Strive (NASDAQ:ASST) Stock Price Up 6.8% – Still a Buy?

Strive, Inc. (NASDAQ:ASST)’s share price was up 6.8% during mid-day trading on Monday . The stock traded as high as $10.53 and last traded at $10.4170. Approximately 777,069 shares were traded during mid-day trading, a decline of 83% from the average daily volume of 4,576,751 shares. The stock had previously closed at $9.75.

Analysts Set New Price Targets

ASST has been the topic of several recent research reports. 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 on the stock. Weiss Ratings restated a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. Maxim Group reduced their price target on shares of Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Wall Street Zen downgraded Strive from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Finally, Zacks Research upgraded shares of Strive to a “hold” rating in a research note on Wednesday, March 11th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Strive Stock Performance

The business’s 50-day moving average price is $10.16 and its 200-day moving average price is $20.92. The stock has a market cap of $696.58 million, a P/E ratio of -1.68 and a beta of 15.29.

Strive (NASDAQ:ASST) last announced its quarterly earnings data on Saturday, January 31st. The company reported ($4.73) EPS for the quarter. Strive had a negative net margin of 7,335.00% and a negative return on equity of 122.88%.

Insiders Place Their Bets

In other Strive news, CFO Benjamin Pham acquired 7,900 shares of the stock in a transaction on Tuesday, February 17th. The stock was acquired at an average price 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 of the company’s stock, valued at $65,017. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 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 cost of $18.40 per share, with a total value of $460,000.00. Following the completion of the purchase, the chief executive officer directly owned 38,150 shares in the company, valued at approximately $701,960. This represents a 190.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders purchased 39,114 shares of company stock valued at $575,102. 2.71% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Engineers Gate Manager LP purchased a new position in Strive in the second quarter worth about $40,000. Two Sigma Investments LP bought a new stake in shares of Strive in the 3rd quarter valued at approximately $27,000. Tower Research Capital LLC TRC boosted its holdings in shares of Strive by 180.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock worth $41,000 after purchasing an additional 7,057 shares during the period. Osaic Holdings Inc. purchased a new position in shares of Strive in the 2nd quarter worth approximately $41,000. Finally, Verition Fund Management LLC bought a new position in shares of Strive during the 3rd quarter valued at approximately $28,000. Institutional investors own 5.52% of the company’s stock.

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.