Strive (NASDAQ:ASST) Shares Gap Up – Time to Buy?

Strive, Inc. (NASDAQ:ASST)’s stock 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 traded.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the stock. Maxim Group set a $1.50 price objective on shares of Strive and gave the company a “buy” rating in a research note on Wednesday, December 10th. Wall Street Zen upgraded shares of Strive from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, Weiss Ratings reissued a “sell (e-)” rating on shares of Strive in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Strive has an average rating of “Hold” and an average price target of $1.50.

Strive Trading Down 5.8%

The stock has a market cap of $791.42 million, a price-to-earnings ratio of -3.24 and a beta of 16.86. The firm’s 50 day moving average is $1.00 and its two-hundred day moving average is $2.83.

Strive (NASDAQ:ASST) last issued 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.

Insiders Place Their Bets

In other Strive news, CEO Matthew Ryan Cole purchased 500,000 shares of Strive stock in a transaction on Tuesday, January 13th. The shares were bought at an average price of $0.92 per share, with a total value of $460,000.00. Following the purchase, the chief executive officer directly owned 763,012 shares in the company, valued at $701,971.04. This trade represents a 190.11% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders acquired 956,456 shares of company stock valued at $829,314. Insiders own 56.47% of the company’s stock.

Hedge Funds Weigh In On Strive

A number of large investors have recently bought and sold shares of the stock. McElhenny Sheffield Capital Management LLC purchased a new stake in shares of Strive during the 2nd quarter valued at $39,000. Bellecapital International Ltd. acquired a new position in Strive in the second quarter valued at $42,000. Ground Swell Capital LLC purchased a new stake in Strive during the second quarter valued at about $40,000. Geode Capital Management LLC increased its stake in Strive by 362.6% during the second quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock worth $561,000 after acquiring an additional 117,249 shares during the last quarter. Finally, Creative Planning acquired a new stake in Strive during the second quarter worth about $79,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

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.