in a report released on Tuesday, Marketbeat.com reports. The firm currently has a $32.00 price objective on the stock. Benchmark’s price target indicates a potential upside of 117.10% from the stock’s current price.

A number of other equities analysts have also commented on ASST. TD Cowen restated a “buy” rating and issued a $30.00 price target (up from $28.00) on shares of Strive in a research report on Monday, May 18th. B. Riley Financial raised their price objective on shares of Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Maxim Group cut their target price on shares of Strive from $30.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Wall Street Zen raised Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Finally, Zacks Research upgraded Strive to a “hold” rating in a research report on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Strive Stock Performance

Shares of NASDAQ:ASST opened at $14.74 on Tuesday. 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 business’s fifty day moving average price is $14.42 and its two-hundred day moving average price is $14.85. Strive has a fifty-two week low of $7.02 and a fifty-two week high of $252.00. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of -1.72 and a beta of 13.09.

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

Hedge Funds Weigh In On Strive

Several large investors have recently bought and sold shares of the business. Yorkville Advisors Global LP acquired a new stake in Strive during the 3rd quarter worth $92,593,000. Anson Funds Management LP lifted its stake in shares of Strive by 4,028.5% in the 3rd quarter. Anson Funds Management LP now owns 35,250,000 shares of the company’s stock valued at $88,125,000 after purchasing an additional 36,147,300 shares during the period. Alyeska Investment Group L.P. acquired a new position in shares of Strive in the 3rd quarter valued at $84,375,000. MMCAP International Inc. SPC bought a new position in shares of Strive in the 3rd quarter worth $46,296,000. Finally, Woodline Partners LP acquired a new stake in shares of Strive during the third quarter worth $31,481,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.

Strive Company Profile

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.