Strive Target of Unusually Large Options Trading (NASDAQ:ASST)

Strive, Inc. (NASDAQ:ASST) was the recipient of some unusual options trading activity on Wednesday. Stock traders purchased 231,027 call options on the company. This represents an increase of approximately 275% compared to the typical daily volume of 61,533 call options.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ASST. B. Riley Financial began coverage on shares of Strive in a research report on Tuesday, March 10th. They issued a “buy” rating and a $12.00 price objective on the stock. Weiss Ratings restated a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. HC Wainwright began coverage on shares of Strive in a research report on Tuesday. They issued a “buy” rating and a $36.00 price objective on the stock. Wall Street Zen cut shares of Strive from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. Finally, TD Cowen started coverage on shares of Strive in a research report on Friday, April 10th. They issued a “buy” rating and a $26.00 price objective on the stock. Two research analysts have rated the stock with a Strong Buy rating, two have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $23.50.

Strive Stock Up 9.5%

Shares of ASST traded up $1.45 during trading hours on Wednesday, reaching $16.76. 4,281,236 shares of the company traded hands, compared to its average volume of 4,531,525. The company’s fifty day moving average price is $9.89 and its two-hundred day moving average price is $16.84. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of -2.79 and a beta of 15.29. Strive has a 12 month low of $7.02 and a 12 month high of $268.40.

Strive (NASDAQ:ASST) last announced its earnings results on Saturday, January 31st. The company reported ($4.73) earnings per share for the quarter. Strive had a negative net margin of 7,335.00% and a negative return on equity of 122.88%. On average, analysts expect that Strive will post -0.63 EPS for the current year.

Insider Activity

In other news, CFO Benjamin Pham acquired 7,900 shares of the firm’s stock in a transaction on Tuesday, February 17th. The shares were purchased at an average price of $8.23 per share, for a total transaction of $65,017.00. Following the completion of the transaction, the chief financial officer owned 7,900 shares of the company’s stock, valued at $65,017. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.71% of the company’s stock.

Institutional Investors Weigh In On Strive

A number of large investors have recently modified their holdings of ASST. Yorkville Advisors Global LP bought a new stake in shares of Strive during the 3rd quarter valued at about $92,593,000. Anson Funds Management LP boosted its stake in shares of Strive by 4,028.5% during the 3rd quarter. Anson Funds Management LP now owns 35,250,000 shares of the company’s stock valued at $88,125,000 after purchasing an additional 36,147,300 shares in the last quarter. Alyeska Investment Group L.P. bought a new stake in shares of Strive during the 3rd quarter valued at about $84,375,000. MMCAP International Inc. SPC bought a new stake in Strive during the third quarter worth about $46,296,000. Finally, Woodline Partners LP bought a new stake in Strive during the third quarter worth about $31,481,000. 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.