Strive Target of Unusually High Options Trading (NASDAQ:ASST)

Strive, Inc. (NASDAQ:ASST) saw some unusual options trading on Tuesday. Traders purchased 80,567 call options on the company. This is an increase of approximately 181% compared to the average volume of 28,677 call options.

Strive Stock Up 3.7%

ASST stock traded up $0.45 during trading on Tuesday, hitting $12.79. 2,370,698 shares of the company’s stock were exchanged, compared to its average volume of 4,420,262. The business has a 50-day moving average price of $14.65 and a two-hundred day moving average price of $13.50. The stock has a market capitalization of $934.91 million, a price-to-earnings ratio of -1.49 and a beta of 13.22. Strive has a 52-week low of $7.02 and a 52-week high of $252.00. 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 (NASDAQ:ASST) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($5.19) EPS 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 analysts’ expectations 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 expect that Strive will post -4.11 EPS for the current year.

Analysts Set New Price Targets

A number of analysts recently weighed in on the stock. HC Wainwright upped their target price on shares of Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. B. Riley Financial lifted their price target on shares of Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a research note 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. TD Cowen restated a “buy” rating and issued a $30.00 price objective (up from $28.00) on shares of Strive in a report on Monday, May 18th. Finally, Maxim Group lowered their target price on shares of Strive from $30.00 to $20.00 and set a “buy” rating for the company in a research note on Monday, March 23rd. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $28.00.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its stake in Strive by 180.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock worth $41,000 after acquiring an additional 7,057 shares in the last quarter. Engineers Gate Manager LP purchased a new stake in Strive in the second quarter valued at $40,000. Two Sigma Investments LP acquired a new position in Strive in the third quarter valued at $27,000. Osaic Holdings Inc. purchased a new position in shares of Strive during the second quarter worth about $41,000. Finally, Formidable Asset Management LLC purchased a new position in shares of Strive during the first quarter worth about $113,000. 5.52% of the stock is owned by hedge funds and other institutional investors.

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.