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

Strive, Inc. (NASDAQ:ASST) saw some unusual options trading on Tuesday. Investors bought 88,810 call options on the company. This is an increase of 46% compared to the typical volume of 60,676 call options.

Strive Stock Down 1.9%

Shares of ASST stock opened at $16.74 on Thursday. The stock has a market cap of $1.16 billion, a PE ratio of -2.79 and a beta of 13.46. The business has a 50-day simple moving average of $12.14 and a 200-day simple moving average of $15.88. Strive has a 52-week low of $7.02 and a 52-week high of $268.40.

Strive (NASDAQ:ASST) last issued its quarterly earnings data on Saturday, January 31st. The company reported ($4.73) earnings per share (EPS) for the quarter. Strive had a negative net margin of 7,335.00% and a negative return on equity of 122.88%. Sell-side analysts anticipate that Strive will post 0.97 earnings per share for the current fiscal year.

Insider Transactions at Strive

In related news, CFO Benjamin Pham bought 6,214 shares of the business’s stock in a transaction dated Wednesday, February 18th. The shares were purchased at an average price of $8.06 per share, with a total value of $50,084.84. Following the transaction, the chief financial officer owned 6,214 shares in the company, valued at $50,084.84. This trade represents a ∞ increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 2.71% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Strive

A number of large investors have recently made changes to their positions in ASST. Yorkville Advisors Global LP purchased a new stake in shares of Strive in the third quarter valued at approximately $92,593,000. Anson Funds Management LP grew its position in shares of Strive by 4,028.5% in the third 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. purchased a new stake in shares of Strive in the third quarter valued at approximately $84,375,000. MMCAP International Inc. SPC purchased a new stake in shares of Strive in the third quarter valued at approximately $46,296,000. Finally, Woodline Partners LP purchased a new stake in shares of Strive in the third quarter valued at approximately $31,481,000. 5.52% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have commented on ASST. HC Wainwright began coverage on Strive in a report on Tuesday, April 21st. They set a “buy” rating and a $36.00 price objective on the stock. TD Cowen began coverage on Strive in a report on Friday, April 10th. They set a “buy” rating and a $26.00 price objective on the stock. Wall Street Zen downgraded Strive from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. B. Riley Financial reiterated a “buy” rating on shares of Strive in a report on Wednesday, April 29th. Finally, Maxim Group cut their price target on Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a report on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $23.50.

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.