Strive (NASDAQ:ASST) Shares Gap Down – Time to Sell?

Strive, Inc. (NASDAQ:ASST)’s share price gapped down prior to trading on Friday . The stock had previously closed at $9.25, but opened at $8.75. Strive shares last traded at $8.68, with a volume of 2,249,310 shares trading hands.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on ASST shares. Weiss Ratings reissued a “sell (e-)” rating on shares of Strive in a report on Monday, December 29th. Wall Street Zen upgraded Strive from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, Maxim Group set a $30.00 price objective on Strive and gave the stock a “buy” rating in a research note on Wednesday, December 10th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $30.00.

Strive Stock Performance

The stock has a fifty day simple moving average of $13.70 and a two-hundred day simple moving average of $37.30. The stock has a market cap of $544.49 million, a price-to-earnings ratio of -1.46 and a beta of 17.08.

Insider Transactions at Strive

In related news, CFO Benjamin Pham purchased 7,900 shares of Strive stock in a transaction dated Tuesday, February 17th. The shares were bought 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. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew Ryan Cole acquired 25,000 shares of the stock in a transaction that occurred on Tuesday, January 13th. The shares were bought at an average price of $18.40 per share, with a total value of $460,000.00. Following the completion of the transaction, the chief executive officer owned 38,150 shares in the company, valued at $701,960. This represents a 190.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 61,935 shares of company stock worth $944,387. Company insiders own 2.84% of the company’s stock.

Institutional Trading of Strive

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

About Strive

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.