Strive (NASDAQ:ASST) Sees Large Volume Increase - Time to Buy?

Key Points

• Strive shares rose to $18.33 from $16.13 amid heavy trading, with approximately 2.9 million shares changing hands.
• Analysts maintain a generally positive outlook, with five Buy ratings, one Hold and one Sell; the consensus rating is “Moderate Buy” with a $27.20 price target.
• The company reported a significant quarterly loss of $3.65 per share versus the expected $0.95 loss, alongside $2.94 million in revenue, while director Pierre Rochard purchased nearly $199,000 worth of shares.

Strive, Inc. (NASDAQ:ASST - Get Free Report) shares saw unusually-strong trading volume on Friday . Approximately 2,892,921 shares traded hands during trading, a decline of 32% from the previous session's volume of 4,249,362 shares.The stock last traded at $18.33 and had previously closed at $16.13.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. TD Cowen reduced their price objective 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. Wall Street Zen upgraded Strive from a "strong sell" rating to a "sell" rating in a research note on Saturday, May 16th. Weiss Ratings raised Strive from a "sell (e+)" rating to a "sell (d-)" rating in a research note on Tuesday, July 14th. HC Wainwright reduced their target price on Strive from $37.00 to $36.00 and set a "buy" rating for the company in a report on Tuesday, August 11th. Finally, B. Riley Financial lifted 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. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Strive has an average rating of "Moderate Buy" and a consensus price target of $27.20.

Strive Stock Performance

The stock has a market cap of $1.62 billion, a P/E ratio of -2.14 and a beta of 13.21. The firm has a 50 day moving average of $12.83 and a two-hundred day moving average of $12.59.

Strive (NASDAQ:ASST - Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported ($3.65) EPS for the quarter, missing analysts' consensus estimates of ($0.95) by ($2.70). The business 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%. On average, sell-side analysts anticipate that Strive, Inc. will post -9.4 EPS for the current fiscal year.

Insider Transactions at Strive

In related news, Director Pierre Rochard acquired 15,900 shares of the company's stock in a transaction dated 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 acquisition, the director owned 15,900 shares in the company, valued at $199,386. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.71% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Strive

Several large investors have recently added to or reduced their stakes in ASST. Tower Research Capital LLC TRC raised its stake in shares of Strive by 180.4% in the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company's stock valued at $41,000 after purchasing an additional 7,057 shares in the last quarter. Engineers Gate Manager LP bought a new position in Strive in the second quarter worth $40,000. Two Sigma Investments LP acquired a new stake in Strive during the third quarter worth $27,000. Osaic Holdings Inc. acquired a new stake in Strive during the second quarter worth $41,000. Finally, Formidable Asset Management LLC bought a new stake in Strive in the 1st quarter valued at $113,000. Institutional investors and hedge funds own 5.52% of the company's stock.

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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