Gibbs Wealth Management Buys New Position in Strive, Inc. $ASST

Gibbs Wealth Management bought a new stake in shares of Strive, Inc. (NASDAQ:ASST) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 80,000 shares of the company’s stock, valued at approximately $59,000.

Several other large investors also recently added to or reduced their stakes in ASST. Geode Capital Management LLC grew its position in Strive by 362.6% during the second quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock valued at $561,000 after buying an additional 117,249 shares during the period. Creative Planning bought a new stake in Strive during the second quarter valued at approximately $79,000. XTX Topco Ltd bought a new stake in Strive during the second quarter valued at approximately $126,000. Engineers Gate Manager LP bought a new stake in Strive during the second quarter valued at approximately $40,000. Finally, Tower Research Capital LLC TRC grew its position in Strive by 180.4% during the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after buying an additional 7,057 shares during the period. 5.52% of the stock is currently owned by institutional investors.

Strive Price Performance

ASST opened at $10.63 on Monday. The firm has a market cap of $735.16 million, a P/E ratio of -1.77 and a beta of 15.29. Strive, Inc. has a 1-year low of $7.02 and a 1-year high of $268.40. The company has a 50 day simple moving average of $9.55 and a two-hundred day simple moving average of $18.65.

Strive (NASDAQ:ASST) last posted its quarterly earnings results on Saturday, January 31st. The company reported ($4.73) earnings per share for the quarter. Strive had a negative return on equity of 122.88% and a negative net margin of 7,335.00%.

Trending Headlines about Strive

Here are the key news stories impacting Strive this week:

• Positive Sentiment: TD Cowen initiated coverage with a Buy and $26 price target (roughly 145% upside versus the recent share price), giving ASST a clear analyst catalyst that can attract institutional and retail flows. Read More.
• Positive Sentiment: Media coverage and writeups picked up quickly after the initiation, noting renewed investor interest and helping boost visibility and volume for the stock. Read More.
• Neutral Sentiment: Reported short‑interest data is anomalous (shows 0 shares and NaN change), implying no clear short‑squeeze pressure from the published figures; treat that data point cautiously as a likely reporting artifact rather than a market driver.

Insider Buying and Selling

In other news, CEO Matthew Ryan Cole purchased 25,000 shares of the company’s stock in a transaction on Tuesday, January 13th. The stock was acquired at an average cost of $18.40 per share, for a total transaction of $460,000.00. Following the completion of the transaction, the chief executive officer directly owned 38,150 shares in the company, valued at $701,960. This trade represents a 190.11% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Benjamin Pham purchased 7,900 shares of the company’s stock in a transaction on Tuesday, February 17th. The stock was purchased at an average price of $8.23 per share, with a total value of $65,017.00. Following the completion of the transaction, the chief financial officer owned 7,900 shares of the company’s stock, valued at approximately $65,017. This trade represents a ∞ increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders acquired 39,114 shares of company stock valued at $575,102. Company insiders own 2.71% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on ASST shares. Weiss Ratings restated a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. Maxim Group cut their target price on shares of Strive from $30.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. Zacks Research upgraded shares of Strive to a “hold” rating in a research report on Wednesday, March 11th. TD Cowen assumed coverage on shares of Strive in a research report on Friday. They issued a “buy” rating and a $26.00 price target for the company. Finally, Wall Street Zen lowered shares of Strive from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. One analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Strive presently has an average rating of “Moderate Buy” and a consensus target price of $19.33.

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.