Strive (NASDAQ:ASST) Trading Down 7.5% – What’s Next?

Strive, Inc. (NASDAQ:ASST)’s share price fell 7.5% on Thursday . The company traded as low as $9.35 and last traded at $9.3980. 412,978 shares were traded during trading, a decline of 91% from the average session volume of 4,600,302 shares. The stock had previously closed at $10.16.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ASST shares. Weiss Ratings reissued a “sell (e-)” rating on shares of Strive in a report on Monday, December 29th. Maxim Group lowered their price objective on Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. B. Riley Financial began coverage on Strive in a research note on Tuesday, March 10th. They set a “buy” rating and a $12.00 price objective for the company. Zacks Research upgraded Strive to a “hold” rating in a research report on Wednesday, March 11th. Finally, Wall Street Zen lowered Strive from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $16.00.

Strive Stock Performance

The firm has a market cap of $669.33 million, a PE ratio of -1.62 and a beta of 15.24. The stock’s 50 day simple moving average is $10.46 and its 200 day simple moving average is $22.65.

Strive (NASDAQ:ASST) last posted 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%.

Insider Transactions at Strive

In other news, CEO Matthew Ryan Cole acquired 25,000 shares of the business’s stock in a transaction dated Tuesday, January 13th. The stock was purchased at an average cost of $18.40 per share, for a total transaction of $460,000.00. Following the acquisition, the chief executive officer owned 38,150 shares of the company’s stock, valued at $701,960. This trade represents a 190.11% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Benjamin Pham acquired 6,214 shares of Strive stock in a transaction dated Wednesday, February 18th. The shares were purchased at an average price of $8.06 per share, for a total transaction of $50,084.84. Following the completion of the transaction, the chief financial officer directly owned 6,214 shares in the company, valued at approximately $50,084.84. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Insiders have acquired 39,114 shares of company stock worth $575,102 in the last 90 days. Company insiders own 2.71% of the company’s stock.

Institutional Trading of Strive

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Yorkville Advisors Global LP bought a new stake in shares of Strive in the 3rd quarter worth approximately $92,593,000. Anson Funds Management LP grew its holdings in shares of Strive by 4,028.5% during the 3rd quarter. Anson Funds Management LP now owns 35,250,000 shares of the company’s stock valued at $88,125,000 after purchasing an additional 36,147,300 shares during the last quarter. Alyeska Investment Group L.P. purchased a new position in Strive in the 3rd quarter worth $84,375,000. MMCAP International Inc. SPC purchased a new position in Strive in the 3rd quarter worth $46,296,000. Finally, Woodline Partners LP bought a new stake in Strive in the third quarter worth $31,481,000. 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.