Strive (NASDAQ:ASST) Trading Down 4.7% – Here’s What Happened

Strive, Inc. (NASDAQ:ASST)’s stock price fell 4.7% during trading on Friday . The company traded as low as $0.9650 and last traded at $0.9630. 11,061,472 shares changed hands during mid-day trading, a decline of 88% from the average session volume of 89,887,398 shares. The stock had previously closed at $1.01.

Wall Street Analyst Weigh In

ASST has been the subject of several recent analyst reports. Wall Street Zen raised shares of Strive from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Strive in a report on Monday, December 29th. Finally, Maxim Group set a $1.50 price objective on Strive and gave the company a “buy” rating in a research report on Wednesday, December 10th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $1.50.

Strive Price Performance

The firm has a market capitalization of $771.28 million, a P/E ratio of -3.15 and a beta of 16.86. The company’s 50 day moving average price is $1.02 and its 200 day moving average price is $2.91.

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

Insider Activity

In other news, CEO Matthew Ryan Cole purchased 248,999 shares of the firm’s stock in a transaction that occurred on Monday, December 15th. The shares were acquired at an average price of $0.80 per share, for a total transaction of $199,199.20. Following the completion of the acquisition, the chief executive officer directly owned 366,709 shares in the company, valued at approximately $293,367.20. The trade was a 211.54% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 56.47% of the stock is owned by company insiders.

Institutional Trading of Strive

Several institutional investors and hedge funds have recently added to or reduced their stakes in ASST. Two Sigma Investments LP bought a new position in shares of Strive in the 3rd quarter valued at about $27,000. Verition Fund Management LLC acquired a new position in Strive in the third quarter valued at approximately $28,000. Dynamic Advisor Solutions LLC bought a new position in Strive in the fourth quarter valued at approximately $31,000. Gruss & Co. LLC acquired a new stake in Strive during the 3rd quarter worth $38,000. Finally, McElhenny Sheffield Capital Management LLC acquired a new stake in Strive during the 2nd quarter worth $39,000. 5.52% of the stock is 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.