Investors Purchase Large Volume of Strive Call Options (NASDAQ:ASST)

Key Points

• Unusually heavy options activity: Investors purchased 86,321 Strive call options, nearly three times the stock’s average daily call volume.
• Insider and institutional interest: Director Pierre Rochard bought 15,900 shares worth approximately $199,386, while several hedge funds established new positions. Insiders own 2.71% of the company and institutions own 5.52%.
• Mixed investment outlook: Analysts have a “Moderate Buy” consensus with an average price target of $27.20, but Strive recently missed quarterly EPS estimates by $2.70 and continues to report significant losses.

Strive, Inc. (NASDAQ:ASST - Get Free Report) was the target of unusually large options trading activity on Friday. Stock investors acquired 86,321 call options on the stock. This represents an increase of approximately 195% compared to the average daily volume of 29,216 call options.

Insider Buying and Selling

In other news, Director Pierre Rochard bought 15,900 shares of the stock in a transaction on Friday, August 14th. The stock was acquired at an average price of $12.54 per share, with a total value of $199,386.00. Following the acquisition, the director directly owned 15,900 shares in the company, valued at approximately $199,386. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.71% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Strive

Hedge funds have recently bought and sold shares of the business. Sanctuary Advisors LLC bought a new position in Strive in the fourth quarter valued at about $25,000. Valtinson Bruner Financial Planning LLC bought a new stake in shares of Strive in the fourth quarter worth about $25,000. Pinnacle Associates Ltd. purchased a new stake in shares of Strive during the 4th quarter worth approximately $26,000. Verdence Capital Advisors LLC purchased a new position in shares of Strive in the 4th quarter worth $26,000. Finally, Two Sigma Investments LP purchased a new stake in Strive during the third quarter valued at approximately $27,000. Hedge funds and other institutional investors own 5.52% of the company's stock.

Analyst Ratings Changes

ASST has been the topic of a number of recent analyst reports. Wall Street Zen upgraded Strive from a "strong sell" rating to a "sell" rating in a research note on Saturday, May 16th. HC Wainwright decreased their target price on shares of Strive from $37.00 to $36.00 and set a "buy" rating on the stock in a research report on Tuesday, August 11th. Benchmark restated a "buy" rating on shares of Strive in a research report on Thursday. B. Riley Financial boosted their target price on Strive from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, May 15th. Finally, Weiss Ratings raised Strive from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, July 14th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $27.20.

Strive Price Performance

Strive stock traded up $2.64 during mid-day trading on Friday, reaching $18.77. 8,774,652 shares of the company traded hands, compared to its average volume of 4,285,593. The firm's 50 day moving average price is $12.83 and its 200 day moving average price is $12.59. Strive has a 52-week low of $7.02 and a 52-week high of $252.00. The firm has a market capitalization of $1.60 billion, a price-to-earnings ratio of -2.12 and a beta of 13.21.

Strive (NASDAQ:ASST - Get Free Report) last issued its quarterly earnings data on Monday, August 10th. The company reported ($3.65) EPS for the quarter, missing the consensus estimate of ($0.95) by ($2.70). The company had revenue of $2.94 million during the quarter, compared to analysts' expectations of $3.02 million. Strive had a negative return on equity of 141.47% and a negative net margin of 10,957.22%. On average, sell-side analysts anticipate that Strive will post -9.4 EPS for the current year.

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.

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