Strive (NASDAQ:ASST) Shares Gap Up – Still a Buy?

Strive, Inc. (NASDAQ:ASST) shares gapped up before the market opened on Monday . The stock had previously closed at $21.74, but opened at $22.54. Strive shares last traded at $22.2210, with a volume of 2,579,238 shares.

Analyst Upgrades and Downgrades

ASST has been the subject of a number of research reports. Benchmark reiterated a “buy” rating on shares of Strive in a research report on Thursday, August 20th. HC Wainwright reduced their price objective on Strive from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. TD Cowen decreased their target price on Strive from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Weiss Ratings upgraded Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Finally, B. Riley Financial lifted their price target on Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Strive presently has an average rating of “Moderate Buy” and a consensus price target of $27.20.

Strive Stock Down 0.9%

The firm has a market cap of $2.05 billion, a price-to-earnings ratio of -2.71 and a beta of 13.34. The firm has a fifty day moving average price of $13.88 and a 200-day moving average price of $13.19.

Strive (NASDAQ:ASST) last released its earnings results on Monday, August 10th. The company reported ($3.65) EPS for the quarter, missing the consensus estimate of ($0.95) by ($2.70). The business had revenue of $2.94 million during the quarter, compared to analyst estimates of $3.02 million. Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. Equities research analysts anticipate that Strive, Inc. will post -9.4 earnings per share for the current fiscal 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 purchased 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 in the company, valued at approximately $199,386. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.71% of the company’s stock.

Institutional Trading of Strive

Institutional investors have recently modified their holdings of the company. Alyeska Investment Group L.P. purchased a new position in shares of Strive in the 3rd quarter valued at $84,375,000. Woodline Partners LP purchased a new position in Strive in the third quarter valued at about $31,481,000. Geode Capital Management LLC lifted its stake in shares of Strive by 939.6% during the fourth quarter. Geode Capital Management LLC now owns 6,755,081 shares of the company’s stock worth $4,988,000 after purchasing an additional 6,105,295 shares in the last quarter. Alpine Fox Capital LLC purchased a new stake in shares of Strive in the fourth quarter worth about $2,325,000. Finally, State Street Corp boosted its position in shares of Strive by 3,418.4% in the fourth quarter. State Street Corp now owns 2,702,859 shares of the company’s stock worth $1,995,000 after buying an additional 2,626,039 shares during the period. Hedge funds and other institutional investors 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.