Lauer Wealth LLC Buys Shares of 100,000 Strive, Inc. $ASST

Lauer Wealth LLC purchased a new stake in shares of Strive, Inc. (NASDAQ:ASST) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 100,000 shares of the company’s stock, valued at approximately $74,000.

A number of other large investors have also recently made changes to their positions in the stock. Engineers Gate Manager LP purchased a new position in shares of Strive during the second quarter valued at approximately $40,000. Two Sigma Investments LP purchased a new stake in Strive in the third quarter worth approximately $27,000. Tower Research Capital LLC TRC grew its position in Strive by 180.4% in the 2nd 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. Osaic Holdings Inc. purchased a new stake in Strive during the 2nd quarter valued at $41,000. Finally, Verition Fund Management LLC purchased a new stake in Strive during the 3rd quarter valued at $28,000. 5.52% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the company. Zacks Research upgraded Strive to a “hold” rating in a research note on Wednesday, March 11th. Wall Street Zen cut Strive from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings reissued a “sell (e-)” rating on shares of Strive in a report on Monday, December 29th. Maxim Group dropped their target price on Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday. Finally, B. Riley Financial started coverage on Strive in a research note on Tuesday, March 10th. They set a “buy” rating and a $12.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Insiders Place Their Bets

In related news, CEO Matthew Ryan Cole bought 25,000 shares of the stock in a transaction that occurred on Tuesday, January 13th. The shares were bought at an average cost of $18.40 per share, for a total transaction of $460,000.00. Following the completion of the transaction, the chief executive officer owned 38,150 shares of the company’s stock, valued at approximately $701,960. This trade represents a 190.11% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Benjamin Pham purchased 7,900 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were bought at an average cost of $8.23 per share, with a total value of $65,017.00. Following the acquisition, the chief financial officer directly owned 7,900 shares of the company’s stock, valued at $65,017. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last ninety days, insiders purchased 39,114 shares of company stock worth $575,102. 2.71% of the stock is owned by insiders.

Strive Trading Down 4.9%

Shares of ASST stock opened at $9.93 on Wednesday. Strive, Inc. has a 12 month low of $7.02 and a 12 month high of $268.40. The stock has a market cap of $663.13 million, a P/E ratio of -1.66 and a beta of 17.08. The company has a 50 day simple moving average of $11.52 and a two-hundred day simple moving average of $27.60.

Strive (NASDAQ:ASST) last issued its quarterly earnings results on Saturday, January 31st. The company reported ($4.73) earnings per share for the quarter. Strive had a negative return on equity of 122.88% and a negative net margin of 7,335.00%.

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.