Strive (NASDAQ:ASST) Director Pierre Rochard Buys 15,900 Shares

Strive, Inc. (NASDAQ:ASST) Director Pierre Rochard bought 15,900 shares of Strive stock in a transaction dated Friday, August 14th. The shares were bought at an average cost of $12.54 per share, with a total value of $199,386.00. Following the completion of the transaction, the director directly owned 15,900 shares in the company, valued at approximately $199,386. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

Strive Stock Down 3.0%

Shares of ASST stock opened at $12.80 on Wednesday. The firm has a market cap of $1.09 billion, a P/E ratio of -1.45 and a beta of 13.20. The company has a 50 day moving average of $12.80 and a 200-day moving average of $12.60. Strive, Inc. has a 12-month low of $7.02 and a 12-month high of $252.00.

Strive (NASDAQ:ASST) last posted its quarterly earnings data on Monday, August 10th. The company reported ($3.65) EPS for the quarter, missing the consensus estimate of ($0.95) by ($2.70). The firm had revenue of $2.94 million during the quarter, compared to analysts’ expectations of $3.02 million. Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. As a group, equities analysts expect that Strive, Inc. will post -9.4 EPS for the current year.

Analysts Set New Price Targets

ASST has been the topic of a number of analyst reports. B. Riley Financial boosted their target price on shares of Strive from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 15th. Weiss Ratings raised Strive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. Benchmark reiterated a “buy” rating on shares of Strive in a research note on Monday, June 15th. Finally, TD Cowen lowered their price target on shares of Strive from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Five equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $27.20.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in ASST. Institute for Wealth Management LLC. purchased a new position in Strive during the fourth quarter worth about $26,000. TRU Independence Asset Management 2 LLC bought a new position in Strive in the 4th quarter worth about $63,000. Atlas Wealth LLC bought a new position in Strive in the 4th quarter worth about $97,000. Pinnacle Associates Ltd. purchased a new stake in shares of Strive in the 4th quarter valued at about $26,000. Finally, Larson Financial Group LLC purchased a new stake in shares of Strive in the 4th quarter valued at about $32,000. Institutional investors own 5.52% of the company’s stock.

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.