Strive (NASDAQ:ASST) Trading 11.1% Higher – What’s Next?

Strive, Inc. (NASDAQ:ASST)’s stock price was up 11.1% on Wednesday . The company traded as high as $7.95 and last traded at $7.9570. Approximately 1,202,795 shares traded hands during mid-day trading, a decline of 77% from the average daily volume of 5,231,426 shares. The stock had previously closed at $7.16.

Wall Street Analyst Weigh In

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

Strive Price Performance

The firm has a 50-day simple moving average of $14.86 and a 200-day simple moving average of $40.47. The firm has a market capitalization of $532.64 million, a PE ratio of -1.42 and a beta of 16.87.

Insider Buying and Selling

In other Strive news, CEO Matthew Ryan Cole purchased 25,000 shares of the firm’s stock in a transaction on Tuesday, January 13th. The shares were acquired 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. The trade was a 190.11% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Benjamin Pham purchased 7,900 shares of the company’s stock in a transaction dated Tuesday, February 17th. The shares were acquired at an average price of $8.23 per share, for a total transaction of $65,017.00. Following the purchase, the chief financial officer directly owned 7,900 shares in the company, valued at approximately $65,017. The trade was a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last three months, insiders purchased 61,935 shares of company stock worth $944,387. 2.84% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Strive

Hedge funds and other institutional investors have recently modified their holdings of the stock. Hudson Bay Capital Management LP purchased a new position in Strive during the second quarter valued at $27,778,000. MMCAP International Inc. SPC bought a new position in shares of Strive in the third quarter worth about $46,296,000. Alpine Associates Management Inc. bought a new position in shares of Strive in the third quarter worth about $717,000. Kera Capital Partners Inc. purchased a new position in shares of Strive during the 4th quarter valued at about $36,000. Finally, Larson Financial Group LLC purchased a new position in shares of Strive during the 4th quarter valued at about $32,000. 5.52% of the stock is currently owned by hedge funds and other 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.