Strive (NASDAQ:ASST) Sees Strong Trading Volume – Here’s What Happened

Strive, Inc. (NASDAQ:ASST) shares saw an uptick in trading volume on Thursday . Approximately 3,899,962 shares were traded during trading, a decline of 13% from the previous session’s volume of 4,467,786 shares.The stock last traded at $23.9910 and had previously closed at $21.50.

Analysts Set New Price Targets

A number of equities analysts have commented on ASST shares. B. Riley Financial lifted their price objective on shares of Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Weiss Ratings raised shares of Strive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Wall Street Zen upgraded shares of Strive from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. HC Wainwright decreased their price target on shares of Strive from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Finally, Benchmark reaffirmed a “buy” rating on shares of Strive in a research report on Thursday, August 20th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $27.20.

Strive Stock Up 10.0%

The firm’s 50-day moving average price is $13.19 and its 200 day moving average price is $12.81. The firm has a market cap of $2.02 billion, a P/E ratio of -2.67 and a beta of 13.21.

Strive (NASDAQ:ASST) last issued its quarterly earnings data on Monday, August 10th. The company reported ($3.65) earnings per share for the quarter, missing the consensus estimate of ($0.95) by ($2.70). Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. The firm had revenue of $2.94 million during the quarter, compared to the consensus estimate of $3.02 million. On average, equities analysts predict that Strive, Inc. will post -9.4 earnings per share for the current year.

Insider Activity

In other Strive news, Director Pierre Rochard acquired 15,900 shares of Strive stock in a transaction dated Friday, August 14th. The stock was acquired at an average cost of $12.54 per share, for a total transaction of $199,386.00. Following the completion of the transaction, the director owned 15,900 shares in the company, valued at approximately $199,386. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 2.71% of the company’s stock.

Institutional Trading of Strive

Several hedge funds have recently added to or reduced their stakes in ASST. Geode Capital Management LLC grew its stake in shares of Strive by 362.6% in the second quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock worth $561,000 after purchasing an additional 117,249 shares in the last quarter. Creative Planning bought a new stake in shares of Strive during the second quarter valued at about $79,000. XTX Topco Ltd acquired a new stake in Strive in the second quarter worth about $126,000. Engineers Gate Manager LP acquired a new stake in Strive in the second quarter worth about $40,000. Finally, Tower Research Capital LLC TRC grew its position in Strive by 180.4% in 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 in the last quarter. 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.