Strive (NASDAQ:ASST) Stock Price Up 5.7% – Still a Buy?

Strive, Inc. (NASDAQ:ASST)’s share price traded up 5.7% on Wednesday . The company traded as high as $0.8450 and last traded at $0.8510. 17,109,393 shares changed hands during trading, a decline of 51% from the average session volume of 35,057,965 shares. The stock had previously closed at $0.8054.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ASST. Wall Street Zen raised Strive from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Maxim Group set a $1.50 price objective on Strive and gave the stock a “buy” rating in a report on Wednesday, December 10th. Finally, Weiss Ratings reissued a “sell (e-)” rating on shares of Strive in a report on Monday. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $1.50.

Strive Trading Up 7.5%

The company has a market capitalization of $706.21 million, a PE ratio of -2.88 and a beta of 16.72. The firm’s 50-day simple moving average is $1.08 and its 200-day simple moving average is $3.32.

Strive (NASDAQ:ASST) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.22) earnings per share for the quarter. The firm had revenue of $1.54 million for the quarter.

Insider Buying and Selling at Strive

In other news, CEO Matthew Ryan Cole purchased 248,999 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were acquired at an average price of $0.80 per share, with a total value of $199,199.20. Following the transaction, the chief executive officer owned 366,709 shares of the company’s stock, valued at $293,367.20. This represents a 211.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 56.47% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Yorkville Advisors Global LP purchased a new stake in shares of Strive in the 3rd quarter worth approximately $92,593,000. Woodline Partners LP bought a new position in Strive in the third quarter worth approximately $31,481,000. Alyeska Investment Group L.P. bought a new position in Strive in the third quarter worth approximately $84,375,000. Verition Fund Management LLC purchased a new stake in Strive during the third quarter worth $28,000. Finally, Nomura Holdings Inc. bought a new stake in Strive during the 3rd quarter valued at $200,000. Hedge funds and other institutional investors own 5.52% 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.