Matthew Ryan Cole Purchases 500,000 Shares of Strive (NASDAQ:ASST) Stock

Strive, Inc. (NASDAQ:ASST) CEO Matthew Ryan Cole purchased 500,000 shares of the business’s stock in a transaction dated Tuesday, January 13th. The stock was bought at an average cost of $0.92 per share, with a total value of $460,000.00. Following the completion of the acquisition, the chief executive officer directly owned 763,012 shares of the company’s stock, valued at approximately $701,971.04. This trade represents a 190.11% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link.

Matthew Ryan Cole also recently made the following trade(s):

• On Monday, December 15th, Matthew Ryan Cole acquired 248,999 shares of Strive stock. The shares were bought at an average cost of $0.80 per share, for a total transaction of $199,199.20.
• On Monday, December 15th, Matthew Ryan Cole bought 207,457 shares of Strive stock. The stock was bought at an average price of $0.82 per share, with a total value of $170,114.74.

Strive Stock Down 5.8%

ASST stock opened at $0.97 on Friday. The stock has a 50-day simple moving average of $1.00 and a two-hundred day simple moving average of $2.83. Strive, Inc. has a twelve month low of $0.39 and a twelve month high of $13.42. The firm has a market capitalization of $791.42 million, a PE ratio of -3.24 and a beta of 16.86.

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

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Maxim Group set a $1.50 price target on shares of Strive and gave the company a “buy” rating in a research report on Wednesday, December 10th. Wall Street Zen upgraded Strive from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Strive in a report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $1.50.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ASST. McElhenny Sheffield Capital Management LLC purchased a new stake in Strive in the second quarter worth about $39,000. Engineers Gate Manager LP bought a new stake in Strive in the 2nd quarter worth about $40,000. Two Sigma Investments LP purchased a new position in shares of Strive during the third quarter valued at approximately $27,000. Ground Swell Capital LLC purchased a new stake in Strive during the 2nd quarter valued at $40,000. Finally, Tower Research Capital LLC TRC lifted its holdings 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 acquiring an additional 7,057 shares during the period. 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.