Stock Traders Buy High Volume of Strive Call Options (NASDAQ:ASST)

Strive, Inc. (NASDAQ:ASST) was the target of unusually large options trading activity on Friday. Traders purchased 50,286 call options on the stock. This represents an increase of 48% compared to the typical daily volume of 34,081 call options.

Insider Transactions at Strive

In other news, Director Pierre Rochard purchased 15,900 shares of the business’s stock in a transaction on Friday, August 14th. The stock was purchased at an average cost of $12.54 per share, with a total value of $199,386.00. Following the acquisition, the director directly owned 15,900 shares in the company, valued at approximately $199,386. This trade represents a ? increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 2.71% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Strive

Large investors have recently added to or reduced their stakes in the company. State Street Corp bought a new stake in Strive in the 2nd quarter worth approximately $16,395,000. The Manufacturers Life Insurance Company bought a new position in Strive during the second quarter valued at approximately $179,000. Squarepoint Ops LLC purchased a new position in shares of Strive during the second quarter worth approximately $1,394,000. Allworth Financial LP purchased a new position in shares of Strive during the second quarter worth approximately $66,000. Finally, Corient Private Wealth LP purchased a new position in shares of Strive during the second quarter worth approximately $448,000. Hedge funds and other institutional investors own 5.52% of the company’s stock.

Strive Price Performance

ASST stock traded up $0.23 during midday trading on Friday, reaching $30.34. The company had a trading volume of 5,346,124 shares, compared to its average volume of 5,165,417. The firm has a 50-day moving average price of $20.93 and a 200-day moving average price of $16.26. The company has a market capitalization of $2.59 billion, a P/E ratio of -3.41 and a beta of 13.25. Strive has a 1 year low of $7.02 and a 1 year high of $54.80.

Strive (NASDAQ:ASST) last posted its quarterly earnings data on Monday, August 10th. The company reported ($3.65) earnings per share for the quarter, missing the consensus estimate of ($0.95) by ($2.70). Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. The company had revenue of $2.94 million for the quarter, compared to analysts’ expectations of $3.02 million. On average, equities analysts predict that Strive will post 1.17 EPS for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ASST shares. TD Cowen reiterated a “buy” rating on shares of Strive in a research report on Monday, September 21st. HC Wainwright reduced their target price on Strive from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Benchmark restated a “buy” rating on shares of Strive in a research note on Thursday, August 20th. Weiss Ratings upgraded Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 14th. Finally, B. Riley Financial raised their price target on Strive from $26.00 to $33.00 and gave the company a “buy” rating in a report on Tuesday, September 22nd. Five investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $29.80.

About Strive

Strive, Inc is a financial services company operating under the Strive brand. Its business is focused on providing investment management and related financial products, with an emphasis on long-term capital preservation, shareholder rights and policies intended to promote value creation for investors.

The company’s activities include asset management and the development of investment vehicles designed to give clients exposure to selected investment strategies and markets. Strive has also pursued a Bitcoin-focused treasury strategy, making digital assets an important part of its corporate and investment positioning.

Strive’s current public-company structure resulted from the combination of Strive Enterprises and Asset Entities Inc, a social media and digital marketing company whose Nasdaq-listed shares traded under the symbol ASST.