Strive (NASDAQ:ASST) Stock Price Up 6.6% – Time to Buy?

Shares of Strive, Inc. (NASDAQ:ASST) shot up 6.6% during mid-day trading on Monday . The stock traded as high as $19.50 and last traded at $19.4280. 2,537,588 shares changed hands during trading, a decline of 41% from the average daily volume of 4,316,985 shares. The stock had previously closed at $18.22.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on ASST shares. HC Wainwright reduced their target price on Strive from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Weiss Ratings raised Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Benchmark reiterated a “buy” rating on shares of Strive in a research note on Thursday. TD Cowen decreased their price objective on Strive from $32.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Finally, Wall Street Zen raised Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $27.20.

Strive Price Performance

The business’s 50 day simple moving average is $12.89 and its 200 day simple moving average is $12.62. The company has a market capitalization of $1.69 billion, a price-to-earnings ratio of -2.25 and a beta of 13.20.

Strive (NASDAQ:ASST) last announced 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 return on equity of 141.47% and a negative net margin of 10,957.22%.The business had revenue of $2.94 million for the quarter, compared to analyst estimates of $3.02 million. As a group, analysts expect that Strive, Inc. will post -9.4 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Pierre Rochard acquired 15,900 shares of Strive stock in a transaction on Friday, August 14th. The stock was purchased at an average cost of $12.54 per share, with a total value of $199,386.00. Following the purchase, the director directly owned 15,900 shares in the company, valued at approximately $199,386. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 2.71% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of ASST. California State Teachers Retirement System purchased a new stake in shares of Strive during the second quarter worth approximately $87,000. Ameritas Advisory Services LLC purchased a new position in Strive in the 2nd quarter valued at $516,000. AXQ Capital LP purchased a new position in Strive in the 2nd quarter valued at $110,000. Formidable Asset Management LLC acquired a new position in Strive in the 1st quarter valued at $113,000. Finally, J. Derek Lewis & Associates Inc. acquired a new position in Strive in the 4th quarter valued at $71,000. Institutional investors and hedge funds own 5.52% of the company’s stock.

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.