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

Strive, Inc. (NASDAQ:ASST)’s share price gapped down before the market opened on Monday . The stock had previously closed at $15.61, but opened at $14.87. Strive shares last traded at $15.56, with a volume of 707,633 shares traded.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Zacks Research upgraded shares of Strive to a “hold” rating in a research report on Wednesday, March 11th. Weiss Ratings reiterated a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. HC Wainwright assumed coverage on shares of Strive in a research report on Tuesday. They set a “buy” rating and a $36.00 target price for the company. Wall Street Zen cut shares of Strive from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Finally, TD Cowen assumed coverage on shares of Strive in a research report on Friday, April 10th. They set a “buy” rating and a $26.00 target price for the company. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $23.50.

Strive Trading Down 2.0%

The business’s fifty day simple moving average is $9.89 and its 200 day simple moving average is $16.84. The stock has a market cap of $1.06 billion, a P/E ratio of -2.55 and a beta of 15.29.

Strive (NASDAQ:ASST) last issued its quarterly earnings data on Saturday, January 31st. The company reported ($4.73) EPS for the quarter. Strive had a negative return on equity of 122.88% and a negative net margin of 7,335.00%. On average, analysts predict that Strive, Inc. will post -0.63 earnings per share for the current fiscal year.

Insider Activity

In other Strive news, CFO Benjamin Pham bought 7,900 shares of Strive stock in a transaction dated Tuesday, February 17th. The shares were bought at an average price of $8.23 per share, with a total value of $65,017.00. Following the purchase, the chief financial officer 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 transaction was disclosed in a filing with the SEC, which is available at this link. Company insiders own 2.71% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Engineers Gate Manager LP bought a new position in shares of Strive in the 2nd quarter valued at about $40,000. Two Sigma Investments LP bought a new position in shares of Strive in the 3rd quarter valued at about $27,000. Tower Research Capital LLC TRC boosted its stake 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 valued at $41,000 after purchasing an additional 7,057 shares during the last quarter. Osaic Holdings Inc. bought a new position in shares of Strive in the 2nd quarter valued at about $41,000. Finally, Verition Fund Management LLC bought a new position in shares of Strive in the 3rd quarter valued at about $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.