FNY Investment Advisers LLC Purchases 159,965 Shares of Strive, Inc. $ASST

FNY Investment Advisers LLC grew its position in shares of Strive, Inc. (NASDAQ:ASST) by 457,042.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 160,000 shares of the company’s stock after buying an additional 159,965 shares during the period. FNY Investment Advisers LLC’s holdings in Strive were worth $118,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Thompson Davis & CO. Inc. acquired a new stake in shares of Strive during the fourth quarter worth $74,000. Lauer Wealth LLC acquired a new position in shares of Strive in the fourth quarter valued at about $74,000. Dynamic Advisor Solutions LLC acquired a new position in shares of Strive in the fourth quarter valued at about $31,000. Yorkville Advisors Global LP bought a new position in Strive during the third quarter worth about $92,593,000. Finally, Woodline Partners LP bought a new position in Strive during the third quarter worth about $31,481,000. Institutional investors and hedge funds own 5.52% of the company’s stock.

Analyst Ratings Changes

A number of research firms have issued reports on ASST. Wall Street Zen downgraded shares of Strive from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Zacks Research raised shares of Strive to a “hold” rating in a report on Wednesday, March 11th. Maxim Group dropped their price target 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. 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. Finally, Weiss Ratings reissued a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. One 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Insider Buying and Selling

In other news, CFO Benjamin Pham purchased 6,214 shares of the business’s stock in a transaction dated Wednesday, February 18th. The stock was bought at an average price of $8.06 per share, with a total value of $50,084.84. Following the acquisition, the chief financial officer owned 6,214 shares in the company, valued at approximately $50,084.84. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Matthew Ryan Cole acquired 25,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The stock was purchased at an average cost of $18.40 per share, for a total transaction of $460,000.00. Following the completion of the purchase, the chief executive officer directly owned 38,150 shares of the company’s stock, valued at $701,960. The trade was a 190.11% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. In the last ninety days, insiders have bought 39,114 shares of company stock valued at $575,102. 2.71% of the stock is currently owned by insiders.

Strive Price Performance

ASST stock opened at $9.75 on Friday. Strive, Inc. has a 52 week low of $7.02 and a 52 week high of $268.40. The business has a 50-day simple moving average of $10.16 and a 200 day simple moving average of $21.29. The company has a market cap of $674.31 million, a PE ratio of -1.63 and a beta of 15.29.

Strive (NASDAQ:ASST) last announced its quarterly earnings data 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%.

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.