Strive (NASDAQ:ASST) Research Coverage Started at B. Riley Financial

B. Riley Financial assumed coverage on shares of Strive (NASDAQ:ASST) in a report published on Tuesday, Marketbeat Ratings reports. The firm issued a buy rating and a $12.00 price target on the stock.

Several other equities analysts have also recently commented on the stock. Maxim Group set a $30.00 target price 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 research note on Monday, December 29th. Finally, Wall Street Zen upgraded shares of Strive from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Two research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $21.00.

Strive Stock Down 4.3%

ASST stock opened at $8.83 on Tuesday. Strive has a 52 week low of $7.02 and a 52 week high of $268.40. The business has a 50-day simple moving average of $13.07 and a 200 day simple moving average of $34.75. The company has a market cap of $550.73 million, a PE ratio of -1.47 and a beta of 17.08.

Insider Transactions at Strive

In related news, CFO Benjamin Pham bought 7,900 shares of the company’s stock in a transaction dated Tuesday, February 17th. The stock was purchased at an average price of $8.23 per share, with a total value of $65,017.00. Following the completion of the acquisition, the chief financial officer owned 7,900 shares of the company’s stock, valued at $65,017. The trade was a ∞ increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew Ryan Cole purchased 25,000 shares of Strive stock in a transaction dated Tuesday, January 13th. The stock was bought at an average price of $18.40 per share, for a total transaction of $460,000.00. Following the completion of the purchase, the chief executive officer owned 38,150 shares in the company, valued at $701,960. This represents a 190.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 61,935 shares of company stock worth $944,387. Company insiders own 2.84% of the company’s stock.

Hedge Funds Weigh In On Strive

A number of institutional investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP acquired a new stake in Strive in the second quarter valued at approximately $40,000. Two Sigma Investments LP bought a new stake in shares of Strive during the third quarter worth $27,000. Tower Research Capital LLC TRC increased 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 buying an additional 7,057 shares in the last quarter. Osaic Holdings Inc. bought a new position in shares of Strive in the 2nd quarter valued at $41,000. Finally, Verition Fund Management LLC bought a new position in shares of Strive in the 3rd quarter valued at $28,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.

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.