Strive (NASDAQ:ASST) Sees Unusually-High Trading Volume - What's Next?

Key Points

• Strive shares rose 9.2% to $25.78 amid unusually high trading volume of about 3.85 million shares, although volume declined 18% from the prior session.
• Analysts maintain a generally positive outlook, with six Buy ratings, one Hold and one Sell; the average price target is $27.20, despite recent target changes.
• The company reported a significant quarterly loss of $3.65 per share, missing estimates by $2.70, while revenue slightly missed expectations. Director Pierre Rochard bought 15,900 shares, and insiders own 2.71% of the stock.

Shares of Strive, Inc. (NASDAQ:ASST - Get Free Report) saw unusually-strong trading volume on Thursday . Approximately 3,846,339 shares were traded during trading, a decline of 18% from the previous session's volume of 4,706,793 shares.The stock last traded at $25.78 and had previously closed at $24.32.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ASST shares. Wall Street Zen upgraded shares of Strive from a "strong sell" rating to a "sell" rating in a research report on Saturday, May 16th. Benchmark restated a "buy" rating on shares of Strive in a research note on Thursday, August 20th. B. Riley Financial boosted their price target on shares of Strive from $19.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, May 15th. HC Wainwright reduced their price target on shares of Strive from $37.00 to $36.00 and set a "buy" rating for the company in a research report on Tuesday, August 11th. Finally, Weiss Ratings upgraded shares of Strive from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, July 14th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Strive currently has an average rating of "Moderate Buy" and an average price target of $27.20.

Strive Trading Up 9.2%

The stock has a 50 day moving average price of $14.12 and a 200 day moving average price of $13.30. The company has a market cap of $2.27 billion, a PE ratio of -3.01 and a beta of 13.34.

Strive (NASDAQ:ASST - Get Free Report) last announced its earnings results on Monday, August 10th. The company reported ($3.65) earnings per share for the quarter, missing analysts' consensus estimates of ($0.95) by ($2.70). Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. The business had revenue of $2.94 million for the quarter, compared to the consensus estimate of $3.02 million. Equities analysts expect that Strive, Inc. will post -9.4 EPS for the current fiscal year.

Insider Buying and Selling at Strive

In related news, Director Pierre Rochard bought 15,900 shares of the company's stock in a transaction that occurred on Friday, August 14th. The shares were bought at an average price of $12.54 per share, for a total transaction of $199,386.00. Following the completion of the acquisition, the director owned 15,900 shares of the company's stock, valued at $199,386. This trade represents a ∞ increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.71% of the stock is owned by insiders.

Institutional Trading of Strive

Several hedge funds have recently bought and sold shares of ASST. TRU Independence Asset Management 2 LLC bought a new stake in Strive during the 4th quarter worth approximately $63,000. Pinnacle Associates Ltd. bought a new position in Strive in the 4th quarter worth $26,000. Atlas Wealth LLC bought a new stake in Strive during the fourth quarter valued at about $97,000. Larson Financial Group LLC purchased a new position in shares of Strive in the fourth quarter valued at about $32,000. Finally, J. Derek Lewis & Associates Inc. purchased a new stake in shares of Strive during the fourth quarter worth about $71,000. Institutional investors own 5.52% of the company's stock.

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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