Strive (NASDAQ:ASST) Sets New 52-Week Low – Time to Sell?

Shares of Strive, Inc. (NASDAQ:ASST) reached a new 52-week low on Monday . The stock traded as low as $7.30 and last traded at $7.36, with a volume of 3712274 shares trading hands. The stock had previously closed at $8.15.

Analyst Ratings Changes

Several research analysts have recently commented on ASST shares. Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Strive in a report on Monday, December 29th. Wall Street Zen upgraded Strive from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, Maxim Group set a $30.00 target price on Strive and gave the company a “buy” rating in a report on Wednesday, December 10th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Strive has an average rating of “Hold” and a consensus price target of $30.00.

Strive Price Performance

The firm’s fifty day moving average is $15.06 and its two-hundred day moving average is $40.88.

Insiders Place Their Bets

In other news, CFO Benjamin Pham purchased 7,900 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was purchased at an average cost of $8.23 per share, with a total value of $65,017.00. Following the purchase, the chief financial officer owned 7,900 shares in the company, valued at $65,017. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Matthew Ryan Cole bought 25,000 shares of the stock in a transaction that occurred on Tuesday, January 13th. The shares were purchased at an average cost of $18.40 per share, for a total transaction of $460,000.00. Following the completion of the acquisition, the chief executive officer owned 38,150 shares of the company’s stock, valued at $701,960. This trade represents a 190.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders have acquired 61,935 shares of company stock valued at $944,387. 2.84% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of ASST. Yorkville Advisors Global LP acquired a new stake in Strive in the 3rd quarter worth approximately $92,593,000. Anson Funds Management LP increased its position in shares of Strive by 4,028.5% during the third 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 stake in shares of Strive in the 3rd quarter valued at approximately $46,296,000. Finally, Woodline Partners LP bought a new stake in Strive in the third quarter valued at $31,481,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

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.