Benjamin Pham Acquires 7,900 Shares of Strive (NASDAQ:ASST) Stock

Strive, Inc. (NASDAQ:ASST) CFO Benjamin Pham bought 7,900 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were bought at an average cost of $8.23 per share, with a total value of $65,017.00. Following the completion of the transaction, the chief financial officer owned 7,900 shares in the company, valued at $65,017. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Benjamin Pham also recently made the following trade(s):

• On Wednesday, February 18th, Benjamin Pham purchased 6,214 shares of Strive stock. The stock was bought at an average cost of $8.06 per share, with a total value of $50,084.84.

Strive Price Performance

Shares of ASST opened at $8.15 on Friday. The business has a 50-day moving average of $15.23 and a 200-day moving average of $41.71. The company has a market capitalization of $508.32 million, a price-to-earnings ratio of -1.36 and a beta of 16.87. Strive, Inc. has a 1 year low of $7.57 and a 1 year high of $268.40.

Strive (NASDAQ:ASST) last released its earnings results on Friday, November 14th. The company reported ($4.40) earnings per share for the quarter. The business had revenue of $1.54 million for the quarter.

Hedge Funds Weigh In On Strive

A number of institutional investors have recently modified their holdings of the company. Yorkville Advisors Global LP bought a new position in shares of Strive in the 3rd quarter worth $92,593,000. Anson Funds Management LP lifted its position in 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 acquiring an additional 36,147,300 shares in the last quarter. Alyeska Investment Group L.P. acquired a new position in Strive during the 3rd quarter valued at about $84,375,000. MMCAP International Inc. SPC bought a new stake in Strive during the 3rd quarter worth approximately $46,296,000. Finally, Woodline Partners LP purchased a new stake in shares of Strive in the third quarter worth approximately $31,481,000. 5.52% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ASST. Weiss Ratings reissued a “sell (e-)” rating on shares of Strive in a research note on Monday, December 29th. Maxim Group set a $30.00 target price on Strive and gave the stock a “buy” rating in a report on Wednesday, December 10th. Finally, Wall Street Zen raised Strive from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $30.00.

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.