Institute for Wealth Management LLC. Purchases Shares of 35,000 Strive, Inc. $ASST

Institute for Wealth Management LLC. purchased a new stake in shares of Strive, Inc. (NASDAQ:ASST) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 35,000 shares of the company’s stock, valued at approximately $26,000.

Several other large investors have also added to or reduced their stakes in ASST. Yorkville Advisors Global LP purchased a new position in Strive during the third quarter valued at approximately $92,593,000. Anson Funds Management LP lifted its holdings in Strive by 4,028.5% during the third quarter. Anson Funds Management LP now owns 35,250,000 shares of the company’s stock valued at $88,125,000 after purchasing an additional 36,147,300 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in Strive during the third quarter valued at approximately $84,375,000. MMCAP International Inc. SPC purchased a new position in Strive during the third quarter valued at approximately $46,296,000. Finally, Woodline Partners LP purchased a new position in Strive during the third quarter valued at approximately $31,481,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have weighed in on ASST. HC Wainwright began coverage on shares of Strive in a report on Tuesday. They set a “buy” rating and a $36.00 price target on the stock. Maxim Group lowered their price target on shares of Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. TD Cowen began coverage on shares of Strive in a report on Friday, April 10th. They set a “buy” rating and a $26.00 price target on the stock. Zacks Research raised shares of Strive to a “hold” rating in a report on Wednesday, March 11th. Finally, B. Riley Financial assumed coverage on shares of Strive in a research report on Tuesday, March 10th. They set a “buy” rating and a $12.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Strive Price Performance

Strive stock opened at $15.31 on Wednesday. The stock has a market cap of $1.06 billion, a P/E ratio of -2.55 and a beta of 15.29. Strive, Inc. has a 1 year low of $7.02 and a 1 year high of $268.40. The firm’s 50 day moving average price is $9.89 and its 200-day moving average price is $16.84.

Strive (NASDAQ:ASST) last released its quarterly earnings data 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%. As a group, equities analysts expect that Strive, Inc. will post -0.63 EPS for the current year.

Insider Activity

In related news, CFO Benjamin Pham acquired 6,214 shares of Strive stock in a transaction dated Wednesday, February 18th. The shares were purchased at an average price of $8.06 per share, for a total transaction of $50,084.84. Following the completion of the transaction, the chief financial officer directly owned 6,214 shares in the company, valued at approximately $50,084.84. This represents a ? increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.71% of the stock is currently owned by insiders.

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.