Investors Buy Large Volume of Strive Call Options (NASDAQ:ASST)

Strive, Inc. (NASDAQ:ASST) was the recipient of unusually large options trading activity on Wednesday. Traders bought 209,050 call options on the company. This represents an increase of 704% compared to the average volume of 25,991 call options.

Institutional Trading of Strive

A number of hedge funds have recently bought and sold shares of the stock. Sanctuary Advisors LLC purchased a new position in shares of Strive in the 4th quarter valued at $25,000. Valtinson Bruner Financial Planning LLC bought a new stake in Strive during the fourth quarter valued at about $25,000. Verdence Capital Advisors LLC bought a new stake in Strive during the fourth quarter valued at about $26,000. Institute for Wealth Management LLC. purchased a new position in Strive in the fourth quarter valued at about $26,000. Finally, Pinnacle Associates Ltd. purchased a new position in Strive in the fourth quarter valued at about $26,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

Strive Stock Down 9.5%

NASDAQ:ASST traded down $1.32 during mid-day trading on Wednesday, reaching $12.62. The company’s stock had a trading volume of 2,471,570 shares, compared to its average volume of 4,503,035. The company has a quick ratio of 11.44, a current ratio of 11.44 and a debt-to-equity ratio of 0.01. Strive has a 1 year low of $7.02 and a 1 year high of $252.00. The stock has a fifty day moving average of $15.80 and a 200-day moving average of $14.20. The firm has a market capitalization of $922.67 million, a PE ratio of -1.47 and a beta of 13.09.

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

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. TD Cowen reiterated a “buy” rating and set a $30.00 price objective (up from $28.00) on shares of Strive in a report on Monday, May 18th. Zacks Research upgraded shares of Strive to a “hold” rating in a research note on Wednesday, March 11th. HC Wainwright raised their target price on shares of Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. B. Riley Financial boosted their price target on Strive from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 15th. Finally, Benchmark reiterated a “buy” rating on shares of Strive in a report on Monday, June 15th. Five 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, the stock has an average rating of “Moderate Buy” and a consensus price target of $28.00.

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.