Strive (NASDAQ:ASST) Sees Strong Trading Volume Following Analyst Upgrade

Strive, Inc. (NASDAQ:ASST) shares saw strong trading volume on Thursday after B. Riley Financial raised their price target on the stock from $16.00 to $26.00. B. Riley Financial currently has a buy rating on the stock. Approximately 3,846,339 shares traded hands during trading, a decline of 18% from the previous session’s volume of 4,706,793 shares.The stock last traded at $25.78 and had previously closed at $24.32.

Several other research analysts also recently commented on ASST. Wall Street Zen raised Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. B Riley restated a “buy” rating on shares of Strive in a report on Thursday. Benchmark reiterated a “buy” rating on shares of Strive in a report on Thursday, August 20th. HC Wainwright decreased their price target on Strive from $37.00 to $36.00 and set a “buy” rating for the company in a research note on Tuesday, August 11th. Finally, Weiss Ratings upgraded Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 14th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $28.40.

Insider Buying and Selling

In related news, Director Pierre Rochard purchased 15,900 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was purchased at an average cost of $12.54 per share, with a total value of $199,386.00. Following the completion of the purchase, the director owned 15,900 shares in the company, valued at approximately $199,386. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.71% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Strive

A number of hedge funds and other institutional investors have recently modified their holdings of ASST. California State Teachers Retirement System bought a new position in Strive during the second quarter valued at about $87,000. AXQ Capital LP bought a new position in shares of Strive in the second quarter worth $110,000. Engineers Gate Manager LP purchased a new position in Strive during the 2nd quarter valued at about $40,000. Two Sigma Investments LP bought a new stake in Strive during the 3rd quarter worth approximately $27,000. Finally, Tower Research Capital LLC TRC increased its holdings in shares of Strive by 180.4% in the second 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. Hedge funds and other institutional investors own 5.52% of the company’s stock.

Strive Trading Up 1.2%

The firm has a fifty day simple moving average of $14.74 and a two-hundred day simple moving average of $13.53. The stock has a market cap of $2.32 billion, a PE ratio of -3.07 and a beta of 13.36.

Strive (NASDAQ:ASST) last issued its quarterly earnings data on Monday, August 10th. The company reported ($3.65) EPS for the quarter, missing the consensus estimate of ($0.95) by ($2.70). The business had revenue of $2.94 million for the quarter, compared to analysts’ expectations of $3.02 million. Strive had a negative return on equity of 141.47% and a negative net margin of 10,957.22%. Equities analysts forecast that Strive, Inc. will post -9.4 earnings per share for the current year.

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.