Strive (NASDAQ:ASST) Sees Unusually-High Trading Volume – Time to Buy?

Shares of Strive, Inc. (NASDAQ:ASST) saw unusually-strong trading volume on Thursday . 3,846,339 shares changed hands during trading, a decline of 18% from the previous session’s volume of 4,706,793 shares.The stock last traded at $25.78 and had previously closed at $24.32.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. B Riley reiterated a “buy” rating on shares of Strive in a research note on Thursday. Weiss Ratings upgraded Strive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Benchmark reissued a “buy” rating on shares of Strive in a research note on Thursday, August 20th. B. Riley Financial upped their target price on Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, HC Wainwright lowered their price target on shares of Strive from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.20.

Strive Stock Up 9.2%

The firm has a market cap of $2.27 billion, a PE ratio of -3.01 and a beta of 13.34. The stock has a 50 day moving average price of $14.12 and a two-hundred day moving average price of $13.30.

Strive (NASDAQ:ASST) last released its earnings results on Monday, August 10th. The company reported ($3.65) EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $2.94 million during the quarter, compared to analyst estimates of $3.02 million. As a group, equities analysts anticipate that Strive, Inc. will post -9.4 earnings per share for the current year.

Insider Transactions at Strive

In other news, Director Pierre Rochard purchased 15,900 shares of the stock in a transaction on Friday, August 14th. The stock was bought at an average price of $12.54 per share, with a total value of $199,386.00. Following the transaction, the director owned 15,900 shares in the company, valued at $199,386. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.71% of the stock is owned by company insiders.

Institutional Trading of Strive

Several large investors have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new stake in shares of Strive in the fourth quarter worth $25,000. Valtinson Bruner Financial Planning LLC purchased a new position in shares of Strive during the 4th quarter valued at about $25,000. Pinnacle Associates Ltd. acquired a new stake in Strive during the fourth quarter worth about $26,000. Two Sigma Investments LP acquired a new stake in Strive during the third quarter worth about $27,000. Finally, Verition Fund Management LLC purchased a new position in Strive during the third quarter valued at approximately $28,000. 5.52% of the stock is owned by hedge funds and other institutional investors.

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.