Strive (NASDAQ:ASST) Sees Large Volume Increase – What’s Next?

Strive, Inc. (NASDAQ:ASST) shares saw an uptick in trading volume on Thursday . 3,899,962 shares traded hands during trading, a decline of 13% from the previous session’s volume of 4,467,786 shares.The stock last traded at $23.9910 and had previously closed at $21.50.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on ASST shares. HC Wainwright dropped their price objective on Strive from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Benchmark reaffirmed a “buy” rating on shares of Strive in a research note on Thursday, August 20th. TD Cowen lowered their target price on Strive from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Weiss Ratings upgraded shares of Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Finally, B. Riley Financial upped their price target on shares of Strive from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday, May 15th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $27.20.

Strive Price Performance

The company has a market cap of $1.86 billion, a P/E ratio of -2.46 and a beta of 13.21. The company has a fifty day simple moving average of $13.49 and a 200-day simple moving average of $12.95.

Strive (NASDAQ:ASST) last announced its quarterly earnings data on Monday, August 10th. The company reported ($3.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.95) by ($2.70). The company had revenue of $2.94 million for the quarter, compared to analyst estimates of $3.02 million. Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. On average, analysts anticipate that Strive, Inc. will post -9.4 EPS for the current year.

Insider Activity at Strive

In related news, Director Pierre Rochard bought 15,900 shares of Strive stock in a transaction dated Friday, August 14th. The stock was acquired at an average cost of $12.54 per share, with a total value of $199,386.00. Following the completion of the acquisition, the director directly owned 15,900 shares in the company, valued at approximately $199,386. This trade represents a ? increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.71% of the stock is currently owned by corporate insiders.

Institutional Trading of Strive

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Alyeska Investment Group L.P. purchased a new stake in Strive during the third quarter valued at about $84,375,000. Woodline Partners LP purchased a new position in shares of Strive in the third quarter worth approximately $31,481,000. Geode Capital Management LLC increased its position in shares of Strive by 939.6% in the fourth quarter. Geode Capital Management LLC now owns 6,755,081 shares of the company’s stock worth $4,988,000 after acquiring an additional 6,105,295 shares in the last quarter. Alpine Fox Capital LLC acquired a new stake in shares of Strive during the fourth quarter valued at approximately $2,325,000. Finally, State Street Corp raised its holdings in shares of Strive by 3,418.4% during the fourth quarter. State Street Corp now owns 2,702,859 shares of the company’s stock valued at $1,995,000 after acquiring an additional 2,626,039 shares during the period. Institutional investors and hedge funds own 5.52% of the company’s stock.

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.