Strive (NASDAQ:ASST) Stock Price Down 11.6% – Should You Sell?

Strive, Inc. (NASDAQ:ASST)’s stock price traded down 11.6% during trading on Monday . The stock traded as low as $10.31 and last traded at $10.53. 1,034,068 shares were traded during mid-day trading, a decline of 82% from the average session volume of 5,794,744 shares. The stock had previously closed at $11.91.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on ASST shares. Weiss Ratings reissued a “sell (e-)” rating on shares of Strive in a report on Monday, December 29th. Wall Street Zen raised shares of Strive from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Finally, Maxim Group set a $30.00 target price on shares of Strive and gave the company a “buy” rating in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $30.00.

Strive Price Performance

The firm has a 50 day moving average price of $17.46 and a 200-day moving average price of $45.75. The firm has a market cap of $632.74 million, a price-to-earnings ratio of -33.82 and a beta of 16.87.

Strive (NASDAQ:ASST) last released its earnings results on Friday, November 14th. The company reported ($4.40) earnings per share (EPS) for the quarter. The business had revenue of $1.54 million for the quarter.

Insider Transactions at Strive

In other Strive news, CEO Matthew Ryan Cole bought 25,000 shares of the stock in a transaction on Tuesday, January 13th. The stock was purchased at an average price of $18.40 per share, with a total value of $460,000.00. Following the acquisition, the chief executive officer owned 38,150 shares of the company’s stock, valued at approximately $701,960. The trade was a 190.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have purchased 47,821 shares of company stock valued at $829,285 over the last quarter. 2.84% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sanctuary Advisors LLC acquired a new stake in shares of Strive during the fourth quarter worth $25,000. Institute for Wealth Management LLC. acquired a new position in shares of Strive during the 4th quarter worth about $26,000. Verdence Capital Advisors LLC acquired a new position in shares of Strive during the 4th quarter worth about $26,000. Pinnacle Associates Ltd. bought a new stake in shares of Strive in the 4th quarter valued at about $26,000. Finally, Two Sigma Investments LP acquired a new stake in shares of Strive in the 3rd quarter valued at approximately $27,000. 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.