Strive (NASDAQ:ASST) Trading Up 8.8% – Still a Buy?

Shares of Strive, Inc. (NASDAQ:ASST) traded up 8.8% on Thursday . The stock traded as high as $0.8844 and last traded at $0.8930. 12,977,001 shares traded hands during trading, a decline of 63% from the average session volume of 34,631,371 shares. The stock had previously closed at $0.8208.

Analyst Upgrades and Downgrades

ASST has been the subject of a number of recent analyst reports. Weiss Ratings reiterated a “sell (e-)” rating on shares of Strive in a research report on Monday. Wall Street Zen upgraded shares of Strive from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, Maxim Group set a $1.50 price target on shares of Strive and gave the company a “buy” rating in a research report on Wednesday, December 10th. One equities research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $1.50.

Strive Stock Performance

The stock has a market cap of $732.71 million, a PE ratio of -3.00 and a beta of 16.72. The business has a 50-day moving average of $1.08 and a 200 day moving average of $3.45.

Strive (NASDAQ:ASST) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.22) EPS for the quarter. The business had revenue of $1.54 million during the quarter.

Insider Transactions at Strive

In other Strive news, CEO Matthew Ryan Cole bought 248,999 shares of the business’s stock in a transaction on Monday, December 15th. The shares were purchased at an average price of $0.80 per share, with a total value of $199,199.20. Following the purchase, the chief executive officer directly owned 366,709 shares of the company’s stock, valued at approximately $293,367.20. The trade was a 211.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 56.47% of the stock is owned by insiders.

Institutional Investors Weigh In On Strive

Hedge funds have recently modified their holdings of the stock. Yorkville Advisors Global LP purchased a new position in Strive during the third quarter valued at approximately $92,593,000. Anson Funds Management LP grew its stake in shares of Strive by 4,028.5% in the third quarter. Anson Funds Management LP now owns 35,250,000 shares of the company’s stock worth $88,125,000 after acquiring an additional 36,147,300 shares during the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Strive in the third quarter valued at about $84,375,000. MMCAP International Inc. SPC bought a new stake in shares of Strive during the third quarter valued at approximately $46,296,000. Finally, Woodline Partners LP acquired a new stake in shares of Strive during the 3rd quarter valued at about $31,481,000. 5.52% of the stock is owned by hedge funds and other institutional investors.

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.