Strive, Inc. (NASDAQ:ASST) Stock Has Consensus Price Target of $33.20 According to Brokerages

by · The Markets Daily

Strive, Inc. (NASDAQ:ASST – Get Free Report) has received an average recommendation of “Moderate Buy” from the seven research firms that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and five have given a buy rating to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $33.20.

ASST has been the topic of several analyst reports. HC Wainwright dropped their price target on shares of Strive from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Maxim Group set a $37.00 price objective on Strive and gave the stock a “buy” rating in a research note on Monday, October 12th. Benchmark restated a “buy” rating on shares of Strive in a research note on Thursday, August 20th. TD Cowen reaffirmed a “buy” rating on shares of Strive in a report on Monday, September 21st. Finally, B. Riley Financial lifted their target price on Strive from $26.00 to $33.00 and gave the company a “buy” rating in a research report on Tuesday, September 22nd.

Read Our Latest Stock Analysis on Strive

Strive Trading Down 10.9%

ASST opened at $22.19 on Tuesday. The company’s 50 day moving average is $26.84 and its 200 day moving average is $16.47. The company has a market cap of $1.90 billion, a price-to-earnings ratio of -2.51 and a beta of 13.26. Strive has a 12-month low of $7.02 and a 12-month high of $34.40.

Strive (NASDAQ:ASST – Get Free Report) last announced its earnings results on Monday, August 10th. The company reported ($3.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.95) by ($2.70). Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. The business had revenue of $2.94 million for the quarter, compared to analysts’ expectations of $3.02 million. As a group, analysts predict that Strive will post 1.17 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director James Lavish sold 6,000 shares of Strive stock in a transaction dated Monday, October 5th. The stock was sold at an average price of $30.75, for a total transaction of $184,500.00. Following the transaction, the director directly owned 8,815 shares of the company’s stock, valued at $271,061.25. The trade was a 40.50% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Brian Beirne sold 20,077 shares of Strive stock in a transaction dated Monday, October 5th. The shares were sold at an average price of $31.33, for a total value of $629,012.41. Following the transaction, the insider directly owned 41,425 shares in the company, valued at approximately $1,297,845.25. The trade was a 32.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 101,409 shares of company stock valued at $3,166,897. 2.71% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Allworth Financial LP bought a new stake in Strive during the 2nd quarter worth approximately $66,000. AXQ Capital LP purchased a new position in Strive during the second quarter valued at approximately $110,000. Formidable Asset Management LLC bought a new position in shares of Strive in the first quarter worth approximately $113,000. The Manufacturers Life Insurance Company bought a new position in shares of Strive in the second quarter worth approximately $179,000. Finally, Corient Private Wealth LP bought a new position in shares of Strive in the second quarter worth approximately $448,000. 5.52% of the stock is currently owned by institutional investors.

Strive Company Profile

(Get Free Report)

Strive, Inc is an asset management and financial services company focused on providing investment products and strategies designed to prioritize long-term shareholder value. The company offers exchange-traded funds, separately managed accounts and other investment solutions for individuals and institutions.

Strive’s investment approach emphasizes corporate governance, energy security, domestic economic growth and what it describes as shareholder-focused capitalism. Its products are intended to give investors exposure to selected sectors, industries and broader investment themes through professionally managed portfolios.

The company was founded in 2022 by Vivek Ramaswamy.

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