Strive (NASDAQ:ASST) Shares Up 11.8% – Time to Buy?

Strive, Inc. (NASDAQ:ASST) shot up 11.8% during trading on Monday . The company traded as high as $17.04 and last traded at $16.9330. 2,240,649 shares traded hands during trading, a decline of 50% from the average session volume of 4,453,292 shares. The stock had previously closed at $15.15.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ASST. Maxim Group reduced their price target on shares of Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. TD Cowen reiterated a “buy” rating and set a $30.00 price target (up from $28.00) on shares of Strive in a research report on Monday, May 18th. B. Riley Financial increased their price target on shares of Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 15th. HC Wainwright increased their price objective on Strive from $36.00 to $38.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Finally, Zacks Research raised Strive to a “hold” rating in a research note on Wednesday, March 11th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Strive presently has an average rating of “Moderate Buy” and an average target price of $28.00.

Strive Stock Performance

The stock has a market cap of $1.13 billion, a PE ratio of -1.80 and a beta of 13.09. 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 has a 50 day moving average price of $15.43 and a two-hundred day moving average price of $14.39.

Strive (NASDAQ:ASST) last released its quarterly earnings data on Thursday, May 14th. The company reported ($5.19) earnings per share 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 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, equities research analysts forecast that Strive, Inc. will post -4.11 EPS for the current fiscal year.

Institutional Trading of Strive

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC lifted its stake in Strive by 180.4% in the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock worth $41,000 after acquiring an additional 7,057 shares during the period. Engineers Gate Manager LP purchased a new stake in Strive in the second quarter worth $40,000. Two Sigma Investments LP purchased a new stake in Strive in the third quarter worth $27,000. Osaic Holdings Inc. purchased a new stake in Strive in the second quarter worth $41,000. Finally, Formidable Asset Management LLC purchased a new stake in Strive in the first quarter worth $113,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

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.