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

Shares of Strive, Inc. (NASDAQ:ASST) gapped up before the market opened on Wednesday . The stock had previously closed at $15.31, but opened at $16.38. Strive shares last traded at $17.25, with a volume of 1,785,886 shares changing hands.

Analyst Ratings Changes

A number of research analysts have commented on ASST shares. HC Wainwright started coverage on shares of Strive in a research report on Tuesday. They issued a “buy” rating and a $36.00 target price on the stock. Maxim Group decreased their target price on shares of Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Wall Street Zen cut shares of Strive from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. Finally, Zacks Research raised shares of Strive to a “hold” rating in a research report on Wednesday, March 11th. Two equities research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Strive currently has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Strive Price Performance

The company has a market capitalization of $1.18 billion, a PE ratio of -2.88 and a beta of 15.29. The stock’s 50 day simple moving average is $9.89 and its 200-day simple moving average is $16.84.

Strive (NASDAQ:ASST) last issued its quarterly earnings results on Saturday, January 31st. The company reported ($4.73) earnings per share (EPS) for the quarter. Strive had a negative return on equity of 122.88% and a negative net margin of 7,335.00%. On average, equities analysts predict that Strive, Inc. will post -0.63 earnings per share for the current year.

Insider Transactions at Strive

In other Strive news, CFO Benjamin Pham purchased 6,214 shares of the business’s stock in a transaction on Wednesday, February 18th. The shares were bought at an average cost of $8.06 per share, for a total transaction of $50,084.84. Following the completion of the purchase, the chief financial officer directly owned 6,214 shares of the company’s stock, valued at approximately $50,084.84. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.71% of the stock is owned by company insiders.

Institutional Trading of Strive

A number of large investors have recently made changes to their positions in ASST. Geode Capital Management LLC increased its stake in shares of Strive by 362.6% during the second quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock worth $561,000 after buying an additional 117,249 shares during the period. Creative Planning purchased a new position in Strive in the second quarter valued at approximately $79,000. XTX Topco Ltd purchased a new position in Strive in the second quarter valued at approximately $126,000. Engineers Gate Manager LP purchased a new position in Strive in the second quarter valued at approximately $40,000. Finally, Tower Research Capital LLC TRC increased its stake in Strive by 180.4% in the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after purchasing an additional 7,057 shares during the last quarter. 5.52% of the stock is currently 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.