FNY Investment Advisers LLC Acquires 159,965 Shares of Strive, Inc. $ASST

FNY Investment Advisers LLC lifted its holdings in shares of Strive, Inc. (NASDAQ:ASST) by 457,042.9% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 160,000 shares of the company’s stock after acquiring an additional 159,965 shares during the period. FNY Investment Advisers LLC’s holdings in Strive were worth $118,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Two Sigma Investments LP bought a new position in Strive in the third quarter valued at about $27,000. Verition Fund Management LLC bought a new position in shares of Strive in the third quarter worth about $28,000. Dynamic Advisor Solutions LLC bought a new position in shares of Strive in the fourth quarter worth about $31,000. Gruss & Co. LLC acquired a new stake in shares of Strive in the 3rd quarter valued at approximately $38,000. Finally, Engineers Gate Manager LP acquired a new stake in shares of Strive in the 2nd quarter valued at approximately $40,000. 5.52% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms recently issued reports on ASST. Weiss Ratings reiterated a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. Wall Street Zen lowered shares of Strive from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Maxim Group decreased their target price on shares of Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. B. Riley Financial initiated coverage on shares of Strive in a report on Tuesday, March 10th. They set a “buy” rating and a $12.00 price target for the company. Finally, Zacks Research upgraded Strive to a “hold” rating in a research note on Wednesday, March 11th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $16.00.

Strive Stock Performance

NASDAQ:ASST opened at $9.75 on Friday. The stock has a market cap of $674.31 million, a P/E ratio of -1.63 and a beta of 15.29. The stock’s 50-day moving average is $10.16 and its 200-day moving average is $21.29. Strive, Inc. has a 1-year low of $7.02 and a 1-year high of $268.40.

Strive (NASDAQ:ASST) last released its quarterly earnings data on Saturday, January 31st. The company reported ($4.73) earnings per share (EPS) for the quarter. Strive had a negative net margin of 7,335.00% and a negative return on equity of 122.88%.

Insider Buying and Selling

In other Strive news, CFO Benjamin Pham purchased 6,214 shares of the firm’s stock in a transaction on Wednesday, February 18th. The stock was purchased at an average cost of $8.06 per share, for a total transaction of $50,084.84. Following the transaction, the chief financial officer owned 6,214 shares in the company, valued at $50,084.84. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Matthew Ryan Cole purchased 25,000 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were acquired at an average cost of $18.40 per share, with a total value of $460,000.00. Following the purchase, the chief executive officer directly owned 38,150 shares of the company’s stock, valued at approximately $701,960. The trade was a 190.11% increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have acquired a total of 39,114 shares of company stock worth $575,102 over the last three months. Insiders own 2.71% of the company’s stock.

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.