Strive (NASDAQ:ASST) Coverage Initiated at B. Riley Financial

Stock analysts at B. Riley Financial initiated coverage on shares of Strive (NASDAQ:ASST) in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage set a “buy” rating and a $12.00 price target on the stock. B. Riley Financial’s price objective suggests a potential upside of 41.01% from the company’s current price.

A number of other research firms also recently commented on ASST. Wall Street Zen upgraded Strive from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings reiterated a “sell (e-)” rating on shares of Strive in a report on Monday, December 29th. Finally, Maxim Group set a $30.00 price objective on shares of Strive and gave the company a “buy” rating in a research note on Wednesday, December 10th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Strive has a consensus rating of “Hold” and an average price target of $21.00.

Strive Stock Performance

Shares of Strive stock opened at $8.51 on Tuesday. Strive has a 1 year low of $7.02 and a 1 year high of $268.40. The company’s fifty day moving average is $13.41 and its two-hundred day moving average is $35.67. The company has a market capitalization of $530.77 million, a P/E ratio of -1.42 and a beta of 17.08.

Insiders Place Their Bets

In other news, CEO Matthew Ryan Cole acquired 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The stock was acquired at an average cost of $18.40 per share, for a total transaction of $460,000.00. Following the completion of the acquisition, the chief executive officer owned 38,150 shares in the company, valued at approximately $701,960. The trade was a 190.11% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Benjamin Pham bought 7,900 shares of the business’s stock in a transaction on Tuesday, February 17th. The shares were purchased at an average cost of $8.23 per share, with a total value of $65,017.00. Following the transaction, the chief financial officer owned 7,900 shares in the company, valued at approximately $65,017. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last ninety days, insiders have acquired 61,935 shares of company stock valued at $944,387. 2.84% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Strive

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