Strive (NASDAQ:ASST) Shares Gap Up – Time to Buy?

Shares of Strive, Inc. (NASDAQ:ASST) gapped up before the market opened on Tuesday . The stock had previously closed at $11.58, but opened at $12.22. Strive shares last traded at $12.9850, with a volume of 1,761,884 shares traded.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on the stock. Maxim Group lowered their price objective on shares of Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Weiss Ratings reiterated a “sell (e-)” rating on shares of Strive in a research note on Monday, December 29th. Wall Street Zen downgraded shares of Strive from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. TD Cowen started coverage on shares of Strive in a research report on Friday, April 10th. They issued a “buy” rating and a $26.00 price target on the stock. Finally, Zacks Research upgraded shares of Strive to a “hold” rating in a research note on Wednesday, March 11th. Two investment analysts have rated the stock with a Strong Buy rating, one has issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Strive currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.33.

Strive Trading Up 8.8%

The stock has a fifty day moving average price of $9.50 and a 200-day moving average price of $18.06. The firm has a market capitalization of $935.72 million, a price-to-earnings ratio of -2.26 and a beta of 15.29.

Strive (NASDAQ:ASST) last issued its earnings results on Saturday, January 31st. The company reported ($4.73) EPS for the quarter. Strive had a negative net margin of 7,335.00% and a negative return on equity of 122.88%.

Insider Buying and Selling

In other Strive news, CFO Benjamin Pham bought 7,900 shares of the firm’s stock in a transaction dated Tuesday, February 17th. The shares were bought at an average price of $8.23 per share, for a total transaction of $65,017.00. Following the completion of the acquisition, the chief financial officer owned 7,900 shares of the company’s stock, valued at approximately $65,017. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Corporate insiders own 2.71% of the company’s stock.

Hedge Funds Weigh In On Strive

Large investors have recently modified their holdings of the stock. J. Derek Lewis & Associates Inc. bought a new position in Strive in the 4th quarter worth approximately $71,000. Corient Private Wealth LLC bought a new stake in shares of Strive during the fourth quarter worth $388,000. TRU Independence Asset Management 2 LLC acquired a new position in shares of Strive during the fourth quarter valued at $63,000. Kera Capital Partners Inc. bought a new position in Strive in the fourth quarter valued at about $36,000. Finally, Virtu Financial LLC bought a new position in Strive in the fourth quarter valued at about $76,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.

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.