62,000 Shares in Strive, Inc. $ASST Purchased by Abundance Wealth Counselors

Abundance Wealth Counselors acquired a new position in Strive, Inc. (NASDAQ:ASST) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 62,000 shares of the company’s stock, valued at approximately $46,000.

Other large investors also recently modified their holdings of the company. Yorkville Advisors Global LP acquired a new position in shares of Strive during the third quarter valued at $92,593,000. Ghisallo Capital Management LLC acquired a new position in shares of Strive during the third quarter valued at $27,778,000. Thompson Davis & CO. Inc. acquired a new position in shares of Strive during the fourth quarter valued at $74,000. MMCAP International Inc. SPC acquired a new position in shares of Strive during the third quarter valued at $46,296,000. Finally, Alpine Associates Management Inc. acquired a new position in shares of Strive during the third quarter valued at $717,000. 5.52% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

ASST has been the topic of a number of research analyst reports. TD Cowen initiated coverage on Strive in a report on Friday, April 10th. They set a “buy” rating and a $26.00 price target on the stock. Zacks Research upgraded Strive to a “hold” rating in a research report on Wednesday, March 11th. Weiss Ratings reiterated a “sell (e-)” rating on shares of Strive in a research 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 price target on the stock. Finally, Maxim Group lowered their price target on Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. One research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Strive has an average rating of “Moderate Buy” and an average target price of $19.33.

Strive Stock Performance

Strive stock opened at $12.43 on Wednesday. The firm has a market cap of $859.66 million, a price-to-earnings ratio of -2.07 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 firm’s 50 day moving average price is $9.47 and its two-hundred day moving average price is $18.09.

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

Insider Transactions at Strive

In other Strive news, CFO Benjamin Pham purchased 7,900 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $8.23 per share, for a total transaction of $65,017.00. Following the completion of the transaction, the chief financial officer owned 7,900 shares in the company, valued at $65,017. This represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 2.71% of the company’s stock.

Strive 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.