Strive (NASDAQ:ASST) Shares Down 9.8% – Should You Sell?

Strive, Inc. (NASDAQ:ASST)’s stock price fell 9.8% during trading on Friday . The stock traded as low as $9.33 and last traded at $9.3940. 1,470,120 shares traded hands during trading, a decline of 69% from the average session volume of 4,716,811 shares. The stock had previously closed at $10.41.

Analyst Ratings Changes

ASST has been the subject of several analyst reports. Zacks Research upgraded Strive to a “hold” rating in a report on Wednesday, March 11th. Maxim Group reduced their price target on Strive from $30.00 to $20.00 and set a “buy” rating for the company in a research report on Monday, March 23rd. B. Riley Financial assumed coverage on Strive in a research note on Tuesday, March 10th. They issued a “buy” rating and a $12.00 price target for the company. Wall Street Zen lowered Strive from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Finally, Weiss Ratings reiterated a “sell (e-)” rating on shares of Strive in a research note on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $16.00.

Strive Stock Performance

The company has a market cap of $657.76 million, a P/E ratio of -1.64 and a beta of 17.08. The business’s 50-day moving average price is $10.96 and its 200 day moving average price is $26.00.

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

Insider Activity at Strive

In other Strive news, CFO Benjamin Pham bought 6,214 shares of Strive stock in a transaction dated Wednesday, February 18th. The stock was bought at an average cost of $8.06 per share, for a total transaction of $50,084.84. Following the purchase, the chief financial officer owned 6,214 shares of the company’s stock, valued at $50,084.84. The trade was a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Matthew Ryan Cole bought 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were acquired at an average cost of $18.40 per share, for a total transaction of $460,000.00. Following the completion of the acquisition, the chief executive officer directly owned 38,150 shares in the company, valued at $701,960. The trade was a 190.11% increase in their position. The SEC filing for this purchase provides additional information. Insiders acquired 39,114 shares of company stock worth $575,102 in the last 90 days. Corporate insiders own 2.71% of the company’s stock.

Institutional Investors Weigh In On Strive

Hedge funds have recently added to or reduced their stakes in the business. Engineers Gate Manager LP bought a new position in Strive during the second quarter worth $40,000. Two Sigma Investments LP acquired a new position in shares of Strive in the third quarter valued at $27,000. Tower Research Capital LLC TRC raised its position in shares of 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 period. Osaic Holdings Inc. bought a new position in shares of Strive in the second quarter valued at about $41,000. Finally, Verition Fund Management LLC acquired a new stake in shares of Strive during the 3rd quarter worth about $28,000. Institutional investors and hedge funds own 5.52% of the company’s stock.

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.