Strive, Inc. (NASDAQ:ASST – Get Free Report) was the recipient of some unusual options trading on Friday. Traders acquired 49,197 call options on the company. This represents an increase of 58% compared to the average daily volume of 31,041 call options.
Strive Stock Up 2.7%
Shares of NASDAQ ASST traded up $0.74 during mid-day trading on Friday, reaching $27.64. 6,488,675 shares of the company were exchanged, compared to its average volume of 4,884,179. The company’s 50-day simple moving average is $15.95 and its 200-day simple moving average is $14.10. The stock has a market capitalization of $2.36 billion, a P/E ratio of -3.13 and a beta of 13.36. Strive has a twelve month low of $7.02 and a twelve month high of $190.36.
Strive (NASDAQ:ASST – Get Free Report) last announced 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 company had revenue of $2.94 million during the quarter, compared to analyst estimates of $3.02 million. Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. As a group, equities research analysts expect that Strive will post 1.17 EPS for the current year.
Insider Buying and Selling at Strive
Hedge Funds Weigh In On Strive
A number of large investors have recently made changes to their positions in ASST. Allworth Financial LP bought a new stake in shares of Strive in the second quarter valued at about $66,000. Tower Research Capital LLC TRC increased its position in Strive by 180.4% during the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock worth $41,000 after acquiring an additional 7,057 shares during the period. California State Teachers Retirement System bought a new position in Strive during the second quarter worth about $87,000. AXQ Capital LP acquired a new stake in Strive in the 2nd quarter worth about $110,000. Finally, Engineers Gate Manager LP acquired a new stake in Strive in the 2nd quarter worth about $40,000. Institutional investors own 5.52% of the company’s stock.
Analyst Upgrades and Downgrades
Several equities analysts recently weighed in on the stock. TD Cowen decreased their target price 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. Weiss Ratings raised shares of Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. Benchmark reiterated a “buy” rating on shares of Strive in a research note on Thursday, August 20th. B Riley reissued a “buy” rating on shares of Strive in a research report on Thursday, September 3rd. Finally, HC Wainwright lowered their price objective on shares of Strive from $37.00 to $36.00 and set a “buy” rating on the stock in a research note on Tuesday, August 11th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Strive presently has an average rating of “Moderate Buy” and an average price target of $28.40.
Read Our Latest Stock Analysis on ASST
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.
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