Maxim Group Lowers Strive (NASDAQ:ASST) Price Target to $20.00

Key Points

• Maxim Group cut its price target for Strive (NASDAQ:ASST) from $30.00 to $20.00 while maintaining a "buy" rating, implying roughly a 100% upside from the recent close.
• Analyst views are mixed: MarketBeat shows a consensus rating of Moderate Buy with a consensus price target of $16.00, and individual ratings range from Strong Buy to Sell.
• Insiders have been buying shares recently (CFO purchased 6,214 shares at $8.06; CEO bought 25,000 shares at $18.40, with insiders acquiring 39,114 shares total), despite the stock trading near $9.99, extreme 52‑week volatility and weak recent fundamentals (quarterly EPS -$4.73, deeply negative ROE and net margin).

Strive (NASDAQ:ASST - Get Free Report) had its price objective lowered by investment analysts at Maxim Group from $30.00 to $20.00 in a note issued to investors on Monday,Benzinga reports. The firm presently has a "buy" rating on the stock. Maxim Group's target price would suggest a potential upside of 100.30% from the company's previous close.

Other analysts also recently issued reports about the stock. B. Riley Financial began coverage on shares of Strive in a research note on Tuesday, March 10th. They issued a "buy" rating and a $12.00 price target for the company. Weiss Ratings reissued a "sell (e-)" rating on shares of Strive in a research note on Monday, December 29th. Zacks Research upgraded Strive to a "hold" rating in a report on Wednesday, March 11th. Finally, Wall Street Zen lowered Strive from a "hold" rating to a "sell" rating in a research report on Saturday. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $16.00.

Strive Stock Performance

ASST traded down $0.04 on Monday, reaching $9.99. The company had a trading volume of 1,625,001 shares, compared to its average volume of 4,860,239. Strive has a 52-week low of $7.02 and a 52-week high of $268.40. The company has a market cap of $666.80 million, a price-to-earnings ratio of -1.66 and a beta of 17.08. The business has a 50 day simple moving average of $11.94 and a 200 day simple moving average of $28.88.

Strive (NASDAQ:ASST - Get Free Report) last released its quarterly earnings results on Saturday, January 31st. The company reported ($4.73) EPS for the quarter. Strive had a negative return on equity of 122.88% and a negative net margin of 7,335.00%.

Insiders Place Their Bets

In related news, CFO Benjamin Pham purchased 6,214 shares of Strive stock in a transaction dated Wednesday, February 18th. The stock was purchased at an average cost of $8.06 per share, for a total transaction of $50,084.84. Following the completion of the acquisition, the chief financial officer directly owned 6,214 shares of the company's stock, valued at $50,084.84. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Matthew Ryan Cole bought 25,000 shares of the firm's stock in a transaction on Tuesday, January 13th. The stock was purchased at an average cost of $18.40 per share, with a total value of $460,000.00. Following the completion of the acquisition, the chief executive officer directly owned 38,150 shares of the company's stock, valued at approximately $701,960. The trade was a 190.11% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last three months, insiders bought 39,114 shares of company stock worth $575,102. Insiders own 2.71% of the company's stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Corient Private Wealth LLC purchased a new position in Strive in the fourth quarter worth about $388,000. TRU Independence Asset Management 2 LLC purchased a new position in shares of Strive during the 4th quarter worth $63,000. Kera Capital Partners Inc. purchased a new stake in shares of Strive in the 4th quarter worth $36,000. Virtu Financial LLC bought a new position in Strive in the 4th quarter worth $76,000. Finally, Invesco Ltd. purchased a new position in Strive during the fourth quarter valued at $209,000. 5.52% of the stock is owned by institutional investors.

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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