Shares of Strive, Inc. (NASDAQ:ASST - Get Free Report) fell 9.8% during mid-day trading on Friday . The stock traded as low as $9.33 and last traded at $9.3940. 1,470,120 shares were traded during trading, a decline of 69% from the average session volume of 4,716,811 shares. The stock had previously closed at $10.41.
Wall Street Analysts Forecast Growth
Several equities analysts have recently commented on the company. B. Riley Financial started coverage on Strive in a research report on Tuesday, March 10th. They issued a "buy" rating and a $12.00 target price on the stock. Maxim Group reduced their price target on Strive from $30.00 to $20.00 and set a "buy" rating for the company in a research note on Monday. Zacks Research raised Strive to a "hold" rating in a report on Wednesday, March 11th. Wall Street Zen cut Strive from a "hold" rating to a "sell" rating in a research report on Saturday, March 21st. Finally, Weiss Ratings reissued a "sell (e-)" rating on shares of Strive in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $16.00.
Get Our Latest Stock Analysis on ASST
Strive Stock Down 6.9%
The company's fifty day moving average price is $11.14 and its 200 day moving average price is $27.37. The company has a market capitalization of $647.43 million, a P/E ratio of -1.62 and a beta of 17.08.
Strive (NASDAQ:ASST - Get Free Report) last issued its quarterly earnings results on Saturday, January 31st. The company reported ($4.73) earnings per share (EPS) for the quarter. Strive had a negative net margin of 7,335.00% and a negative return on equity of 122.88%.
Insiders Place Their Bets
In related news, CFO Benjamin Pham purchased 6,214 shares of the company's stock in a transaction that occurred on 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 purchase, the chief financial officer directly owned 6,214 shares in the company, valued at $50,084.84. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Matthew Ryan Cole purchased 25,000 shares of the company's stock in a transaction that occurred on Tuesday, January 13th. The stock was bought at an average cost of $18.40 per share, with a total value of $460,000.00. Following the purchase, the chief executive officer owned 38,150 shares of the company's stock, valued at $701,960. This represents a 190.11% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have bought 39,114 shares of company stock valued at $575,102. Corporate insiders own 2.71% of the company's stock.
Hedge Funds Weigh In On Strive
Hedge funds have recently bought and sold shares of the company. Geode Capital Management LLC raised its position in shares of Strive by 362.6% in the 2nd quarter. Geode Capital Management LLC now owns 149,585 shares of the company's stock valued at $561,000 after buying an additional 117,249 shares in the last quarter. Creative Planning acquired a new stake in shares of Strive during the 2nd quarter worth approximately $79,000. XTX Topco Ltd bought a new position in Strive in the second quarter valued at approximately $126,000. Engineers Gate Manager LP bought a new position in Strive in the second quarter valued at approximately $40,000. Finally, Hudson Bay Capital Management LP acquired a new position in Strive during the second quarter valued at approximately $27,778,000. 5.52% of the stock is owned by institutional investors.
About Strive
(
Get Free Report)
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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