Strive Sees Unusually Large Options Volume (NASDAQ:ASST)

Strive, Inc. (NASDAQ:ASST) was the target of some unusual options trading activity on Wednesday. Stock traders acquired 209,050 call options on the company. This represents an increase of 704% compared to the average volume of 25,991 call options.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Zacks Research upgraded shares of Strive to a “hold” rating in a research note on Wednesday, March 11th. HC Wainwright lifted their price target on shares of Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Benchmark reaffirmed a “buy” rating on shares of Strive in a research report on Monday, June 15th. Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Finally, B. Riley Financial raised their price objective on Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Five analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Strive presently has an average rating of “Moderate Buy” and an average target price of $28.00.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ASST. Yorkville Advisors Global LP purchased a new position in shares of Strive in the 3rd quarter valued at about $92,593,000. Anson Funds Management LP grew its holdings in Strive by 4,028.5% in the third quarter. Anson Funds Management LP now owns 35,250,000 shares of the company’s stock valued at $88,125,000 after purchasing an additional 36,147,300 shares during the period. Alyeska Investment Group L.P. purchased a new stake in shares of Strive in the third quarter valued at approximately $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 acquired a new position in shares of Strive during the 3rd quarter worth about $27,778,000. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

Strive Stock Performance

Shares of NASDAQ:ASST traded down $1.32 on Wednesday, hitting $12.62. 2,471,570 shares of the company were exchanged, compared to its average volume of 4,503,035. Strive has a 1-year low of $7.02 and a 1-year high of $252.00. The stock’s 50 day moving average price is $15.80 and its 200 day moving average price is $14.20. 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 firm has a market capitalization of $922.67 million, a P/E ratio of -1.47 and a beta of 13.09.

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

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.