Strive (NASDAQ:ASST) Sets New 1-Year Low – Here’s Why

by · The Cerbat Gem

Shares of Strive, Inc. (NASDAQ:ASSTGet Free Report) reached a new 52-week low on Monday . The company traded as low as $7.30 and last traded at $7.36, with a volume of 3712274 shares trading hands. The stock had previously closed at $8.15.

Analysts Set New Price Targets

Several research analysts have issued reports on ASST shares. Wall Street Zen raised Strive from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Maxim Group set a $30.00 price target on shares of Strive and gave the company a “buy” rating in a 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 investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $30.00.

Get Our Latest Research Report on ASST

Strive Trading Down 9.7%

The business has a fifty day moving average price of $15.06 and a 200-day moving average price of $40.88.

Insider Buying and Selling

In other Strive news, CEO Matthew Ryan Cole bought 25,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The stock was bought at an average cost of $18.40 per share, for a total transaction of $460,000.00. Following the completion of the transaction, the chief executive officer owned 38,150 shares of the company’s stock, valued at $701,960. This represents a 190.11% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CFO Benjamin Pham acquired 6,214 shares of Strive stock in a transaction dated Wednesday, February 18th. The stock was bought at an average price of $8.06 per share, with a total value of $50,084.84. Following the completion of the purchase, the chief financial officer directly owned 6,214 shares in the company, valued at $50,084.84. This represents a ∞ increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders bought 61,935 shares of company stock valued at $944,387 over the last quarter. Company insiders own 2.84% of the company’s stock.

Institutional Inflows and Outflows

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

Strive Company Profile

(Get Free Report)

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.

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