Insider Buying: Strive (NASDAQ:ASST) Director Buys 15,900 Shares of Stock

Strive, Inc. (NASDAQ:ASST) Director Pierre Rochard purchased 15,900 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average price of $12.54 per share, for a total transaction of $199,386.00. Following the purchase, the director owned 15,900 shares in the company, valued at $199,386. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Strive Stock Performance

NASDAQ:ASST opened at $13.20 on Tuesday. The firm has a market cap of $1.13 billion, a P/E ratio of -1.54 and a beta of 13.20. Strive, Inc. has a fifty-two week low of $7.02 and a fifty-two week high of $252.00. The firm has a 50-day simple moving average of $12.82 and a two-hundred day simple moving average of $12.62.

Strive (NASDAQ:ASST) last issued its earnings results on Monday, August 10th. The company reported ($3.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.95) by ($2.70). The firm had revenue of $2.94 million during the quarter, compared to the consensus estimate of $3.02 million. Strive had a negative return on equity of 141.47% and a negative net margin of 10,957.22%. On average, equities research analysts predict that Strive, Inc. will post -9.4 EPS for the current year.

Institutional Trading of Strive

Several large investors have recently added to or reduced their stakes in ASST. Alyeska Investment Group L.P. purchased a new position in shares of Strive during the 3rd quarter worth $84,375,000. Woodline Partners LP bought a new stake in Strive during the third quarter valued at about $31,481,000. Geode Capital Management LLC increased its position in Strive by 939.6% in the fourth quarter. Geode Capital Management LLC now owns 6,755,081 shares of the company’s stock worth $4,988,000 after buying an additional 6,105,295 shares in the last quarter. Alpine Fox Capital LLC purchased a new stake in Strive in the fourth quarter worth about $2,325,000. Finally, State Street Corp raised its stake in shares of Strive by 3,418.4% in the fourth quarter. State Street Corp now owns 2,702,859 shares of the company’s stock worth $1,995,000 after buying an additional 2,626,039 shares during the period. 5.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on ASST. B. Riley Financial boosted their price target on Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. HC Wainwright dropped their price target on shares of Strive from $37.00 to $36.00 and set a “buy” rating on the stock in a report on Tuesday, August 11th. TD Cowen reduced their price target on shares of Strive from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Benchmark reissued a “buy” rating on shares of Strive in a report on Monday, June 15th. Finally, Wall Street Zen upgraded shares of Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $27.20.

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.