Strive (NASDAQ:ASST) Director Purchases 15,900 Shares of Stock

Key Points

• Director Pierre Rochard purchased 15,900 Strive shares at an average price of $12.54, investing approximately $199,386 and increasing his ownership to 15,900 shares.
• Strive shares were trading up 7.2% at $13.20, but the company’s latest quarterly results missed expectations, with a loss of $3.65 per share versus the projected $0.95 loss and revenue of $2.94 million.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $27.20 price target; institutional ownership stands at 5.52% after several investors increased their positions.

Strive, Inc. (NASDAQ:ASST - Get Free Report) Director Pierre Rochard purchased 15,900 shares of the business's stock in a transaction on Friday, August 14th. The stock was purchased at an average cost of $12.54 per share, for a total transaction of $199,386.00. Following the acquisition, the director owned 15,900 shares in the company, valued at approximately $199,386. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

Strive Trading Up 7.2%

Shares of NASDAQ:ASST opened at $13.20 on Tuesday. The company has a market cap of $1.13 billion, a price-to-earnings ratio of -1.54 and a beta of 13.20. The company has a 50-day moving average price of $12.82 and a 200-day moving average price of $12.62. Strive, Inc. has a 12 month low of $7.02 and a 12 month high of $252.00.

Strive (NASDAQ:ASST - Get Free Report) last posted 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). The firm had revenue of $2.94 million for 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%. As a group, research analysts forecast that Strive, Inc. will post -9.4 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. HC Wainwright cut their price target on shares of Strive from $37.00 to $36.00 and set a "buy" rating on the stock in a report on Tuesday, August 11th. B. Riley Financial lifted their target price on shares of Strive from $19.00 to $20.00 and gave the company a "buy" rating in a research note on Friday, May 15th. TD Cowen decreased their price target on shares of Strive from $32.00 to $28.00 and set a "buy" rating for the company in a research note on Wednesday, July 22nd. Benchmark restated a "buy" rating on shares of Strive in a report on Monday, June 15th. Finally, Weiss Ratings upgraded Strive from a "sell (e+)" rating to a "sell (d-)" rating in a report on Tuesday, July 14th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Strive has a consensus rating of "Moderate Buy" and a consensus price target of $27.20.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Geode Capital Management LLC boosted its stake in Strive by 362.6% during the second quarter. Geode Capital Management LLC now owns 149,585 shares of the company's stock worth $561,000 after acquiring an additional 117,249 shares in the last quarter. Creative Planning purchased a new position in shares of Strive during the second quarter valued at approximately $79,000. XTX Topco Ltd bought a new stake in shares of Strive in the 2nd quarter worth approximately $126,000. Engineers Gate Manager LP bought a new stake in shares of Strive in the 2nd quarter worth approximately $40,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Strive by 180.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company's stock worth $41,000 after buying an additional 7,057 shares during the last quarter. 5.52% of the stock is owned by hedge funds and other institutional investors.

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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