Strive (NASDAQ:ASST) Trading Up 11.1% – Here’s What Happened

Shares of Strive, Inc. (NASDAQ:ASST) traded up 11.1% during trading on Wednesday . The stock traded as high as $7.95 and last traded at $7.9570. 1,202,795 shares traded hands during mid-day trading, a decline of 77% from the average session volume of 5,231,426 shares. The stock had previously closed at $7.16.

Wall Street Analyst Weigh In

ASST has been the topic of several research reports. Maxim Group set a $30.00 price objective on shares of Strive and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Weiss Ratings reissued a “sell (e-)” rating on shares of Strive in a report on Monday, December 29th. Finally, Wall Street Zen raised Strive from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. One research analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $30.00.

Strive Trading Down 3.1%

The stock’s 50 day moving average price is $14.33 and its two-hundred day moving average price is $39.48. The firm has a market capitalization of $495.22 million, a price-to-earnings ratio of -1.32 and a beta of 16.87.

Insider Transactions at Strive

In other news, CFO Benjamin Pham acquired 7,900 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The stock was purchased at an average cost of $8.23 per share, with a total value of $65,017.00. Following the purchase, the chief financial officer directly owned 7,900 shares of the company’s stock, valued at approximately $65,017. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Matthew Ryan Cole acquired 25,000 shares of Strive stock in a transaction that occurred on Tuesday, January 13th. The shares were purchased at an average cost of $18.40 per share, with a total value of $460,000.00. Following the completion of the acquisition, 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. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders acquired 61,935 shares of company stock valued at $944,387. 2.84% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Engineers Gate Manager LP purchased a new stake in shares of Strive in the 2nd quarter worth about $40,000. Two Sigma Investments LP acquired a new position in Strive during the third quarter worth about $27,000. Tower Research Capital LLC TRC lifted its holdings in shares of Strive by 180.4% in the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after purchasing an additional 7,057 shares in the last quarter. Osaic Holdings Inc. acquired a new stake in shares of Strive in the second quarter valued at approximately $41,000. Finally, Verition Fund Management LLC purchased a new position in shares of Strive during the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds 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.