Strive (ASST) to Release Earnings on Monday

Strive (NASDAQ:ASST) will likely be issuing its results before the market opens on Monday, February 9th. Analysts expect the company to announce earnings of ($0.01) per share and revenue of $1.80 million for the quarter.

Strive (NASDAQ:ASST) last announced its earnings results on Friday, November 14th. The company reported ($4.40) EPS for the quarter. The business had revenue of $1.54 million for the quarter.

Strive Stock Performance

NASDAQ:ASST opened at $11.91 on Friday. The company’s 50-day simple moving average is $17.46 and its 200-day simple moving average is $46.40. Strive has a fifty-two week low of $7.73 and a fifty-two week high of $268.40. The stock has a market capitalization of $10.65 billion, a P/E ratio of -39.70 and a beta of 16.87.

Insider Transactions at Strive

In other news, CEO Matthew Ryan Cole purchased 25,000 shares of the stock in a transaction on Tuesday, January 13th. The stock was bought at an average price of $18.40 per share, with a total value of $460,000.00. Following the transaction, the chief executive officer owned 38,150 shares in the company, valued at $701,960. The trade was a 190.11% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders acquired 47,821 shares of company stock valued at $829,285. Company insiders own 2.84% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ASST. Engineers Gate Manager LP acquired a new stake in shares of Strive during the second quarter worth about $40,000. Two Sigma Investments LP purchased a new position in Strive during the 3rd quarter worth approximately $27,000. Tower Research Capital LLC TRC lifted its stake in Strive by 180.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after acquiring an additional 7,057 shares during the period. Osaic Holdings Inc. acquired a new stake in Strive during the 2nd quarter valued at approximately $41,000. Finally, Verition Fund Management LLC purchased a new stake in shares of Strive in the 3rd quarter valued at $28,000. 5.52% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ASST has been the subject of a number of analyst reports. Maxim Group set a $30.00 target price on shares of Strive and gave the company a “buy” rating in a research report on Wednesday, December 10th. Weiss Ratings reiterated a “sell (e-)” rating on shares of Strive in a report on Monday, December 29th. Finally, Wall Street Zen upgraded Strive from a “sell” rating to a “hold” rating in a research note on Saturday, December 13th. One analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Strive has a consensus rating of “Hold” and an average price target of $30.00.

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.