Strive (NASDAQ:ASST) CEO Matthew Ryan Cole Purchases 500,000 Shares

Strive, Inc. (NASDAQ:ASST) CEO Matthew Ryan Cole purchased 500,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 13th. The shares were acquired at an average cost of $0.92 per share, with a total value of $460,000.00. Following the completion of the transaction, the chief executive officer owned 763,012 shares in the company, valued at $701,971.04. This trade represents a 190.11% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Matthew Ryan Cole also recently made the following trade(s):

• On Monday, December 15th, Matthew Ryan Cole acquired 248,999 shares of Strive stock. The stock was bought at an average cost of $0.80 per share, for a total transaction of $199,199.20.
• On Monday, December 15th, Matthew Ryan Cole acquired 207,457 shares of Strive stock. The shares were bought at an average price of $0.82 per share, for a total transaction of $170,114.74.

Strive Stock Up 7.7%

Shares of NASDAQ ASST traded up $0.08 on Wednesday, hitting $1.05. The company had a trading volume of 85,338,612 shares, compared to its average volume of 129,117,391. Strive, Inc. has a 12-month low of $0.39 and a 12-month high of $13.42. The firm has a market capitalization of $852.18 million, a P/E ratio of -3.45 and a beta of 16.86. The business has a 50 day moving average of $1.02 and a two-hundred day moving average of $2.86.

Strive (NASDAQ:ASST) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. The business had revenue of $1.54 million for the quarter.

Institutional Investors Weigh In On Strive

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC lifted its holdings in Strive by 180.4% during 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. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Strive during the 2nd quarter valued at approximately $39,000. Engineers Gate Manager LP bought a new position in Strive during the second quarter worth $40,000. Two Sigma Investments LP bought a new position in Strive during the third quarter worth $27,000. Finally, Ground Swell Capital LLC acquired a new position in Strive in the second quarter worth $40,000. Institutional investors own 5.52% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on ASST. Wall Street Zen raised shares of Strive from a “sell” rating to a “hold” rating in a research report on Saturday, December 13th. Maxim Group set a $1.50 price target on Strive and gave the stock a “buy” rating in a research note on Wednesday, December 10th. Finally, Weiss Ratings restated a “sell (e-)” rating on shares of Strive in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, Strive presently has an average rating of “Hold” and a consensus target price of $1.50.

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.