MMCAP International Inc. SPC Cuts Stock Position in Strive, Inc. $ASST

MMCAP International Inc. SPC lessened its holdings in Strive, Inc. (NASDAQ:ASST) by 97.0% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 563,800 shares of the company’s stock after selling 17,954,719 shares during the period. MMCAP International Inc. SPC’s holdings in Strive were worth $416,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the business. Yorkville Advisors Global LP purchased a new stake in Strive in the 3rd quarter worth $92,593,000. Anson Funds Management LP increased its stake in Strive by 4,028.5% in the 3rd quarter. Anson Funds Management LP now owns 35,250,000 shares of the company’s stock worth $88,125,000 after buying an additional 36,147,300 shares in the last quarter. Alyeska Investment Group L.P. purchased a new stake in Strive in the 3rd quarter worth $84,375,000. Woodline Partners LP purchased a new stake in Strive in the 3rd quarter worth $31,481,000. Finally, Ghisallo Capital Management LLC purchased a new stake in Strive in the 3rd quarter worth $27,778,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

Strive Stock Down 0.6%

Shares of NASDAQ:ASST opened at $18.10 on Wednesday. The company has a current ratio of 11.44, a quick ratio of 11.44 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -2.11 and a beta of 13.46. Strive, Inc. has a 12 month low of $7.02 and a 12 month high of $252.00. The company has a 50-day moving average price of $13.65 and a 200 day moving average price of $15.30.

Strive (NASDAQ:ASST) last announced its quarterly earnings data on Thursday, May 14th. The company reported ($5.19) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.70) by ($2.49). The firm had revenue of $2.76 million during the quarter, compared to the consensus estimate of $2.73 million. Strive had a negative return on equity of 139.10% and a negative net margin of 9,655.92%. As a group, equities research analysts predict that Strive, Inc. will post -4.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. B. Riley Financial raised their price objective on Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 15th. TD Cowen restated a “buy” rating and set a $30.00 price objective (up from $28.00) on shares of Strive in a research report on Monday, May 18th. HC Wainwright raised their price objective on Strive from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Zacks Research raised shares of Strive to a “hold” rating in a report on Wednesday, March 11th. Finally, Wall Street Zen raised shares of Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Four research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Strive has an average rating of “Moderate Buy” and a consensus target price of $27.00.

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.