Traders Buy High Volume of Strive Call Options (NASDAQ:ASST)

Strive, Inc. (NASDAQ:ASST) was the target of unusually large options trading on Monday. Investors bought 215,461 call options on the stock. This is an increase of approximately 47% compared to the typical daily volume of 146,078 call options.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ASST shares. Wall Street Zen upgraded shares of Strive from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Maxim Group set a $1.50 target price on shares of Strive and gave the stock a “buy” rating in a research report on Wednesday, December 10th. Finally, Weiss Ratings reiterated a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $1.50.

Strive Stock Up 14.4%

Shares of NASDAQ ASST traded up $0.12 during mid-day trading on Monday, hitting $0.99. 86,996,075 shares of the company traded hands, compared to its average volume of 72,039,563. Strive has a 1 year low of $0.39 and a 1 year high of $13.42. The business has a 50 day moving average of $1.06 and a two-hundred day moving average of $3.04. The stock has a market capitalization of $806.51 million, a price-to-earnings ratio of -3.33 and a beta of 16.86.

Strive (NASDAQ:ASST) last posted its quarterly earnings results on Friday, November 14th. The company reported ($0.22) earnings per share for the quarter. The company had revenue of $1.54 million during the quarter.

Insider Buying and Selling

In other news, CEO Matthew Ryan Cole bought 248,999 shares of Strive stock in a transaction that occurred on Monday, December 15th. The shares were purchased at an average price of $0.80 per share, for a total transaction of $199,199.20. Following the completion of the acquisition, the chief executive officer owned 366,709 shares of the company’s stock, valued at $293,367.20. The trade was a 211.54% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 56.47% of the company’s stock.

Institutional Investors Weigh In On Strive

Several hedge funds and other institutional investors have recently modified their holdings of ASST. Two Sigma Investments LP bought a new position in shares of Strive in the 3rd quarter valued at about $27,000. Verition Fund Management LLC acquired a new stake in Strive during the 3rd quarter worth $28,000. Gruss & Co. LLC bought a new stake in shares of Strive during the 3rd quarter valued at $38,000. McElhenny Sheffield Capital Management LLC bought a new stake in shares of Strive during the 2nd quarter valued at $39,000. Finally, Ground Swell Capital LLC acquired a new position in shares of Strive in the 2nd quarter valued at $40,000. 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.