42,835 Shares in Strive, Inc. $ASST Purchased by Larson Financial Group LLC

Larson Financial Group LLC bought a new position in shares of Strive, Inc. (NASDAQ:ASST) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 42,835 shares of the company’s stock, valued at approximately $32,000.

Several other large investors have also recently added to or reduced their stakes in ASST. Yorkville Advisors Global LP purchased a new position in Strive during the third quarter worth about $92,593,000. Anson Funds Management LP lifted its position in Strive by 4,028.5% during the third quarter. Anson Funds Management LP now owns 35,250,000 shares of the company’s stock worth $88,125,000 after buying an additional 36,147,300 shares during the period. Alyeska Investment Group L.P. purchased a new position in Strive during the third quarter worth about $84,375,000. MMCAP International Inc. SPC purchased a new position in Strive during the third quarter worth about $46,296,000. Finally, Woodline Partners LP purchased a new position in shares of Strive in the 3rd quarter worth about $31,481,000. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

Strive Stock Performance

Strive stock opened at $18.10 on Wednesday. The stock’s 50-day moving average is $13.65 and its 200-day moving average is $15.30. The company has a market cap of $1.32 billion, a price-to-earnings ratio of -2.11 and a beta of 13.46. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.44 and a quick ratio of 11.44. Strive, Inc. has a 12 month low of $7.02 and a 12 month high of $252.00.

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

Analyst Ratings Changes

A number of equities analysts have recently commented on ASST shares. Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Zacks Research upgraded Strive to a “hold” rating in a report on Wednesday, March 11th. HC Wainwright raised their price objective on Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, May 15th. B. Riley Financial raised their price objective on Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Finally, TD Cowen restated a “buy” rating and issued a $30.00 price objective (up from $28.00) on shares of Strive in a report on Monday, May 18th. Four 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 stock. According to data from MarketBeat.com, Strive currently has an average rating of “Moderate Buy” and an average price target of $27.00.

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.