Strive Sees Unusually Large Options Volume (NASDAQ:ASST)

Strive, Inc. (NASDAQ:ASST) was the recipient of unusually large options trading on Tuesday. Stock traders acquired 80,567 call options on the stock. This represents an increase of 181% compared to the average volume of 28,677 call options.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ASST. HC Wainwright increased their price objective on shares of Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Wall Street Zen upgraded shares of Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. B. Riley Financial upped their price target on shares of Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Benchmark reaffirmed a “buy” rating on shares of Strive in a research note on Monday, June 15th. Finally, Weiss Ratings raised shares of Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 14th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.60.

Strive Stock Performance

Strive stock opened at $12.67 on Thursday. The company has a market cap of $925.92 million, a price-to-earnings ratio of -1.47 and a beta of 13.22. Strive has a 12 month low of $7.02 and a 12 month high of $252.00. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.44 and a quick ratio of 11.44. The stock’s 50-day moving average is $14.48 and its 200-day moving average is $13.47.

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

Hedge Funds Weigh In On Strive

A number of hedge funds have recently made changes to their positions in ASST. Sanctuary Advisors LLC purchased a new stake in Strive during the 4th quarter worth $25,000. Valtinson Bruner Financial Planning LLC purchased a new position in Strive in the fourth quarter valued at about $25,000. Pinnacle Associates Ltd. acquired a new position in shares of Strive during the fourth quarter worth about $26,000. Verdence Capital Advisors LLC acquired a new position in shares of Strive during the fourth quarter worth about $26,000. Finally, Institute for Wealth Management LLC. acquired a new position in shares of Strive during the fourth quarter worth about $26,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

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.