Strive (NASDAQ:ASST) Trading 11.1% Higher – What’s Next?

Strive, Inc. (NASDAQ:ASST)’s share price rose 11.1% on Wednesday . The stock traded as high as $7.95 and last traded at $7.9570. Approximately 1,202,795 shares were traded during trading, a decline of 77% from the average daily volume of 5,231,426 shares. The stock had previously closed at $7.16.

Wall Street Analysts Forecast Growth

ASST has been the subject of several research reports. Maxim Group set a $30.00 target price on Strive and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Wall Street Zen upgraded Strive from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Finally, Weiss Ratings reissued a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Strive has a consensus rating of “Hold” and an average target price of $30.00.

Strive Price Performance

The stock has a 50 day simple moving average of $14.86 and a 200-day simple moving average of $40.47. The firm has a market cap of $532.64 million, a PE ratio of -1.42 and a beta of 16.87.

Insider Buying and Selling at Strive

In related news, CEO Matthew Ryan Cole purchased 25,000 shares of the stock in a transaction dated Tuesday, January 13th. The stock was purchased at an average price of $18.40 per share, with a total value of $460,000.00. Following the transaction, the chief executive officer directly owned 38,150 shares in the company, valued at $701,960. This trade represents a 190.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Benjamin Pham acquired 7,900 shares of the business’s stock in a transaction that occurred on Tuesday, February 17th. The shares were purchased at an average cost of $8.23 per share, for a total transaction of $65,017.00. Following the completion of the transaction, the chief financial officer directly owned 7,900 shares in the company, valued at $65,017. The trade was a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have bought 61,935 shares of company stock valued at $944,387 over the last 90 days. Corporate insiders own 2.84% of the company’s stock.

Institutional Investors Weigh In On Strive

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