Strive (NASDAQ:ASST) Shares Up 12% – Still a Buy?

Shares of Strive, Inc. (NASDAQ:ASST) shot up 12% during trading on Monday . The stock traded as high as $11.11 and last traded at $10.67. 1,695,699 shares traded hands during mid-day trading, a decline of 65% from the average session volume of 4,877,506 shares. The stock had previously closed at $9.53.

Wall Street Analyst Weigh In

Several research analysts recently commented on the stock. Wall Street Zen upgraded shares of Strive from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Zacks Research upgraded Strive to a “hold” rating in a research note on Wednesday, March 11th. B. Riley Financial started coverage on shares of Strive in a research report on Tuesday, March 10th. They issued a “buy” rating and a $12.00 target price for the company. Maxim Group set a $30.00 price target on Strive and gave the company a “buy” rating in a research report on Wednesday, December 10th. Finally, Weiss Ratings restated a “sell (e-)” rating on shares of Strive in a research note on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $21.00.

Strive Stock Up 9.6%

The stock has a market capitalization of $651.21 million, a PE ratio of -1.75 and a beta of 17.08. The stock’s 50-day moving average is $12.91 and its 200 day moving average is $33.01.

Insider Activity at Strive

In other news, CFO Benjamin Pham acquired 6,214 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The stock was acquired at an average cost of $8.06 per share, with a total value of $50,084.84. Following the acquisition, the chief financial officer owned 6,214 shares in the company, valued at approximately $50,084.84. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Matthew Ryan Cole acquired 25,000 shares of the stock in a transaction dated Tuesday, January 13th. The stock was bought at an average price of $18.40 per share, for a total transaction of $460,000.00. Following the purchase, the chief executive officer owned 38,150 shares of the company’s stock, valued at $701,960. The trade was a 190.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last 90 days, insiders purchased 39,114 shares of company stock valued at $575,102. Corporate insiders own 2.84% of the company’s stock.

Institutional Trading of Strive

Hedge funds and other institutional investors have recently made changes to their positions in the business. Yorkville Advisors Global LP bought a new stake in shares of Strive in the 3rd quarter valued at about $92,593,000. Anson Funds Management LP increased its stake 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 worth $88,125,000 after purchasing an additional 36,147,300 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in Strive in the third quarter valued at approximately $84,375,000. MMCAP International Inc. SPC acquired a new position in shares of Strive in the third quarter valued at $46,296,000. Finally, Woodline Partners LP acquired a new position in Strive in the 3rd quarter valued at $31,481,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.

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.