Strive (NASDAQ:ASST) Trading 11.5% Higher – Still a Buy?

Shares of Strive, Inc. (NASDAQ:ASST) were up 11.5% on Monday . The stock traded as high as $1.03 and last traded at $1.0550. Approximately 24,490,949 shares were traded during trading, a decline of 73% from the average daily volume of 90,160,258 shares. The stock had previously closed at $0.9458.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ASST. Wall Street Zen upgraded shares of Strive from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings restated a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. Finally, Maxim Group set a $1.50 price objective on Strive and gave the company a “buy” rating in a research note on Wednesday, December 10th. One analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Strive presently has a consensus rating of “Hold” and a consensus target price of $1.50.

Strive Stock Up 16.3%

The stock has a 50-day moving average price of $1.02 and a 200 day moving average price of $2.90. The firm has a market capitalization of $897.03 million, a price-to-earnings ratio of -3.67 and a beta of 16.86.

Strive (NASDAQ:ASST) last issued its quarterly earnings results on Friday, November 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. The company had revenue of $1.54 million for the quarter.

Insider Activity

In other news, CEO Matthew Ryan Cole bought 248,999 shares of the stock in a transaction that occurred on Monday, December 15th. The stock was purchased at an average price of $0.80 per share, for a total transaction of $199,199.20. Following the completion of the purchase, the chief executive officer owned 366,709 shares in the company, valued at approximately $293,367.20. This trade represents a 211.54% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 56.47% of the company’s stock.

Institutional Trading of Strive

A number of hedge funds and other institutional investors have recently bought and sold shares of ASST. Thompson Davis & CO. Inc. acquired a new position in shares of Strive during the 4th quarter worth about $74,000. Lauer Wealth LLC purchased a new stake in Strive during the fourth quarter worth approximately $74,000. Dynamic Advisor Solutions LLC acquired a new position in Strive in the fourth quarter valued at approximately $31,000. Yorkville Advisors Global LP acquired a new position in Strive in the third quarter valued at approximately $92,593,000. Finally, Woodline Partners LP purchased a new position in Strive in the third quarter valued at approximately $31,481,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.

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.