Strive (NASDAQ:ASST) Stock Price Down 4.2% – Here’s Why
by Scott Moore · The Cerbat GemShares of Strive, Inc. (NASDAQ:ASST – Get Free Report) were down 4.2% during mid-day trading on Monday . The stock traded as low as $0.8606 and last traded at $0.8610. Approximately 44,040,616 shares traded hands during mid-day trading, an increase of 26% from the average daily volume of 35,063,930 shares. The stock had previously closed at $0.8985.
Analyst Ratings Changes
A number of research firms recently commented on ASST. Weiss Ratings reiterated a “sell (e-)” rating on shares of Strive in a research report on Monday, December 15th. Wall Street Zen raised shares of Strive from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Finally, Maxim Group set a $1.50 price objective on shares of Strive and gave the stock a “buy” rating in a report on Wednesday, December 10th. One equities 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, the stock has an average rating of “Hold” and a consensus target price of $1.50.
Get Our Latest Stock Analysis on Strive
Strive Stock Performance
The company has a market cap of $702.13 million, a P/E ratio of -2.87 and a beta of 16.72. The firm’s fifty day moving average is $1.08 and its two-hundred day moving average is $3.39.
Strive (NASDAQ:ASST – Get Free Report) last announced its quarterly earnings data on Friday, November 14th. The company reported ($0.22) EPS for the quarter. The firm had revenue of $1.54 million during the quarter.
Insider Buying and Selling
In other Strive news, CEO Matthew Ryan Cole purchased 248,999 shares of the company’s stock in a transaction on Monday, December 15th. The stock was acquired at an average cost of $0.80 per share, for a total transaction of $199,199.20. Following the purchase, the chief executive officer directly owned 366,709 shares of the company’s stock, valued at $293,367.20. This trade represents a 211.54% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 56.47% of the company’s stock.
Institutional Investors Weigh In On Strive
Several institutional investors and hedge funds have recently modified their holdings of ASST. Hudson Bay Capital Management LP bought a new stake in Strive in the 2nd quarter valued at $27,778,000. McElhenny Sheffield Capital Management LLC bought a new position in shares of Strive during the 2nd quarter valued at about $39,000. Ground Swell Capital LLC purchased a new position in shares of Strive during the second quarter valued at about $40,000. Bellecapital International Ltd. purchased a new position in shares of Strive during the second quarter valued at about $42,000. Finally, Anson Funds Management LP increased its holdings in shares of Strive by 4,028.5% in the third quarter. Anson Funds Management LP now owns 35,250,000 shares of the company’s stock worth $88,125,000 after purchasing an additional 36,147,300 shares during the last quarter. Institutional investors 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.