Strive (NASDAQ:ASST) Shares Gap Down – Here’s What Happened

Strive, Inc. (NASDAQ:ASST)’s share price gapped down prior to trading on Friday . The stock had previously closed at $9.25, but opened at $8.75. Strive shares last traded at $8.68, with a volume of 2,249,310 shares changing hands.

Analyst Ratings Changes

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

Strive Stock Performance

The firm has a fifty day moving average price of $13.70 and a 200 day moving average price of $37.30. The company has a market cap of $544.49 million, a price-to-earnings ratio of -1.46 and a beta of 17.08.

Insider Activity

In other Strive news, CFO Benjamin Pham purchased 6,214 shares of Strive stock in a transaction that occurred on Wednesday, February 18th. The stock was acquired at an average price of $8.06 per share, for a total transaction of $50,084.84. Following the completion of the acquisition, the chief financial officer owned 6,214 shares of the company’s stock, valued at approximately $50,084.84. This trade represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Matthew Ryan Cole acquired 25,000 shares of the company’s stock in a transaction on Tuesday, January 13th. The stock was acquired at an average price 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 of the company’s stock, valued at approximately $701,960. This trade represents a 190.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders purchased a total of 61,935 shares of company stock valued at $944,387 over the last quarter. 2.84% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ASST. Sanctuary Advisors LLC acquired a new stake in Strive during the fourth quarter worth approximately $25,000. Valtinson Bruner Financial Planning LLC acquired a new stake in Strive during the 4th quarter worth approximately $25,000. Institute for Wealth Management LLC. bought a new stake in Strive in the 4th quarter valued at $26,000. Verdence Capital Advisors LLC acquired a new position in Strive in the 4th quarter valued at $26,000. Finally, Pinnacle Associates Ltd. bought a new position in Strive during the 4th quarter worth $26,000. 5.52% of the stock is owned by institutional investors.

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.