Strive (NASDAQ:ASST) Shares Gap Up – What’s Next?

Strive, Inc. (NASDAQ:ASST) shares gapped up before the market opened on Monday . The stock had previously closed at $0.8646, but opened at $0.9442. Strive shares last traded at $0.9780, with a volume of 50,715,342 shares changing hands.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on ASST. Maxim Group set a $1.50 target price on Strive and gave the company a “buy” rating in a research report on Wednesday, December 10th. Wall Street Zen upgraded Strive from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Finally, Weiss Ratings restated a “sell (e-)” rating on shares of Strive in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, Strive has an average rating of “Hold” and an average target price of $1.50.

Strive Stock Performance

The firm has a market cap of $812.22 million, a PE ratio of -3.31 and a beta of 16.86. The company has a 50 day simple moving average of $1.06 and a two-hundred day simple moving average of $3.04.

Strive (NASDAQ:ASST) last released its earnings results on Friday, November 14th. The company reported ($0.22) EPS for the quarter. The company had revenue of $1.54 million during the quarter.

Insider Activity at Strive

In other Strive news, CEO Matthew Ryan Cole acquired 248,999 shares of the company’s stock in a transaction dated Monday, December 15th. The shares were acquired at an average cost of $0.80 per share, with a total value of $199,199.20. Following the acquisition, the chief executive officer directly owned 366,709 shares of the company’s stock, valued at approximately $293,367.20. The trade was a 211.54% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this link. 56.47% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC raised its stake in shares of Strive by 180.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after buying an additional 7,057 shares during the last quarter. McElhenny Sheffield Capital Management LLC acquired a new stake in Strive during the second quarter worth about $39,000. 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. Finally, Ground Swell Capital LLC acquired a new position in Strive in the second quarter valued at approximately $40,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.

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.