Strive (NASDAQ:ASST) Announces Quarterly Earnings Results

Strive (NASDAQ:ASST) issued its earnings results on Monday. The company reported ($3.65) EPS for the quarter, missing the consensus estimate of ($0.95) by ($2.70), FiscalAI reports. The firm had revenue of $2.94 million during the quarter, compared to the consensus estimate of $3.02 million. Strive had a negative net margin of 9,655.92% and a negative return on equity of 139.10%.

Strive Stock Down 0.3%

ASST stock opened at $12.44 on Tuesday. The company has a debt-to-equity ratio of 0.01, a current ratio of 11.44 and a quick ratio of 11.44. The stock has a market capitalization of $909.12 million, a P/E ratio of -1.45 and a beta of 13.20. The business has a 50-day moving average of $13.06 and a 200-day moving average of $12.77. Strive has a fifty-two week low of $7.02 and a fifty-two week high of $252.00.

Analyst Upgrades and Downgrades

A number of analysts recently commented on the stock. B. Riley Financial upped their price objective on shares of Strive from $19.00 to $20.00 and gave the company a “buy” rating in a research report on Friday, May 15th. Benchmark reiterated a “buy” rating on shares of Strive in a report on Monday, June 15th. Weiss Ratings raised Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Tuesday, July 14th. Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a report on Saturday, May 16th. Finally, HC Wainwright increased their price target on Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a report on Friday, May 15th. Five investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Strive currently has a consensus rating of “Moderate Buy” and a consensus target price of $27.60.

Institutional Investors Weigh In On Strive

Hedge funds and other institutional investors have recently bought and sold shares of the company. Geode Capital Management LLC boosted its position in Strive by 362.6% during the 2nd quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock worth $561,000 after acquiring an additional 117,249 shares during the last quarter. Creative Planning acquired a new stake in shares of Strive in the second quarter valued at approximately $79,000. XTX Topco Ltd acquired a new stake in shares of Strive in the second quarter valued at approximately $126,000. Engineers Gate Manager LP acquired a new stake in shares of Strive in the second quarter valued at approximately $40,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of Strive by 180.4% in the second 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. Institutional investors and hedge funds own 5.52% of the company’s stock.

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.