Strive (NASDAQ:ASST) Stock Price Up 12.8% – Still a Buy?

Strive, Inc. (NASDAQ:ASST)’s share price rose 12.8% on Monday . The stock traded as high as $18.12 and last traded at $17.96. Approximately 4,150,070 shares traded hands during trading, a decline of 4% from the average daily volume of 4,341,745 shares. The stock had previously closed at $15.92.

Wall Street Analyst Weigh In

ASST has been the topic of several research reports. HC Wainwright initiated coverage on Strive in a research report on Tuesday, April 21st. They set a “buy” rating and a $36.00 price objective on the stock. Zacks Research raised Strive to a “hold” rating in a research report on Wednesday, March 11th. B. Riley Financial reaffirmed a “buy” rating on shares of Strive in a research report on Wednesday, April 29th. TD Cowen assumed coverage on Strive in a research report on Friday, April 10th. They set a “buy” rating and a $26.00 price objective on the stock. Finally, Maxim Group dropped their price target on Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $23.50.

Strive Stock Performance

The firm has a market capitalization of $1.16 billion, a P/E ratio of -2.79 and a beta of 13.46. The firm has a 50-day moving average of $12.14 and a 200-day moving average of $15.88.

Strive (NASDAQ:ASST) last released its quarterly earnings data 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%. On average, research analysts forecast that Strive, Inc. will post 0.97 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Benjamin Pham bought 6,214 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was acquired at an average cost of $8.06 per share, for a total transaction of $50,084.84. Following the purchase, the chief financial officer owned 6,214 shares in the company, valued at approximately $50,084.84. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.71% of the company’s stock.

Institutional Investors Weigh In On Strive

Hedge funds have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP purchased a new stake in Strive during the 2nd quarter valued at $40,000. Two Sigma Investments LP purchased a new stake in Strive during the 3rd quarter valued at $27,000. Tower Research Capital LLC TRC raised its stake in Strive by 180.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after buying an additional 7,057 shares during the last quarter. Osaic Holdings Inc. purchased a new stake in Strive during the 2nd quarter valued at $41,000. Finally, Formidable Asset Management LLC purchased a new stake in Strive during the 1st quarter valued at $113,000. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

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.