Lauer Wealth LLC Purchases Shares of 100,000 Strive, Inc. $ASST

Lauer Wealth LLC purchased a new position in Strive, Inc. (NASDAQ:ASST) in the fourth quarter, HoldingsChannel reports. The firm purchased 100,000 shares of the company’s stock, valued at approximately $74,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Geode Capital Management LLC raised its position in shares of Strive by 362.6% during the 2nd quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock valued at $561,000 after purchasing an additional 117,249 shares during the period. Creative Planning purchased a new position in shares of Strive during the 2nd quarter valued at $79,000. XTX Topco Ltd bought a new position in Strive in the 2nd quarter worth $126,000. Engineers Gate Manager LP bought a new position in Strive in the 2nd quarter worth $40,000. Finally, Hudson Bay Capital Management LP purchased a new stake in Strive in the 2nd quarter worth $27,778,000. 5.52% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, CEO Matthew Ryan Cole purchased 25,000 shares of the business’s stock in a transaction on Tuesday, January 13th. The stock was acquired at an average price of $18.40 per share, for a total transaction of $460,000.00. Following the acquisition, the chief executive officer directly owned 38,150 shares of the company’s stock, valued at $701,960. This represents a 190.11% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Benjamin Pham acquired 7,900 shares of Strive stock in a transaction on Tuesday, February 17th. The stock was purchased at an average cost of $8.23 per share, for a total transaction of $65,017.00. Following the purchase, the chief financial officer owned 7,900 shares in the company, valued at approximately $65,017. The trade was a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 39,114 shares of company stock valued at $575,102. 2.71% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ASST. Weiss Ratings restated a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. B. Riley Financial began coverage on Strive in a research report on Tuesday, March 10th. They set a “buy” rating and a $12.00 target price for the company. Maxim Group lowered their price target on Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a report on Monday. Zacks Research upgraded Strive to a “hold” rating in a research note on Wednesday, March 11th. Finally, Wall Street Zen lowered shares of Strive from a “hold” rating to a “sell” rating in a report on Saturday. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $16.00.

Strive Stock Down 4.9%

Shares of ASST stock opened at $9.93 on Wednesday. The company’s fifty day simple moving average is $11.52 and its two-hundred day simple moving average is $27.60. Strive, Inc. has a 52 week low of $7.02 and a 52 week high of $268.40. The stock has a market cap of $663.13 million, a P/E ratio of -1.66 and a beta of 17.08.

Strive (NASDAQ:ASST) last issued its quarterly earnings data on Saturday, January 31st. The company reported ($4.73) earnings per share for the quarter. Strive had a negative net margin of 7,335.00% and a negative return on equity of 122.88%.

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.