Strive (NASDAQ:ASST) Shares Down 7.5% – What’s Next?

Strive, Inc. (NASDAQ:ASST) shares traded down 7.5% during trading on Tuesday . The company traded as low as $14.53 and last traded at $14.5170. 583,261 shares traded hands during mid-day trading, a decline of 87% from the average session volume of 4,454,834 shares. The stock had previously closed at $15.69.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. HC Wainwright assumed coverage on Strive in a research note on Tuesday, April 21st. They set a “buy” rating and a $36.00 price objective on the stock. Wall Street Zen cut Strive from a “hold” rating to a “sell” rating in a research note on Saturday, March 21st. TD Cowen assumed coverage on Strive in a research note on Friday, April 10th. They set a “buy” rating and a $26.00 price objective on the stock. B. Riley Financial restated a “buy” rating on shares of Strive in a research note on Wednesday. Finally, Maxim Group cut their price objective on Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research note on Monday, March 23rd. 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $23.50.

Strive Stock Up 6.6%

The company has a 50 day simple moving average of $10.94 and a 200-day simple moving average of $15.98. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of -2.56 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 net margin of 7,335.00% and a negative return on equity of 122.88%. On average, equities research analysts expect that Strive, Inc. will post -0.63 EPS for the current fiscal year.

Insider Buying and Selling at Strive

In related news, CFO Benjamin Pham purchased 6,214 shares of the company’s stock in a transaction dated Wednesday, February 18th. The shares were acquired at an average cost of $8.06 per share, for a total transaction of $50,084.84. Following the transaction, the chief financial officer owned 6,214 shares of the company’s stock, valued at $50,084.84. This trade represents a ? increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.71% of the company’s stock.

Institutional Trading of Strive

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Formidable Asset Management LLC acquired a new stake in shares of Strive during the 1st quarter worth approximately $113,000. J. Derek Lewis & Associates Inc. acquired a new stake in shares of Strive during the 4th quarter worth approximately $71,000. Corient Private Wealth LLC acquired a new stake in shares of Strive during the 4th quarter worth approximately $388,000. TRU Independence Asset Management 2 LLC acquired a new stake in shares of Strive during the 4th quarter worth approximately $63,000. Finally, Kera Capital Partners Inc. acquired a new stake in shares of Strive during the 4th quarter worth approximately $36,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.

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.