Maxim Group Issues Pessimistic Forecast for Strive (NASDAQ:ASST) Stock Price

Strive (NASDAQ:ASST) had its target price lowered by equities research analysts at Maxim Group from $30.00 to $20.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. Maxim Group’s price target points to a potential upside of 100.30% from the company’s previous close.

ASST has been the topic of several other research reports. Wall Street Zen downgraded shares of Strive from a “hold” rating to a “sell” rating in a research note on Saturday. Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. Zacks Research raised Strive to a “hold” rating in a research note on Wednesday, March 11th. Finally, B. Riley Financial assumed coverage on Strive in a report on Tuesday, March 10th. They issued a “buy” rating and a $12.00 price objective for the company. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Strive currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Strive Stock Performance

Shares of ASST traded down $0.04 during mid-day trading on Monday, hitting $9.99. 1,625,001 shares of the stock were exchanged, compared to its average volume of 4,860,239. The company has a market cap of $666.80 million, a PE ratio of -1.66 and a beta of 17.08. The firm has a 50-day moving average of $11.94 and a two-hundred day moving average of $28.88. Strive has a 52-week low of $7.02 and a 52-week high of $268.40.

Strive (NASDAQ:ASST) last announced its earnings results on Saturday, January 31st. The company reported ($4.73) earnings per share (EPS) for the quarter. Strive had a negative net margin of 7,335.00% and a negative return on equity of 122.88%.

Insider Activity at Strive

In related news, CFO Benjamin Pham acquired 6,214 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were purchased at an average cost of $8.06 per share, with a total value of $50,084.84. Following the completion of the acquisition, the chief financial officer directly owned 6,214 shares of the company’s stock, valued at $50,084.84. This represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Matthew Ryan Cole bought 25,000 shares of Strive stock in a transaction that occurred on Tuesday, January 13th. The stock was purchased at an average price of $18.40 per share, with a total value of $460,000.00. Following the purchase, the chief executive officer directly owned 38,150 shares in the company, valued at $701,960. The trade was a 190.11% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last three months, insiders have acquired 39,114 shares of company stock worth $575,102. 2.71% of the stock is owned by insiders.

Institutional Investors Weigh In On Strive

Several hedge funds have recently added to or reduced their stakes in the business. Sanctuary Advisors LLC purchased a new position in Strive during the fourth quarter valued at approximately $25,000. Valtinson Bruner Financial Planning LLC acquired a new stake in shares of Strive during the 4th quarter worth approximately $25,000. Institute for Wealth Management LLC. purchased a new position in shares of Strive during the 4th quarter valued at approximately $26,000. Verdence Capital Advisors LLC purchased a new position in shares of Strive during the 4th quarter valued at approximately $26,000. Finally, Pinnacle Associates Ltd. acquired a new position in shares of Strive in the 4th quarter valued at $26,000. 5.52% of the stock is 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.