MMCAP International Inc. SPC Sells 17,954,719 Shares of Strive, Inc. $ASST

MMCAP International Inc. SPC trimmed its position in shares of Strive, Inc. (NASDAQ:ASST) by 97.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 563,800 shares of the company’s stock after selling 17,954,719 shares during the quarter. MMCAP International Inc. SPC owned 0.90% of Strive worth $416,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Engineers Gate Manager LP bought a new position in shares of Strive during the 2nd quarter valued at $40,000. Two Sigma Investments LP bought a new position in shares of Strive during the 3rd quarter valued at $27,000. Tower Research Capital LLC TRC lifted its holdings in shares of Strive by 180.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after buying an additional 7,057 shares during the period. Osaic Holdings Inc. bought a new position in shares of Strive during the 2nd quarter valued at $41,000. Finally, Verition Fund Management LLC bought a new position in shares of Strive during the 3rd quarter valued at $28,000. 5.52% of the stock is owned by institutional investors.

Strive Trading Down 0.6%

NASDAQ:ASST opened at $18.10 on Wednesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.44 and a quick ratio of 11.44. The firm has a market capitalization of $1.32 billion, a price-to-earnings ratio of -2.11 and a beta of 13.46. Strive, Inc. has a one year low of $7.02 and a one year high of $252.00. The business has a fifty day moving average price of $13.65 and a 200-day moving average price of $15.30.

Strive (NASDAQ:ASST) last posted its quarterly earnings data on Thursday, May 14th. The company reported ($5.19) EPS for the quarter, missing the consensus estimate of ($2.70) by ($2.49). The company had revenue of $2.76 million during the quarter, compared to analysts’ expectations of $2.73 million. Strive had a negative return on equity of 139.10% and a negative net margin of 9,655.92%. Sell-side analysts forecast that Strive, Inc. will post -4.11 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ASST shares. Wall Street Zen raised Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. B. Riley Financial upped their price objective on Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. HC Wainwright upped their price objective on Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. Maxim Group reduced their price objective on Strive from $30.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Finally, TD Cowen restated a “buy” rating and issued a $30.00 price objective (up from $28.00) on shares of Strive in a research note on Monday, May 18th. Four analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Strive currently has a consensus rating of “Moderate Buy” and an average target price of $27.00.

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.