Strive (NASDAQ:ASST) Stock Rating Lowered by Wall Street Zen

Strive (NASDAQ:ASST) was downgraded by analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Saturday.

Several other research analysts have also recently issued reports on the stock. B. Riley Financial started coverage on shares of Strive in a report on Tuesday, March 10th. They issued a “buy” rating and a $12.00 price objective for the company. Weiss Ratings restated a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. Maxim Group set a $30.00 price target on Strive and gave the company a “buy” rating in a research note on Wednesday, December 10th. Finally, Zacks Research upgraded Strive to a “hold” rating in a research report on Wednesday, March 11th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $21.00.

Strive Stock Down 2.3%

Shares of ASST opened at $10.02 on Friday. The firm has a 50-day moving average price of $11.94 and a 200 day moving average price of $30.28. The firm has a market capitalization of $624.95 million, a PE ratio of -1.67 and a beta of 17.08. Strive has a 52-week low of $7.02 and a 52-week high of $268.40.

Strive (NASDAQ:ASST) last released its earnings results on Saturday, January 31st. The company reported ($4.73) EPS for the quarter.

Insider Activity at Strive

In other Strive news, CFO Benjamin Pham bought 7,900 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average cost of $8.23 per share, for a total transaction of $65,017.00. Following the acquisition, the chief financial officer directly owned 7,900 shares of the company’s stock, valued at $65,017. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this link. Also, CEO Matthew Ryan Cole bought 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The shares were acquired at an average cost of $18.40 per share, with a total value of $460,000.00. Following the completion of the purchase, the chief executive officer owned 38,150 shares of the company’s stock, valued at approximately $701,960. The trade was a 190.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders bought a total of 39,114 shares of company stock worth $575,102 in the last ninety days. Corporate insiders own 2.84% of the company’s stock.

Institutional Investors Weigh In On Strive

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Hudson Bay Capital Management LP acquired a new position in shares of Strive in the 2nd quarter worth $27,778,000. Yorkville Advisors Global LP acquired a new stake in shares of Strive during the third quarter worth $92,593,000. Ghisallo Capital Management LLC purchased a new stake in shares of Strive during the third quarter valued at $27,778,000. MMCAP International Inc. SPC acquired a new position in shares of Strive in the 3rd quarter valued at $46,296,000. Finally, Alpine Associates Management Inc. acquired a new position in shares of Strive in the 3rd quarter valued at $717,000. Institutional investors and hedge funds own 5.52% of the company’s stock.

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.