96,000 Shares in Strive, Inc. $ASST Purchased by J. Derek Lewis & Associates Inc.

J. Derek Lewis & Associates Inc. acquired a new position in shares of Strive, Inc. (NASDAQ:ASST) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 96,000 shares of the company’s stock, valued at approximately $71,000. J. Derek Lewis & Associates Inc. owned 0.14% of Strive at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Tower Research Capital LLC TRC lifted its position 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 purchasing an additional 7,057 shares in the last quarter. Engineers Gate Manager LP purchased a new position in Strive during the second quarter valued at approximately $40,000. Two Sigma Investments LP purchased a new position in Strive during the third quarter valued at approximately $27,000. Osaic Holdings Inc. acquired a new position in Strive in the 2nd quarter valued at approximately $41,000. Finally, Verition Fund Management LLC acquired a new position in Strive in the 3rd quarter valued at approximately $28,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

Strive Stock Performance

ASST opened at $14.85 on Monday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 11.44 and a current ratio of 11.44. The company has a market cap of $1.09 billion, a PE ratio of -1.73 and a beta of 13.11. The stock has a 50-day moving average of $15.63 and a 200-day moving average of $14.29. Strive, Inc. has a 52-week low of $7.02 and a 52-week high of $252.00.

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

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on ASST shares. Benchmark reissued a “buy” rating on shares of Strive in a research note on Monday, June 15th. B. Riley Financial increased 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. Maxim Group cut their price objective on Strive from $30.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 23rd. HC Wainwright lifted their price objective on Strive from $36.00 to $38.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Finally, Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $28.00.

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.