Pierre Rochard Purchases 15,900 Shares of Strive (NASDAQ:ASST) Stock

Strive, Inc. (NASDAQ:ASST) Director Pierre Rochard bought 15,900 shares of the firm’s stock in a transaction that occurred 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 directly owned 15,900 shares of the company’s stock, valued at $199,386. This 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 hyperlink.

Strive Trading Up 15.1%

Shares of ASST opened at $14.73 on Thursday. The company’s fifty day simple moving average is $12.80 and its 200 day simple moving average is $12.59. Strive, Inc. has a 1-year low of $7.02 and a 1-year high of $252.00. The company has a market cap of $1.26 billion, a price-to-earnings ratio of -1.67 and a beta of 13.21.

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ASST. Benchmark reaffirmed a “buy” rating on shares of Strive in a research report on Monday, June 15th. Wall Street Zen raised Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings upgraded shares of Strive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. HC Wainwright dropped their price objective on shares of Strive from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Finally, B. Riley Financial upped their price target on shares of Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research note on Friday, May 15th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $27.20.

Institutional Investors Weigh In On Strive

Several institutional investors have recently made changes to their positions in the stock. Engineers Gate Manager LP acquired a new position in Strive in the 2nd quarter valued at $40,000. Two Sigma Investments LP acquired a new stake in shares of Strive during the 3rd quarter worth $27,000. Tower Research Capital LLC TRC increased its position 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. Osaic Holdings Inc. acquired a new position in Strive in the second quarter valued at about $41,000. Finally, Formidable Asset Management LLC bought a new stake in Strive during the first quarter worth about $113,000. 5.52% of the stock is currently owned by institutional investors.

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.