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

Strive, Inc. (NASDAQ:ASST) was the recipient of some unusual options trading on Wednesday. Traders bought 55,751 call options on the stock. This represents an increase of 59% compared to the average daily volume of 35,149 call options.

Wall Street Analyst Weigh In

Several equities analysts have commented on ASST shares. HC Wainwright increased their target price on Strive from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. TD Cowen reiterated a “buy” rating and issued a $30.00 target price (up from $28.00) on shares of Strive in a research report on Monday, May 18th. Zacks Research upgraded Strive to a “hold” rating in a research report on Wednesday, March 11th. Finally, Maxim Group dropped their target price on Strive from $30.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $28.00.

Institutional Investors Weigh In On Strive

Several institutional investors and hedge funds have recently made changes to their positions in ASST. Sanctuary Advisors LLC acquired a new stake in shares of Strive in the fourth quarter valued at about $25,000. Valtinson Bruner Financial Planning LLC acquired a new stake in Strive during the fourth quarter worth approximately $25,000. Institute for Wealth Management LLC. acquired a new stake in Strive during the fourth quarter worth approximately $26,000. Verdence Capital Advisors LLC acquired a new stake in Strive during the fourth quarter worth approximately $26,000. Finally, Pinnacle Associates Ltd. acquired a new stake in Strive during the fourth quarter worth approximately $26,000. Institutional investors and hedge funds own 5.52% of the company’s stock.

Strive Trading Down 8.6%

Shares of ASST stock opened at $14.74 on Thursday. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of -1.72 and a beta of 13.09. The stock has a 50-day moving average of $14.42 and a 200-day moving average of $14.85. The company has a current ratio of 11.44, a quick ratio of 11.44 and a debt-to-equity ratio of 0.01. Strive has a 1-year low of $7.02 and a 1-year high of $252.00.

Strive (NASDAQ:ASST) last issued its quarterly earnings results on Thursday, May 14th. The company reported ($5.19) earnings per share for the quarter, missing the consensus estimate of ($2.70) by ($2.49). The company had revenue of $2.76 million during the quarter, compared to analyst estimates of $2.73 million. Strive had a negative net margin of 9,655.92% and a negative return on equity of 139.10%. On average, equities research analysts forecast that Strive will post -4.11 earnings per share for the current year.

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.