Strive (NASDAQ:ASST) Trading Down 7.4% – Time to Sell?

Strive, Inc. (NASDAQ:ASST)’s stock price dropped 7.4% during trading on Tuesday . The company traded as low as $0.8721 and last traded at $0.8780. Approximately 24,544,791 shares were traded during trading, a decline of 80% from the average daily volume of 121,273,063 shares. The stock had previously closed at $0.9481.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Wall Street Zen raised Strive from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Weiss Ratings restated a “sell (e-)” rating on shares of Strive in a research note on Monday, December 29th. Finally, Maxim Group set a $1.50 price objective on Strive and gave the company a “buy” rating in a research report on Wednesday, December 10th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Strive has an average rating of “Hold” and a consensus price target of $1.50.

Strive Stock Performance

The stock has a fifty day moving average of $0.95 and a 200 day moving average of $2.72. The company has a market capitalization of $778.01 million, a P/E ratio of -2.90 and a beta of 16.86.

Strive (NASDAQ:ASST) last released its quarterly earnings results on Friday, November 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. The business had revenue of $1.54 million during the quarter.

Insider Transactions at Strive

In other news, CEO Matthew Ryan Cole bought 500,000 shares of the firm’s stock in a transaction on Tuesday, January 13th. The shares were bought at an average price of $0.92 per share, for a total transaction of $460,000.00. Following the purchase, the chief executive officer owned 763,012 shares in the company, valued at approximately $701,971.04. The trade was a 190.11% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have purchased 956,456 shares of company stock valued at $829,314. Corporate insiders own 56.47% of the company’s stock.

Hedge Funds Weigh In On Strive

A number of hedge funds have recently modified their holdings of the company. McElhenny Sheffield Capital Management LLC bought a new stake in shares of Strive during the 2nd quarter valued at $39,000. Engineers Gate Manager LP purchased a new stake in Strive in the 2nd quarter worth $40,000. Two Sigma Investments LP bought a new stake in Strive during the third quarter valued at about $27,000. Ground Swell Capital LLC purchased a new position in shares of Strive in the second quarter valued at about $40,000. Finally, Tower Research Capital LLC TRC boosted its stake 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 worth $41,000 after acquiring an additional 7,057 shares during the period. 5.52% of the stock is currently owned by institutional investors.

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.