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

Strive, Inc. (NASDAQ:ASST) gapped down prior to trading on Tuesday . The stock had previously closed at $19.73, but opened at $19.04. Strive shares last traded at $20.6490, with a volume of 2,551,815 shares trading hands.

Analyst Upgrades and Downgrades

ASST has been the subject of several research reports. Wall Street Zen raised shares of Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Weiss Ratings raised Strive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. B. Riley Financial boosted their target price on Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a research report on Friday, May 15th. Benchmark reissued a “buy” rating on shares of Strive in a research note on Thursday. Finally, HC Wainwright cut their price target on Strive from $37.00 to $36.00 and set a “buy” rating for the company in a report on Tuesday, August 11th. Five analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $27.20.

Strive Stock Up 11.1%

The stock’s 50 day moving average is $12.95 and its 200-day moving average is $12.66. The company has a market cap of $1.87 billion, a PE ratio of -2.47 and a beta of 13.21.

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

Insider Activity at Strive

In related news, Director Pierre Rochard purchased 15,900 shares of the company’s stock in a transaction that occurred on Friday, August 14th. The stock was bought at an average price of $12.54 per share, for a total transaction of $199,386.00. Following the completion of the transaction, the director owned 15,900 shares in the company, valued at approximately $199,386. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.71% of the company’s stock.

Institutional Investors Weigh In On Strive

Several institutional investors have recently modified their holdings of the stock. Sanctuary Advisors LLC purchased a new position in shares of Strive in the 4th quarter worth approximately $25,000. Valtinson Bruner Financial Planning LLC purchased a new stake in Strive during the 4th quarter valued at $25,000. Pinnacle Associates Ltd. purchased a new stake in Strive during the 4th quarter valued at $26,000. Verdence Capital Advisors LLC bought a new stake in Strive in the fourth quarter worth $26,000. Finally, Two Sigma Investments LP bought a new stake in Strive in the third quarter worth $27,000. 5.52% of the stock is owned by 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.