Strive (NASDAQ:ASST) Trading Up 4.6% – Here’s What Happened

Strive, Inc. (NASDAQ:ASST)’s share price was up 4.6% during trading on Wednesday . The stock traded as high as $0.7612 and last traded at $0.7660. Approximately 15,106,824 shares changed hands during mid-day trading, a decline of 57% from the average daily volume of 35,234,363 shares. The stock had previously closed at $0.7320.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the company. Wall Street Zen raised Strive from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Weiss Ratings reissued a “sell (e-)” rating on shares of Strive in a research report on Monday. Finally, Maxim Group set a $1.50 price target on shares of Strive and gave the stock a “buy” rating in a report on Wednesday, December 10th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $1.50.

Strive Stock Performance

The company has a 50 day moving average of $1.07 and a 200 day moving average of $3.10. The firm has a market cap of $601.82 million, a P/E ratio of -2.46 and a beta of 16.86.

Strive (NASDAQ:ASST) last posted its earnings results on Friday, November 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. The business had revenue of $1.54 million for the quarter.

Insider Activity

In other Strive news, CEO Matthew Ryan Cole acquired 248,999 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The stock was purchased at an average cost of $0.80 per share, for a total transaction of $199,199.20. Following the completion of the acquisition, the chief executive officer owned 366,709 shares of the company’s stock, valued at approximately $293,367.20. This trade represents a 211.54% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 56.47% of the company’s stock.

Hedge Funds Weigh In On Strive

Institutional investors have recently bought and sold shares of the stock. Yorkville Advisors Global LP acquired a new stake in shares of Strive in the third quarter worth about $92,593,000. Anson Funds Management LP raised its stake in shares of Strive by 4,028.5% in the 3rd quarter. Anson Funds Management LP now owns 35,250,000 shares of the company’s stock valued at $88,125,000 after acquiring an additional 36,147,300 shares in the last quarter. Alyeska Investment Group L.P. acquired a new stake in Strive in the 3rd quarter worth approximately $84,375,000. MMCAP International Inc. SPC acquired a new stake in Strive in the 3rd quarter worth approximately $46,296,000. Finally, Woodline Partners LP bought a new stake in Strive during the third quarter worth approximately $31,481,000. 5.52% of the stock is currently owned by institutional investors.

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.