100,642 Shares in Strive, Inc. $ASST Purchased by Thompson Davis & CO. Inc.

Thompson Davis & CO. Inc. bought a new stake in shares of Strive, Inc. (NASDAQ:ASST) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 100,642 shares of the company’s stock, valued at approximately $74,000.

A number of other large investors also recently added to or reduced their stakes in the business. Two Sigma Investments LP purchased a new stake in Strive during the 3rd quarter valued at approximately $27,000. Verition Fund Management LLC purchased a new position in shares of Strive in the third quarter worth $28,000. Dynamic Advisor Solutions LLC purchased a new position in shares of Strive in the fourth quarter worth $31,000. Gruss & Co. LLC bought a new position in shares of Strive during the third quarter worth $38,000. Finally, Engineers Gate Manager LP bought a new position in shares of Strive during the second quarter worth $40,000. 5.52% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on ASST. Zacks Research upgraded shares of Strive to a “hold” rating in a report on Wednesday, March 11th. Weiss Ratings reissued a “sell (e-)” rating on shares of Strive in a report on Monday, December 29th. Maxim Group cut their price objective on Strive from $30.00 to $20.00 and set a “buy” rating for the company in a research report on Monday. B. Riley Financial initiated coverage on Strive in a report on Tuesday, March 10th. They issued a “buy” rating and a $12.00 target price on the stock. Finally, Wall Street Zen downgraded Strive from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Strive presently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Insider Activity at Strive

In related news, CFO Benjamin Pham acquired 6,214 shares of the stock in a transaction dated Wednesday, February 18th. The stock was acquired at an average cost of $8.06 per share, with a total value of $50,084.84. Following the purchase, the chief financial officer directly owned 6,214 shares of the company’s stock, valued at approximately $50,084.84. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Matthew Ryan Cole bought 25,000 shares of the company’s stock in a transaction dated Tuesday, January 13th. The stock was bought at an average price of $18.40 per share, with a total value of $460,000.00. Following the acquisition, the chief executive officer owned 38,150 shares in the company, valued at approximately $701,960. This trade represents a 190.11% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired 39,114 shares of company stock worth $575,102 over the last three months. 2.71% of the stock is currently owned by insiders.

Strive Stock Up 9.3%

Shares of NASDAQ:ASST opened at $10.85 on Thursday. The firm has a fifty day simple moving average of $11.32 and a two-hundred day simple moving average of $27.49. Strive, Inc. has a 52 week low of $7.02 and a 52 week high of $268.40. The stock has a market capitalization of $724.56 million, a P/E ratio of -1.81 and a beta of 17.08.

Strive (NASDAQ:ASST) last announced its earnings results on Saturday, January 31st. The company reported ($4.73) earnings per share (EPS) for the quarter. Strive had a negative net margin of 7,335.00% and a negative return on equity of 122.88%.

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.