Strive (NASDAQ:ASST) Director Buys $199,386.00 in Stock

Strive, Inc. (NASDAQ:ASST) Director Pierre Rochard purchased 15,900 shares of Strive stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average price of $12.54 per share, with a total value of $199,386.00. Following the completion of the transaction, the director owned 15,900 shares of the company’s stock, valued at $199,386. This represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.

Strive Trading Up 9.5%

Strive stock opened at $16.13 on Friday. Strive, Inc. has a 12 month low of $7.02 and a 12 month high of $252.00. The stock’s 50 day simple moving average is $12.83 and its two-hundred day simple moving average is $12.59. The firm has a market cap of $1.38 billion, a PE ratio of -1.82 and a beta of 13.21.

Strive (NASDAQ:ASST) last posted its earnings results on Monday, August 10th. The company reported ($3.65) earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $2.94 million for the quarter, compared to analysts’ expectations of $3.02 million. On average, equities research analysts forecast that Strive, Inc. will post -9.4 EPS for the current year.

Institutional Investors Weigh In On Strive

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Institute for Wealth Management LLC. acquired a new stake in shares of Strive during the 4th quarter worth about $26,000. TRU Independence Asset Management 2 LLC acquired a new position in Strive in the fourth quarter valued at about $63,000. Atlas Wealth LLC purchased a new position in Strive during the fourth quarter worth about $97,000. Pinnacle Associates Ltd. purchased a new position in Strive during the fourth quarter worth about $26,000. Finally, Larson Financial Group LLC acquired a new stake in shares of Strive during the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 5.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ASST. Wall Street Zen raised shares of Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings upgraded Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. B. Riley Financial lifted their price target on Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 15th. TD Cowen reduced their price target on Strive from $32.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Finally, HC Wainwright cut their price objective on Strive from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $27.20.

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.