Strive Target of Unusually Large Options Trading (NASDAQ:ASST)

Strive, Inc. (NASDAQ:ASST) was the recipient of some unusual options trading activity on Wednesday. Traders acquired 231,027 call options on the stock. This represents an increase of approximately 275% compared to the typical daily volume of 61,533 call options.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ASST shares. 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 report on Monday, March 23rd. Weiss Ratings restated a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. HC Wainwright initiated coverage on shares of Strive in a research report on Tuesday. They set a “buy” rating and a $36.00 price objective on the stock. B. Riley Financial initiated coverage on shares of Strive in a research report on Tuesday, March 10th. They issued a “buy” rating and a $12.00 target price on the stock. Finally, Zacks Research upgraded shares of Strive to a “hold” rating in a research report on Wednesday, March 11th. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Strive has an average rating of “Moderate Buy” and an average price target of $23.50.

Insider Buying and Selling at Strive

In related news, CFO Benjamin Pham acquired 6,214 shares of the stock in a transaction dated Wednesday, February 18th. The shares were purchased at an average price of $8.06 per share, for a total transaction of $50,084.84. Following the transaction, the chief financial officer owned 6,214 shares in the company, valued at $50,084.84. This represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 2.71% of the company’s stock.

Hedge Funds Weigh In On Strive

A number of large investors have recently added to or reduced their stakes in the business. J. Derek Lewis & Associates Inc. purchased a new position in Strive in the 4th quarter worth $71,000. Corient Private Wealth LLC purchased a new position in shares of Strive in the fourth quarter valued at about $388,000. TRU Independence Asset Management 2 LLC purchased a new position in shares of Strive in the fourth quarter valued at about $63,000. Kera Capital Partners Inc. purchased a new position in shares of Strive in the fourth quarter valued at about $36,000. Finally, Virtu Financial LLC purchased a new position in shares of Strive in the fourth quarter valued at about $76,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

Strive Stock Performance

NASDAQ:ASST traded up $1.45 during trading hours on Wednesday, reaching $16.76. The company’s stock had a trading volume of 4,281,236 shares, compared to its average volume of 4,531,525. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -2.79 and a beta of 15.29. The firm has a 50-day simple moving average of $9.89 and a 200-day simple moving average of $16.84. Strive has a 1 year low of $7.02 and a 1 year high of $268.40.

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 return on equity of 122.88% and a negative net margin of 7,335.00%. Equities analysts anticipate that Strive will post -0.63 earnings per share for the current fiscal year.

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.