Strive (NASDAQ:ASST) Sees Unusually-High Trading Volume – Still a Buy?

Shares of Strive, Inc. (NASDAQ:ASST) saw unusually-strong trading volume on Thursday . 3,899,962 shares traded hands during trading, a decline of 13% from the previous session’s volume of 4,467,786 shares.The stock last traded at $23.9910 and had previously closed at $21.50.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on ASST. HC Wainwright decreased their price objective on shares of Strive from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Weiss Ratings raised Strive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Benchmark restated a “buy” rating on shares of Strive in a research report on Thursday, August 20th. TD Cowen decreased their price target on Strive from $32.00 to $28.00 and set a “buy” rating for the company in a research note on Wednesday, July 22nd. Finally, Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $27.20.

Strive Stock Up 10.0%

The stock has a market capitalization of $2.02 billion, a P/E ratio of -2.67 and a beta of 13.21. The firm’s 50-day simple moving average is $13.19 and its 200 day simple moving average is $12.81.

Strive (NASDAQ:ASST) last posted its quarterly earnings data on Monday, August 10th. The company reported ($3.65) earnings per share for the quarter, missing the consensus estimate of ($0.95) by ($2.70). The business had revenue of $2.94 million for the quarter, compared to the consensus estimate of $3.02 million. Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. As a group, equities analysts anticipate that Strive, Inc. will post -9.4 EPS for the current fiscal year.

Insider Buying and Selling

In other Strive news, Director Pierre Rochard bought 15,900 shares of Strive stock in a transaction that occurred on Friday, August 14th. The stock was purchased at an average cost of $12.54 per share, for a total transaction of $199,386.00. Following the completion of the acquisition, the director owned 15,900 shares of the company’s stock, valued at approximately $199,386. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.71% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. California State Teachers Retirement System bought a new stake in shares of Strive during the 2nd quarter worth $87,000. Ameritas Advisory Services LLC acquired a new stake in shares of Strive during the second quarter worth $516,000. AXQ Capital LP purchased a new stake in shares of Strive during the second quarter valued at $110,000. Formidable Asset Management LLC purchased a new stake in shares of Strive during the first quarter valued at $113,000. Finally, J. Derek Lewis & Associates Inc. acquired a new position in shares of Strive in the 4th quarter valued at $71,000. Institutional investors own 5.52% of the company’s stock.

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.