Strive (NASDAQ:ASST) Stock Price Down 9.9% – Here’s Why

Strive, Inc. (NASDAQ:ASST) traded down 9.9% on Monday . The company traded as low as $0.73 and last traded at $0.7401. 33,727,674 shares traded hands during trading, a decline of 68% from the average session volume of 104,831,477 shares. The stock had previously closed at $0.8211.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ASST. Wall Street Zen raised shares of Strive from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. Maxim Group set a $1.50 price target on shares of Strive and gave the stock a “buy” rating in a research report 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 assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $1.50.

Strive Stock Performance

The company has a fifty day moving average of $0.90 and a two-hundred day moving average of $2.36.

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

Insider Activity at Strive

In other Strive news, CEO Matthew Ryan Cole purchased 500,000 shares of Strive stock in a transaction that occurred on Tuesday, January 13th. The stock was acquired at an average price of $0.92 per share, with a total value of $460,000.00. Following 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders bought 956,456 shares of company stock worth $829,314. 2.84% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Strive

Several large investors have recently made changes to their positions in ASST. McElhenny Sheffield Capital Management LLC purchased a new position in shares of Strive in the second quarter valued at $39,000. Bellecapital International Ltd. purchased a new position in shares of Strive during the 2nd quarter valued at about $42,000. Ground Swell Capital LLC bought a new position in Strive during the second quarter valued at approximately $40,000. Geode Capital Management LLC grew its stake in shares of Strive by 362.6% during the second 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 during the last quarter. Finally, Creative Planning bought a new stake in Strive during the 2nd quarter valued at $79,000. 5.52% of the stock is owned by hedge funds and other institutional investors.

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.