Investors Purchase Large Volume of Call Options on Strive (NASDAQ:ASST)

Strive, Inc. (NASDAQ:ASST) was the recipient of some unusual options trading on Monday. Traders bought 215,461 call options on the stock. This is an increase of approximately 47% compared to the average daily volume of 146,078 call options.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on the stock. Weiss Ratings reiterated a “sell (e-)” rating on shares of Strive in a research note on Monday, December 29th. Wall Street Zen upgraded shares of Strive from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, Maxim Group set a $1.50 target price on shares of Strive and gave the company a “buy” rating in a research report on Wednesday, December 10th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, Strive currently has an average rating of “Hold” and an average price target of $1.50.

Insider Activity at Strive

In other news, CEO Matthew Ryan Cole acquired 248,999 shares of the stock in a transaction dated Monday, December 15th. The shares were acquired at an average cost of $0.80 per share, for a total transaction of $199,199.20. Following the completion of the transaction, the chief executive officer owned 366,709 shares in the company, valued at approximately $293,367.20. This trade represents a 211.54% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Corporate insiders own 56.47% of the company’s stock.

Hedge Funds Weigh In On Strive

Several institutional investors have recently bought and sold shares of the business. McElhenny Sheffield Capital Management LLC acquired a new position in Strive in the second quarter worth $39,000. Engineers Gate Manager LP acquired a new position in Strive during the 2nd quarter worth about $40,000. Two Sigma Investments LP bought a new stake in Strive during the 3rd quarter worth about $27,000. Ground Swell Capital LLC acquired a new stake in Strive in the 2nd quarter valued at about $40,000. Finally, Tower Research Capital LLC TRC raised its stake in shares of Strive by 180.4% in the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock worth $41,000 after acquiring an additional 7,057 shares during the last quarter. Institutional investors own 5.52% of the company’s stock.

Strive Stock Performance

Shares of NASDAQ ASST opened at $1.04 on Wednesday. Strive has a 52-week low of $0.39 and a 52-week high of $13.42. The business has a fifty day moving average of $1.04 and a two-hundred day moving average of $2.98. The stock has a market cap of $848.10 million, a PE ratio of -3.47 and a beta of 16.86.

Strive (NASDAQ:ASST) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. The company had revenue of $1.54 million for the quarter.

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.