Strive (NASDAQ:ASST) Now Covered by Analysts at B. Riley Financial

B. Riley Financial assumed coverage on shares of Strive (NASDAQ:ASST) in a report issued on Tuesday morning, MarketBeat Ratings reports. The firm issued a buy rating and a $12.00 price objective on the stock.

A number of other research analysts have also issued reports on ASST. Weiss Ratings restated a “sell (e-)” rating on shares of Strive in a research note on Monday, December 29th. Maxim Group set a $30.00 price target on shares of Strive and gave the stock a “buy” rating in a report on Wednesday, December 10th. Finally, Wall Street Zen upgraded shares of Strive from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Two research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $21.00.

Strive Stock Up 5.5%

Shares of Strive stock opened at $8.98 on Tuesday. The company has a 50 day moving average price of $13.30 and a 200 day moving average price of $35.11. The firm has a market capitalization of $560.08 million, a P/E ratio of -1.50 and a beta of 17.08. Strive has a 52 week low of $7.02 and a 52 week high of $268.40.

Insider Transactions at Strive

In other news, CEO Matthew Ryan Cole bought 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The shares were purchased at an average price 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 approximately $701,960. This represents a 190.11% increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Benjamin Pham purchased 6,214 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The stock was acquired at an average price of $8.06 per share, for a total transaction of $50,084.84. Following the acquisition, the chief financial officer owned 6,214 shares in the company, valued at $50,084.84. This trade represents a ∞ increase in their position. The disclosure for this purchase is available in the SEC filing. Insiders have purchased 61,935 shares of company stock valued at $944,387 in the last ninety days. Corporate insiders own 2.84% of the company’s stock.

Institutional Trading of Strive

Large investors have recently made changes to their positions in the business. Geode Capital Management LLC increased its stake in shares of Strive by 362.6% in the second quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock worth $561,000 after acquiring an additional 117,249 shares during the period. Creative Planning acquired a new position in Strive during the second quarter valued at $79,000. XTX Topco Ltd purchased a new stake in Strive in the second quarter valued at $126,000. Engineers Gate Manager LP purchased a new stake in Strive in the second quarter valued at $40,000. Finally, Hudson Bay Capital Management LP acquired a new stake in Strive during the 2nd quarter worth about $27,778,000. 5.52% of the stock is owned by hedge funds and other institutional investors.

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.