Strive (NASDAQ:ASST) Shares Gap Up - Time to Buy?

Key Points

• Shares of Strive (NASDAQ:ASST) gapped up, opening at $16.38 from a $15.31 close and last trading around $17.25 (up ~11.8%) on volume of about 1.79 million shares.
• Analyst coverage is mixed but leans positive with a MarketBeat consensus of "Moderate Buy" and an average price target of $23.50 (individual targets range from $12 to $36, with two Strong Buy, two Buy, one Hold and one Sell).
• The company remains deeply unprofitable—reporting ($4.73) EPS last quarter, a negative ROE and extreme net losses—yet insiders showed confidence when the CFO purchased 6,214 shares at $8.06; institutional ownership is low (~5.5%).

Strive, Inc. (NASDAQ:ASST - Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $15.31, but opened at $16.38. Strive shares last traded at $17.25, with a volume of 1,785,886 shares trading hands.

Analysts Set New Price Targets

Several analysts have commented on the stock. HC Wainwright assumed coverage on shares of Strive in a research note on Tuesday. They set a "buy" rating and a $36.00 price objective for the company. Weiss Ratings reaffirmed a "sell (e-)" rating on shares of Strive in a report on Monday, December 29th. Zacks Research raised shares of Strive to a "hold" rating in a report on Wednesday, March 11th. TD Cowen began coverage on shares of Strive in a report on Friday, April 10th. They set a "buy" rating and a $26.00 target price for the company. Finally, B. Riley Financial began coverage on shares of Strive in a report on Tuesday, March 10th. They set a "buy" rating and a $12.00 target price for the company. Two investment analysts have rated the stock with a Strong Buy rating, two have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, Strive has a consensus rating of "Moderate Buy" and an average target price of $23.50.

Strive Trading Up 11.8%

The company has a market cap of $1.18 billion, a PE ratio of -2.88 and a beta of 15.29. The firm's fifty day moving average is $9.89 and its 200 day moving average is $16.84.

Strive (NASDAQ:ASST - Get Free Report) last issued 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%. As a group, sell-side analysts anticipate that Strive, Inc. will post -0.63 EPS for the current fiscal year.

Insider Activity

In other Strive news, CFO Benjamin Pham bought 6,214 shares of the company's stock in a transaction dated Wednesday, February 18th. The stock was acquired at an average price of $8.06 per share, with a total value 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. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.71% of the stock is owned by insiders.

Institutional Investors Weigh In On Strive

Large investors have recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new stake in shares of 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 valued at about $25,000. Institute for Wealth Management LLC. acquired a new position in shares of Strive during the 4th quarter valued at about $26,000. Verdence Capital Advisors LLC acquired a new position in shares of Strive during the 4th quarter valued at about $26,000. Finally, Pinnacle Associates Ltd. acquired a new position in shares of Strive during the 4th quarter valued at about $26,000. Hedge funds and other 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.