Strive (NASDAQ:ASST) Releases Quarterly Earnings Results, Misses Estimates By $2.49 EPS

Strive (NASDAQ:ASST) posted its quarterly earnings results on Thursday. The company reported ($5.19) EPS for the quarter, missing the consensus estimate of ($2.70) by ($2.49), FiscalAI reports. Strive had a negative net margin of 7,335.00% and a negative return on equity of 122.88%. The business had revenue of $2.76 million during the quarter, compared to analyst estimates of $2.73 million.

Strive Trading Up 5.8%

Strive stock traded up $0.97 during midday trading on Thursday, reaching $17.71. 5,335,820 shares of the stock traded hands, compared to its average volume of 4,346,656. The firm has a fifty day moving average price of $12.33 and a two-hundred day moving average price of $15.85. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of -2.95 and a beta of 13.46. Strive has a fifty-two week low of $7.02 and a fifty-two week high of $268.40.

Analysts Set New Price Targets

ASST has been the subject of several research reports. Zacks Research raised shares of Strive to a “hold” rating in a report on Wednesday, March 11th. Maxim Group decreased their price target on shares of Strive from $30.00 to $20.00 and set a “buy” rating for the company in a report on Monday, March 23rd. TD Cowen initiated coverage on shares of Strive in a report on Friday, April 10th. They issued a “buy” rating and a $26.00 price target for the company. Wall Street Zen lowered shares of Strive from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Strive in a report on Wednesday, April 29th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $23.50.

Insider Transactions at Strive

In other news, CFO Benjamin Pham bought 7,900 shares of Strive stock in a transaction on Tuesday, February 17th. The stock was purchased at an average cost of $8.23 per share, with a total value of $65,017.00. Following the purchase, the chief financial officer directly owned 7,900 shares of the company’s stock, valued at approximately $65,017. This trade represents a ? increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.71% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of ASST. Two Sigma Investments LP acquired a new position in Strive during the 3rd quarter valued at about $27,000. Verition Fund Management LLC bought a new stake in shares of Strive during the 3rd quarter worth about $28,000. Arkadios Wealth Advisors bought a new stake in shares of Strive during the 4th quarter worth about $39,000. Engineers Gate Manager LP bought a new stake in shares of Strive during the 2nd quarter worth about $40,000. Finally, Osaic Holdings Inc. bought a new stake in shares of Strive during the 2nd quarter worth about $41,000. 5.52% of the stock is owned by institutional investors and hedge funds.

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.