Maxim Group Cuts Strive (NASDAQ:ASST) Price Target to $20.00

Strive (NASDAQ:ASST) had its price target lowered by Maxim Group from $30.00 to $20.00 in a research report released on Monday,Benzinga reports. The brokerage currently has a buy rating on the stock.

Several other research firms have also recently weighed in on ASST. Zacks Research raised Strive to a “hold” rating in a research report on Wednesday, March 11th. Wall Street Zen lowered Strive from a “hold” rating to a “sell” rating in a research report on Saturday, March 21st. B. Riley Financial began coverage on Strive in a research note on Tuesday, March 10th. They issued a “buy” rating and a $12.00 target price on the stock. Finally, Weiss Ratings reaffirmed a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $16.00.

Strive Stock Up 9.3%

Shares of NASDAQ:ASST opened at $10.85 on Monday. The firm has a market cap of $724.56 million, a price-to-earnings ratio of -1.81 and a beta of 17.08. Strive has a 12 month low of $7.02 and a 12 month high of $268.40. The company’s fifty day simple moving average is $11.32 and its 200 day simple moving average is $27.49.

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 return on equity of 122.88% and a negative net margin of 7,335.00%.

Insider Transactions at Strive

In related news, CFO Benjamin Pham bought 7,900 shares of the company’s stock in a transaction that occurred on Tuesday, February 17th. The shares were acquired at an average price of $8.23 per share, for a total transaction of $65,017.00. Following the completion of the acquisition, the chief financial officer owned 7,900 shares of the company’s stock, valued at approximately $65,017. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Matthew Ryan Cole purchased 25,000 shares of Strive stock in a transaction that occurred on Tuesday, January 13th. The shares were bought at an average cost of $18.40 per share, with a total value of $460,000.00. Following the completion of the transaction, the chief executive officer directly owned 38,150 shares of the company’s stock, valued at approximately $701,960. The trade was a 190.11% increase in their position. The SEC filing for this purchase provides additional information. Over the last 90 days, insiders have bought 39,114 shares of company stock valued at $575,102. Company insiders own 2.71% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the stock. Tower Research Capital LLC TRC raised its stake in shares of Strive by 180.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock worth $41,000 after purchasing an additional 7,057 shares in the last quarter. Engineers Gate Manager LP bought a new position in shares of Strive in the second quarter valued at $40,000. Two Sigma Investments LP bought a new position in shares of Strive in the third quarter valued at $27,000. Osaic Holdings Inc. acquired a new position in Strive during the second quarter worth $41,000. Finally, Verition Fund Management LLC bought a new stake in Strive during the third quarter worth $28,000. Institutional investors and hedge funds own 5.52% of the company’s stock.

About Strive

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.