Strive Target of Unusually Large Options Trading (NASDAQ:ASST)

Key Points

• Unusually high options activity: Investors purchased 49,197 ASST call options, about 58% above the stock’s typical call volume.
• Sharp share-price movement: Strive shares rose $0.74 to $27.64 during Friday trading, with volume exceeding its average. The stock remains highly volatile, with a beta of 13.36 and a 12-month range of $7.02 to $190.36.
• Mixed fundamentals but favorable analyst outlook: Strive significantly missed its latest quarterly EPS estimate and reported steeply negative profitability metrics, while analysts maintained an overall “Moderate Buy” rating with an average price target of $28.40.

Strive, Inc. (NASDAQ:ASST - Get Free Report) saw some unusual options trading activity on Friday. Investors purchased 49,197 call options on the stock. This is an increase of approximately 58% compared to the typical volume of 31,041 call options.

Strive Price Performance

Shares of ASST traded up $0.74 during midday trading on Friday, hitting $27.64. The stock had a trading volume of 6,488,675 shares, compared to its average volume of 4,884,179. The company has a 50 day simple moving average of $15.95 and a two-hundred day simple moving average of $14.10. Strive has a twelve month low of $7.02 and a twelve month high of $190.36. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of -3.13 and a beta of 13.36.

Strive (NASDAQ:ASST - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported ($3.65) earnings per share for the quarter, missing the consensus estimate of ($0.95) by ($2.70). The firm had revenue of $2.94 million for the quarter, compared to analyst estimates of $3.02 million. Strive had a negative return on equity of 141.47% and a negative net margin of 10,957.22%. Analysts forecast that Strive will post 1.17 EPS for the current fiscal year.

Insider Activity at Strive

In other Strive news, Director Pierre Rochard acquired 15,900 shares of the company's stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average price of $12.54 per share, with a total value of $199,386.00. Following the purchase, the director owned 15,900 shares of the company's stock, valued at $199,386. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 2.71% of the stock is currently owned by corporate insiders.

Institutional Trading of Strive

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sanctuary Advisors LLC acquired a new position in Strive during the fourth quarter worth $25,000. Valtinson Bruner Financial Planning LLC acquired a new position in shares of Strive during the 4th quarter worth about $25,000. Pinnacle Associates Ltd. acquired a new position in shares of Strive during the 4th quarter worth about $26,000. Two Sigma Investments LP bought a new position in shares of Strive in the 3rd quarter valued at about $27,000. Finally, Verition Fund Management LLC bought a new position in shares of Strive in the 3rd quarter valued at about $28,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ASST has been the subject of several recent analyst reports. Weiss Ratings upgraded Strive from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, July 14th. B Riley reiterated a "buy" rating on shares of Strive in a report on Thursday, September 3rd. HC Wainwright lowered their target price on Strive from $37.00 to $36.00 and set a "buy" rating for the company in a research note on Tuesday, August 11th. B. Riley Financial raised their target price on shares of Strive from $16.00 to $26.00 and gave the stock a "buy" rating in a report on Thursday, September 3rd. Finally, Wall Street Zen raised shares of Strive from a "strong sell" rating to a "sell" rating in a research note on Saturday, May 16th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $28.40.

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.

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