Strive (NASDAQ:ASST) Shares Gap Up – Should You Buy?

Strive, Inc. (NASDAQ:ASST)’s share price gapped up before the market opened on Tuesday . The stock had previously closed at $1.10, but opened at $1.15. Strive shares last traded at $1.1450, with a volume of 34,271,976 shares trading hands.

Analyst Upgrades and Downgrades

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

Strive Stock Down 11.2%

The firm has a market cap of $796.72 million, a PE ratio of -3.21 and a beta of 16.86. The business has a 50 day simple moving average of $1.02 and a two-hundred day simple moving average of $2.88.

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

Insider Activity at Strive

In related news, CEO Matthew Ryan Cole purchased 248,999 shares of the firm’s stock in a transaction dated Monday, December 15th. The stock was purchased at an average price of $0.80 per share, with a total value of $199,199.20. Following the completion of the purchase, the chief executive officer owned 366,709 shares of the company’s stock, valued at approximately $293,367.20. The trade was a 211.54% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 56.47% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ASST. Thompson Davis & CO. Inc. purchased a new stake in shares of Strive in the 4th quarter worth $74,000. Lauer Wealth LLC bought a new stake in shares of Strive in the fourth quarter valued at about $74,000. Dynamic Advisor Solutions LLC purchased a new stake in Strive in the fourth quarter worth about $31,000. Yorkville Advisors Global LP purchased a new stake in Strive in the third quarter worth about $92,593,000. Finally, Woodline Partners LP bought a new position in Strive during the 3rd quarter worth about $31,481,000. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

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.