Strive (NASDAQ:ASST) Trading Up 12% – Should You Buy?

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

Analysts Set New Price Targets

A number of analysts recently weighed in on ASST shares. Zacks Research upgraded Strive to a “hold” rating in a report on Wednesday, March 11th. Maxim Group set a $30.00 target price on Strive and gave the company a “buy” rating in a research report on Wednesday, December 10th. Weiss Ratings restated a “sell (e-)” rating on shares of Strive in a research note on Monday, December 29th. B. Riley Financial assumed coverage on shares of Strive in a report on Tuesday, March 10th. They set a “buy” rating and a $12.00 price objective for the company. Finally, Wall Street Zen raised Strive from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. One equities research 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 given a Sell rating to the company. According to data from MarketBeat, Strive presently has an average rating of “Moderate Buy” and a consensus target price of $21.00.

Strive Stock Up 9.6%

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

Insider Activity

In other news, CEO Matthew Ryan Cole acquired 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The stock was bought at an average cost of $18.40 per share, for a total transaction of $460,000.00. Following the acquisition, the chief executive officer directly 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 acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Benjamin Pham bought 7,900 shares of the firm’s stock in a transaction on Tuesday, February 17th. The stock was acquired 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 $65,017. The trade was a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last quarter, insiders purchased 39,114 shares of company stock valued at $575,102. 2.84% of the stock is owned by company insiders.

Institutional Investors Weigh In On Strive

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its position in shares of Strive by 180.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after buying an additional 7,057 shares in the last quarter. Engineers Gate Manager LP bought a new position in Strive during the second quarter valued at approximately $40,000. Two Sigma Investments LP bought a new position in Strive during the third quarter valued at $27,000. Osaic Holdings Inc. purchased a new position in Strive in the second quarter worth about $41,000. Finally, Verition Fund Management LLC bought a new position in shares of Strive during the 3rd quarter valued at approximately $28,000. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

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.