Peapack Gladstone Financial Corp Invests $85,000 in Strive, Inc. $ASST

Peapack Gladstone Financial Corp acquired a new stake in Strive, Inc. (NASDAQ:ASST) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 115,600 shares of the company’s stock, valued at approximately $85,000. Peapack Gladstone Financial Corp owned approximately 0.19% of Strive at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC boosted its holdings in Strive by 939.6% in the fourth quarter. Geode Capital Management LLC now owns 6,755,081 shares of the company’s stock valued at $4,988,000 after purchasing an additional 6,105,295 shares during the period. Valtinson Bruner Financial Planning LLC acquired a new stake in Strive in the 4th quarter valued at about $25,000. Larson Financial Group LLC acquired a new stake in Strive in the 4th quarter valued at about $32,000. HighTower Advisors LLC raised its position in Strive by 266.9% in the 4th quarter. HighTower Advisors LLC now owns 126,581 shares of the company’s stock valued at $93,000 after purchasing an additional 92,081 shares in the last quarter. Finally, Atlas Wealth LLC acquired a new stake in Strive in the 4th quarter valued at about $97,000. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on ASST shares. Zacks Research raised Strive to a “hold” rating in a research report on Wednesday, March 11th. B. Riley Financial increased their price target on Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 15th. TD Cowen reaffirmed 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. HC Wainwright increased their price target on Strive from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Benchmark started coverage on Strive in a research report on Tuesday. They issued a “buy” rating and a $32.00 price target on the stock. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Strive has a consensus rating of “Moderate Buy” and an average target price of $28.00.

Strive Price Performance

Shares of NASDAQ ASST opened at $15.02 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 11.44 and a current ratio of 11.44. Strive, Inc. has a fifty-two week low of $7.02 and a fifty-two week high of $252.00. The firm has a market capitalization of $1.10 billion, a PE ratio of -1.75 and a beta of 13.09. The stock’s 50-day simple moving average is $14.53 and its 200-day simple moving average is $14.80.

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