Strive Target of Unusually Large Options Trading (NASDAQ:ASST)

Strive, Inc. (NASDAQ:ASST) was the recipient of some unusual options trading activity on Tuesday. Traders acquired 88,810 call options on the stock. This represents an increase of approximately 46% compared to the average daily volume of 60,676 call options.

Strive Price Performance

Shares of ASST stock traded down $1.04 during trading hours on Tuesday, reaching $16.91. The company had a trading volume of 2,965,273 shares, compared to its average volume of 4,342,060. Strive has a 1-year low of $7.02 and a 1-year high of $268.40. The firm has a market cap of $1.17 billion, a price-to-earnings ratio of -2.82 and a beta of 13.46. The company has a 50 day moving average of $11.80 and a 200 day moving average of $15.87.

Strive (NASDAQ:ASST) last announced its quarterly earnings data on Saturday, January 31st. The company reported ($4.73) EPS for the quarter. Strive had a negative return on equity of 122.88% and a negative net margin of 7,335.00%. As a group, sell-side analysts forecast that Strive will post 0.97 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently weighed in on the stock. Wall Street Zen cut shares of Strive from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. HC Wainwright started coverage on Strive in a research note on Tuesday, April 21st. They issued a “buy” rating and a $36.00 target price for the company. Maxim Group cut their price target on Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. Zacks Research upgraded Strive to a “hold” rating in a report on Wednesday, March 11th. Finally, TD Cowen began coverage on Strive in a report on Friday, April 10th. They set a “buy” rating and a $26.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $23.50.

Insider Buying and Selling at Strive

In related news, CFO Benjamin Pham bought 7,900 shares of Strive stock in a transaction dated Tuesday, February 17th. The shares were bought at an average cost of $8.23 per share, for a total transaction of $65,017.00. Following the completion of the transaction, the chief financial officer owned 7,900 shares of the company’s stock, valued at approximately $65,017. This trade represents a ? increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 2.71% of the company’s stock.

Institutional Trading of Strive

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its stake in Strive by 362.6% during the 2nd quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock worth $561,000 after acquiring an additional 117,249 shares during the last quarter. Creative Planning bought a new position in shares of Strive during the second quarter worth $79,000. XTX Topco Ltd bought a new position in shares of Strive during the second quarter worth $126,000. Engineers Gate Manager LP acquired a new position in shares of Strive in the 2nd quarter valued at $40,000. Finally, Tower Research Capital LLC TRC increased its position in shares of Strive by 180.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after buying an additional 7,057 shares in the last quarter. 5.52% of the stock is 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.