Strive (NASDAQ:ASST) Upgraded at Zacks Research

Zacks Research upgraded shares of Strive (NASDAQ:ASST) to a hold rating in a research report sent to investors on Wednesday morning,Zacks.com reports.

Several other equities research analysts have also recently weighed in on ASST. Weiss Ratings reiterated 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 Strive and gave the company a “buy” rating in a research note on Wednesday, December 10th. B. Riley Financial initiated coverage on Strive in a report on Tuesday. They issued a “buy” rating and a $12.00 price target for the company. Finally, Wall Street Zen upgraded Strive from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Strive has a consensus rating of “Moderate Buy” and a consensus target price of $21.00.

Strive Price Performance

NASDAQ ASST opened at $9.53 on Wednesday. The company’s fifty day moving average is $12.91 and its two-hundred day moving average is $34.15. Strive has a 52-week low of $7.02 and a 52-week high of $268.40. The firm has a market capitalization of $594.39 million, a price-to-earnings ratio of -1.59 and a beta of 17.08.

Insider Transactions at Strive

In other Strive news, CFO Benjamin Pham bought 7,900 shares of the stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average price of $8.23 per share, with a total value of $65,017.00. Following the completion of the purchase, the chief financial officer directly owned 7,900 shares in the company, valued at $65,017. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Matthew Ryan Cole purchased 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, January 13th. The stock was acquired at an average cost of $18.40 per share, with a total value of $460,000.00. Following the transaction, the chief executive officer directly owned 38,150 shares of the company’s stock, valued at approximately $701,960. This represents a 190.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought a total of 61,935 shares of company stock valued at $944,387 over the last ninety days. 2.84% of the stock is owned by insiders.

Institutional Investors Weigh In On Strive

A number of institutional investors have recently added to or reduced their stakes in ASST. Sanctuary Advisors LLC bought a new stake in shares of Strive in the 4th quarter valued at approximately $25,000. Valtinson Bruner Financial Planning LLC bought a new position in shares of Strive during the 4th quarter worth approximately $25,000. Institute for Wealth Management LLC. acquired a new stake in Strive in the 4th quarter valued at $26,000. Verdence Capital Advisors LLC bought a new stake in Strive in the fourth quarter valued at $26,000. Finally, Pinnacle Associates Ltd. bought a new stake in Strive in the fourth quarter valued at $26,000. 5.52% of the stock is owned by institutional investors and hedge funds.

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.