96,000 Shares in Strive, Inc. $ASST Bought by J. Derek Lewis & Associates Inc.

J. Derek Lewis & Associates Inc. bought a new position in shares of Strive, Inc. (NASDAQ:ASST) in the fourth quarter, HoldingsChannel.com reports. The firm bought 96,000 shares of the company’s stock, valued at approximately $71,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Corient Private Wealth LLC acquired a new stake in shares of Strive in the fourth quarter valued at about $388,000. TRU Independence Asset Management 2 LLC acquired a new position in shares of Strive during the 4th quarter worth about $63,000. Kera Capital Partners Inc. acquired a new position in shares of Strive during the 4th quarter worth about $36,000. Virtu Financial LLC bought a new stake in Strive during the 4th quarter valued at approximately $76,000. Finally, Invesco Ltd. bought a new stake in Strive during the 4th quarter valued at approximately $209,000. Institutional investors and hedge funds own 5.52% of the company’s stock.

Strive Stock Performance

ASST stock opened at $14.85 on Monday. Strive, Inc. has a 1-year low of $7.02 and a 1-year high of $252.00. The firm has a market cap of $1.09 billion, a P/E ratio of -1.73 and a beta of 13.11. The business’s 50 day moving average is $15.63 and its 200-day moving average is $14.29. The company has a current ratio of 11.44, a quick ratio of 11.44 and a debt-to-equity ratio of 0.01.

Strive (NASDAQ:ASST) last posted its earnings results on Thursday, May 14th. The company reported ($5.19) EPS for the quarter, missing the consensus estimate of ($2.70) by ($2.49). The company had revenue of $2.76 million for the quarter, compared to the consensus estimate of $2.73 million. Strive had a negative return on equity of 139.10% and a negative net margin of 9,655.92%. Equities analysts anticipate that Strive, Inc. will post -4.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts have issued reports on the company. B. Riley Financial raised their target price on Strive from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 15th. Benchmark reiterated a “buy” rating on shares of Strive in a report on Monday, June 15th. Zacks Research raised Strive to a “hold” rating in a research report on Wednesday, March 11th. TD Cowen restated a “buy” rating and issued a $30.00 price objective (up from $28.00) on shares of Strive in a research note on Monday, May 18th. Finally, Maxim Group dropped their target price 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. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Strive presently has an average rating of “Moderate Buy” and a consensus target price of $28.00.

Strive 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.