Strive (NASDAQ:ASST) Price Target Lowered to $20.00 at Maxim Group

Strive (NASDAQ:ASST) had its target price reduced by Maxim Group from $30.00 to $20.00 in a report published on Monday morning,Benzinga reports. They currently have a buy rating on the stock.

Other research analysts have also issued research reports about the company. Weiss Ratings reiterated a “sell (e-)” rating on shares of Strive in a report on Monday, December 29th. B. Riley Financial initiated coverage on Strive in a research report on Tuesday, March 10th. They set a “buy” rating and a $12.00 target price on the stock. Wall Street Zen cut Strive from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Zacks Research raised shares of Strive to a “hold” rating in a research report on Wednesday, March 11th. One investment 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 assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $16.00.

Strive Trading Up 4.2%

Shares of NASDAQ ASST opened at $10.44 on Monday. The firm has a market capitalization of $697.18 million, a P/E ratio of -1.74 and a beta of 17.08. The firm’s 50-day moving average price is $11.71 and its 200-day moving average price is $28.17. 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 net margin of 7,335.00% and a negative return on equity of 122.88%.

Insider Buying and Selling at Strive

In related news, CEO Matthew Ryan Cole purchased 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The shares were bought at an average cost of $18.40 per share, with a total value of $460,000.00. Following the acquisition, the chief executive officer owned 38,150 shares of the company’s stock, valued at $701,960. This represents a 190.11% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Benjamin Pham purchased 6,214 shares of Strive stock in a transaction that occurred on Wednesday, February 18th. The shares were bought at an average price of $8.06 per share, with a total value of $50,084.84. Following the transaction, the chief financial officer owned 6,214 shares of the company’s stock, valued at $50,084.84. This trade represents a ∞ increase in their position. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders have bought 39,114 shares of company stock valued at $575,102. Insiders own 2.71% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Engineers Gate Manager LP bought a new position in shares of Strive during the 2nd quarter valued at approximately $40,000. Two Sigma Investments LP bought a new stake in shares of Strive in the 3rd quarter worth approximately $27,000. Tower Research Capital LLC TRC lifted its stake 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 purchasing an additional 7,057 shares during the last quarter. Osaic Holdings Inc. purchased a new position in Strive in the second quarter valued at approximately $41,000. Finally, Verition Fund Management LLC bought a new position in Strive during the third quarter valued at $28,000. 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.