Strive (NASDAQ:ASST) Shares Gap Up – Should You Buy?

Strive, Inc. (NASDAQ:ASST) shares gapped up prior to trading on Thursday . The stock had previously closed at $14.73, but opened at $16.00. Strive shares last traded at $15.60, with a volume of 1,641,196 shares.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ASST shares. Wall Street Zen raised Strive from a “strong sell” rating to a “sell” rating in a research report on Saturday, May 16th. HC Wainwright lowered their price objective on shares of Strive from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Benchmark reissued a “buy” rating on shares of Strive in a report on Monday, June 15th. 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, TD Cowen reduced their target price on shares of Strive from $32.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $27.20.

Strive Stock Performance

The company has a market capitalization of $1.30 billion, a P/E ratio of -1.72 and a beta of 13.21. The firm’s fifty day moving average is $12.80 and its 200 day moving average is $12.59.

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

Insider Buying and Selling

In related news, Director Pierre Rochard purchased 15,900 shares of the firm’s stock in a transaction on Friday, August 14th. The stock was bought 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 owned 15,900 shares of the company’s stock, valued at $199,386. The trade was a ? increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 2.71% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Strive

A number of hedge funds have recently made changes to their positions in ASST. Sanctuary Advisors LLC acquired a new position in Strive in the fourth quarter valued at approximately $25,000. Valtinson Bruner Financial Planning LLC purchased a new position in Strive in the fourth quarter valued at $25,000. Pinnacle Associates Ltd. acquired a new position in shares of Strive during the fourth quarter worth about $26,000. Verdence Capital Advisors LLC purchased a new stake in shares of Strive in the 4th quarter valued at approximately $26,000. Finally, Institute for Wealth Management LLC. acquired a new stake in Strive in the fourth quarter valued at $26,000. Institutional investors and hedge funds own 5.52% of the company’s stock.

About Strive

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.