Strive (NASDAQ:ASST) Shares Up 8.1% – Still a Buy?

Strive, Inc. (NASDAQ:ASST)’s stock price traded up 8.1% on Friday . The company traded as high as $8.29 and last traded at $8.3210. 655,477 shares were traded during trading, a decline of 89% from the average session volume of 5,730,918 shares. The stock had previously closed at $7.70.

Analyst Ratings Changes

ASST has been the topic of a number of recent research reports. Wall Street Zen upgraded shares of Strive from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. Finally, Maxim Group set a $30.00 price target on shares of Strive and gave the stock a “buy” rating in a research report on Wednesday, December 10th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $30.00.

Strive Stock Performance

The firm has a fifty day moving average price of $16.33 and a 200 day moving average price of $43.53. The company has a market cap of $519.35 million, a price-to-earnings ratio of -1.39 and a beta of 16.87.

Strive (NASDAQ:ASST) last issued its earnings results on Friday, November 14th. The company reported ($4.40) earnings per share for the quarter. The company had revenue of $1.54 million for the quarter.

Insider Transactions at Strive

In other Strive news, CEO Matthew Ryan Cole purchased 25,000 shares of the stock in a transaction on Tuesday, January 13th. The shares were purchased at an average price of $18.40 per share, with a total value of $460,000.00. Following the completion of the transaction, the chief executive officer directly owned 38,150 shares in the company, valued at $701,960. This represents a 190.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders have bought 47,821 shares of company stock valued at $829,285. Company insiders own 2.84% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in ASST. Hudson Bay Capital Management LP bought a new position in Strive in the 2nd quarter valued at about $27,778,000. Alpine Associates Management Inc. acquired a new position in shares of Strive in the third quarter valued at approximately $717,000. Lauer Wealth LLC acquired a new position in shares of Strive in the fourth quarter valued at approximately $74,000. Dynamic Advisor Solutions LLC bought a new position in shares of Strive during the fourth quarter worth approximately $31,000. Finally, Yorkville Advisors Global LP acquired a new stake in Strive during the 3rd quarter worth approximately $92,593,000. 5.52% of the stock is currently owned by institutional investors.

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.