Strive (NASDAQ:ASST) Trading Up 4.6% – Should You Buy?

Shares of Strive, Inc. (NASDAQ:ASST) traded up 4.6% during mid-day trading on Wednesday . The company traded as high as $0.7612 and last traded at $0.7660. 15,106,824 shares were traded during trading, a decline of 57% from the average session volume of 35,234,363 shares. The stock had previously closed at $0.7320.

Analysts Set New Price Targets

ASST has been the subject of several research analyst reports. Maxim Group set a $1.50 price objective on Strive and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Wall Street Zen raised shares of Strive from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, Weiss Ratings reissued a “sell (e-)” rating on shares of Strive in a report on Monday. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $1.50.

Strive Stock Performance

The firm has a market cap of $622.21 million, a price-to-earnings ratio of -2.54 and a beta of 16.72. The business’s 50-day moving average is $1.07 and its 200-day moving average is $3.14.

Strive (NASDAQ:ASST) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.22) earnings per share for the quarter. The business had revenue of $1.54 million for the quarter.

Insider Activity at Strive

In related news, CEO Matthew Ryan Cole purchased 248,999 shares of Strive stock in a transaction that occurred on Monday, December 15th. The shares were acquired at an average price of $0.80 per share, for a total transaction of $199,199.20. Following the transaction, the chief executive officer directly owned 366,709 shares in the company, valued at approximately $293,367.20. This represents a 211.54% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 56.47% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Strive during the 2nd quarter worth approximately $39,000. Engineers Gate Manager LP bought a new position in Strive in the second quarter valued at approximately $40,000. Two Sigma Investments LP bought a new position in Strive in the third quarter valued at approximately $27,000. Ground Swell Capital LLC acquired a new stake in Strive during the 2nd quarter worth $40,000. Finally, Tower Research Capital LLC TRC raised its position in shares of Strive by 180.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after acquiring an additional 7,057 shares during the last quarter. 5.52% of the stock is currently owned by institutional investors and hedge funds.

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.