Strive, Inc. (NASDAQ:ASST – Get Free Report) shares were up 4% on Thursday. The stock traded as high as $30.25 and last traded at $30.1540. Approximately 2,188,683 shares traded hands during mid-day trading, a decline of 57% from the average session volume of 5,136,398 shares. The stock had previously closed at $28.99.
Wall Street Analyst Weigh In
A number of equities research analysts recently issued reports on the stock. B. Riley Financial increased their target price on shares of Strive from $26.00 to $33.00 and gave the stock a “buy” rating in a research report on Tuesday. HC Wainwright reduced their price target on shares of Strive from $37.00 to $36.00 and set a “buy” rating on the stock in a research report on Tuesday, August 11th. Weiss Ratings raised shares of Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 14th. TD Cowen reaffirmed a “buy” rating on shares of Strive in a report on Monday. Finally, Benchmark reiterated a “buy” rating on shares of Strive in a research note on Thursday, August 20th. Five research 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 currently has an average rating of “Moderate Buy” and a consensus target price of $29.80.
View Our Latest Research Report on ASST
Strive Trading Down 1.7%
Strive (NASDAQ:ASST – Get Free Report) last issued its quarterly earnings results on Monday, August 10th. The company reported ($3.65) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.95) by ($2.70). The firm had revenue of $2.94 million for 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%. Equities analysts predict that Strive, Inc. will post 1.17 earnings per share for the current year.
Insider Transactions at Strive
In other Strive news, Director Pierre Rochard bought 15,900 shares of the business’s stock in a transaction on Friday, August 14th. The shares were bought at an average cost of $12.54 per share, for a total transaction of $199,386.00. Following the transaction, the director owned 15,900 shares in the company, valued at approximately $199,386. This trade represents a ∞ increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 2.71% of the company’s stock.
Institutional Investors Weigh In On Strive
Several institutional investors have recently modified their holdings of ASST. Allworth Financial LP acquired a new position in Strive in the second quarter valued at approximately $66,000. AXQ Capital LP acquired a new stake in Strive during the 2nd quarter worth $110,000. Formidable Asset Management LLC acquired a new stake in Strive during the 1st quarter worth $113,000. The Manufacturers Life Insurance Company bought a new stake in shares of Strive during the 2nd quarter valued at $179,000. Finally, Corient Private Wealth LP bought a new stake in shares of Strive during the 2nd quarter valued at $448,000. Institutional investors and hedge funds own 5.52% of the company’s stock.
About Strive
Strive, Inc, formerly known as Asset Entities, Inc, is a bitcoin-focused financial company whose common stock trades on the Nasdaq under the symbol ASST. The company’s primary objective is to build and manage a bitcoin treasury while pursuing strategies intended to increase bitcoin exposure for its shareholders.
Strive’s activities include acquiring bitcoin, accessing capital markets and developing financial strategies related to digital assets. The company is led by Chief Executive Officer Matt Cole and was founded by entrepreneur and investor Vivek Ramaswamy.
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