Strive (NASDAQ:ASST) Stock Price Up 11.5% – Time to Buy?

Strive, Inc. (NASDAQ:ASST)’s stock price rose 11.5% on Monday . The stock traded as high as $1.03 and last traded at $1.0550. Approximately 24,490,949 shares changed hands 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 Analyst Weigh In

ASST has been the subject of a number of research reports. Maxim Group set a $1.50 price target on shares of Strive and gave the company a “buy” rating in a research report on Wednesday, December 10th. Weiss Ratings reissued a “sell (e-)” rating on shares of Strive in a report on Monday, December 29th. Finally, Wall Street Zen raised 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 issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $1.50.

Strive Price Performance

The company has a market capitalization of $897.03 million, a price-to-earnings ratio of -3.67 and a beta of 16.86. The business’s 50 day simple moving average is $1.02 and its 200 day simple moving average is $2.90.

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

Insiders Place Their Bets

In related news, CEO Matthew Ryan Cole bought 248,999 shares of the stock in a transaction on Monday, December 15th. The shares were bought at an average cost of $0.80 per share, for a total transaction of $199,199.20. Following the purchase, the chief executive officer owned 366,709 shares of the company’s stock, valued at $293,367.20. This trade represents a 211.54% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 56.47% of the company’s stock.

Institutional Investors Weigh In On Strive

Several large investors have recently modified their holdings of ASST. Tower Research Capital LLC TRC lifted its holdings in shares of Strive by 180.4% during 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. McElhenny Sheffield Capital Management LLC purchased a new position in Strive during the 2nd quarter worth $39,000. Engineers Gate Manager LP acquired a new stake in shares of Strive in the 2nd quarter worth $40,000. Two Sigma Investments LP acquired a new stake in shares of Strive in the 3rd quarter worth $27,000. Finally, Ground Swell Capital LLC purchased a new stake in shares of Strive in the second quarter valued at about $40,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

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.