Strive (NASDAQ:ASST) Stock Price Up 6.8% – What’s Next?

Strive, Inc. (NASDAQ:ASST) shares traded up 6.8% during trading on Monday . The company traded as high as $10.53 and last traded at $10.4170. 777,069 shares traded hands during trading, a decline of 83% from the average session volume of 4,576,751 shares. The stock had previously closed at $9.75.

Wall Street Analysts Forecast Growth

Several analysts have commented on the company. B. Riley Financial assumed coverage on Strive in a report on Tuesday, March 10th. They issued a “buy” rating and a $12.00 price target for the company. Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. Zacks Research raised shares of Strive to a “hold” rating in a report on Wednesday, March 11th. Wall Street Zen lowered Strive from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. Finally, Maxim Group lowered their price target on Strive from $30.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, one has assigned 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 company has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Strive Stock Up 3.3%

The stock’s 50-day moving average is $10.16 and its 200 day moving average is $20.92. The stock has a market capitalization of $696.58 million, a PE ratio of -1.68 and a beta of 15.29.

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 return on equity of 122.88% and a negative net margin of 7,335.00%.

Insiders Place Their Bets

In related news, CFO Benjamin Pham purchased 6,214 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were purchased at an average price of $8.06 per share, with a total value of $50,084.84. Following the completion of the purchase, the chief financial officer owned 6,214 shares in the company, valued at $50,084.84. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew Ryan Cole purchased 25,000 shares of the company’s stock in a transaction on Tuesday, January 13th. The stock was purchased at an average cost of $18.40 per share, for a total transaction of $460,000.00. Following the purchase, the chief executive officer directly owned 38,150 shares in the company, valued at approximately $701,960. This trade represents a 190.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Insiders have acquired a total of 39,114 shares of company stock valued at $575,102 in the last ninety days. Company insiders own 2.71% of the company’s stock.

Institutional Investors Weigh In On Strive

Several large investors have recently made changes to their positions in the stock. Yorkville Advisors Global LP acquired a new position in Strive in the 3rd quarter valued at about $92,593,000. Anson Funds Management LP raised its position in shares of Strive by 4,028.5% in the 3rd quarter. Anson Funds Management LP now owns 35,250,000 shares of the company’s stock valued at $88,125,000 after buying an additional 36,147,300 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in Strive during the third quarter worth $84,375,000. MMCAP International Inc. SPC acquired a new stake in Strive in the third quarter valued at about $46,296,000. Finally, Woodline Partners LP bought a new stake in shares of Strive during the 3rd quarter valued at approximately $31,481,000. 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.