Strive (NASDAQ:ASST) Shares Gap Up – Still a Buy?

Strive, Inc. (NASDAQ:ASST) gapped up before the market opened on Wednesday . The stock had previously closed at $15.31, but opened at $16.38. Strive shares last traded at $17.25, with a volume of 1,785,886 shares changing hands.

Trending Headlines about Strive

Here are the key news stories impacting Strive this week:

• Positive Sentiment: HC Wainwright initiated coverage with a “Buy” and a $36 price target (roughly 122% above current levels) — the analyst also published bullish multi‑quarter and multi‑year EPS forecasts that imply substantial upside if achieved. HC Wainwright initiates coverage
• Positive Sentiment: Unusually large call-option activity: ~231,027 calls traded (≈275% above typical volume), indicating speculative bullish positioning and potential short-term upside pressure as traders position for upside.
• Positive Sentiment: Crypto tailwind — Bitcoin reclaiming $75k is being cited as supportive for DAT stocks including Strive, which can benefit from a rising crypto market and improved mark‑to‑market on treasury holdings. 2 Crypto Stocks Flashing Bullish Signals as Bitcoin Tops $75,000
• Neutral Sentiment: HC Wainwright published detailed quarter-by-quarter EPS projections (very wide swings across quarters and years). These provide a roadmap for upside but also indicate forecast volatility and execution risk if the company misses.
• Neutral Sentiment: Coverage and media mentions are increasing (MSN and other outlets highlighted the buy rating and reported institutional holders such as Fidelity and Capital Group as top owners), which raises visibility but is not an immediate earnings catalyst. ASST stock edges up after ‘buy’ rating
• Negative Sentiment: Fundamental/volatility concerns persist: prior quarterly results showed negative EPS and extreme negative margins, consensus full‑year EPS remains negative (~-$0.63), and the stock’s very high beta implies large intraday swings — factors that can drive selling or profit‑taking despite positive headlines.

Analysts Set New Price Targets

Several equities analysts recently weighed in on ASST shares. Wall Street Zen downgraded Strive from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. B. Riley Financial assumed coverage on Strive in a report on Tuesday, March 10th. They set a “buy” rating and a $12.00 price target on the stock. Maxim Group decreased their price target on Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. HC Wainwright assumed coverage on Strive in a report on Tuesday. They set a “buy” rating and a $36.00 price target on the stock. Finally, TD Cowen assumed coverage on Strive in a report on Friday, April 10th. They set a “buy” rating and a $26.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, Strive presently has an average rating of “Moderate Buy” and an average target price of $23.50.

Strive Stock Performance

The company has a fifty day moving average of $10.23 and a two-hundred day moving average of $16.84. The company has a market cap of $1.12 billion, a PE ratio of -2.70 and a beta of 15.29.

Strive (NASDAQ:ASST) last released its quarterly earnings results on Saturday, January 31st. The company reported ($4.73) earnings per share for the quarter. Strive had a negative net margin of 7,335.00% and a negative return on equity of 122.88%. On average, equities analysts forecast that Strive, Inc. will post -0.63 EPS for the current year.

Insiders Place Their Bets

In related news, CFO Benjamin Pham purchased 6,214 shares of the firm’s stock in a transaction that occurred on Wednesday, February 18th. The shares were bought at an average price of $8.06 per share, for a total transaction of $50,084.84. Following the acquisition, the chief financial officer owned 6,214 shares of the company’s stock, valued at approximately $50,084.84. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.71% of the company’s stock.

Institutional Trading of Strive

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Yorkville Advisors Global LP purchased a new position in shares of Strive during the third quarter valued at approximately $92,593,000. Ghisallo Capital Management LLC purchased a new position in shares of Strive during the third quarter valued at approximately $27,778,000. Thompson Davis & CO. Inc. purchased a new position in shares of Strive during the fourth quarter valued at approximately $74,000. MMCAP International Inc. SPC purchased a new position in shares of Strive during the third quarter valued at approximately $46,296,000. Finally, Alpine Associates Management Inc. purchased a new position in shares of Strive during the third quarter valued at approximately $717,000. 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.