Strive (NASDAQ:ASST) Shares Gap Down – What’s Next?

Strive, Inc. (NASDAQ:ASST) gapped down before the market opened on Wednesday . The stock had previously closed at $24.00, but opened at $23.07. Strive shares last traded at $23.7560, with a volume of 2,583,432 shares traded.

Key Stories Impacting Strive

Here are the key news stories impacting Strive this week:

• Positive Sentiment: Strive said it raised funds to acquire 220 Bitcoin, extending an 11-day buying streak. The purchase would further increase the company’s Bitcoin holdings and reinforce its strategy of using crypto assets as a primary corporate treasury reserve. Strive raises funds to acquire 220 Bitcoin in 11-day streak
• Positive Sentiment: CEO Matt Cole suggested Strive could hold more than 27,000 Bitcoin by year-end. The ambitious target is fueling expectations that the company could become one of the largest publicly traded Bitcoin holders. Strive CEO Matt Cole hints Strive could exceed 27,000 Bitcoin by year-end
• Positive Sentiment: The CEO also said Strive could finish 2026 as the second-largest public Bitcoin holder. That outlook is adding momentum to the Bitcoin-treasury investment narrative behind ASST. Strive CEO says company could end 2026 as second-largest public Bitcoin holder
• Positive Sentiment: B. Riley raised its price target from $16 to $26 and reiterated a Buy rating, signaling improved confidence in Strive’s prospects, although the revised target is slightly below the stock’s referenced market level.
• Neutral Sentiment: Strive was included among stocks with short-squeeze potential. This may attract additional momentum traders, but any resulting gains could be volatile and dependent on continued buying pressure. 15 Stocks to Watch With Short Squeeze Potential
• Negative Sentiment: The company remains highly unprofitable, having recently reported a substantial EPS loss and negative margins. Funding continued Bitcoin purchases may also create dilution or financing risk, particularly if Bitcoin prices weaken.

Analysts Set New Price Targets

Several analysts have commented on ASST shares. B. Riley Financial lifted their price target on Strive from $16.00 to $26.00 and gave the company a “buy” rating in a report on Thursday. Weiss Ratings raised shares of Strive from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Tuesday, July 14th. TD Cowen lowered their target price on shares of Strive from $32.00 to $28.00 and set a “buy” rating for the company in a report on Wednesday, July 22nd. B Riley reaffirmed a “buy” rating on shares of Strive in a research report on Thursday. Finally, Wall Street Zen raised shares of Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $28.40.

Strive Stock Performance

The business has a fifty day moving average price of $14.42 and a 200 day moving average price of $13.43. The company has a market capitalization of $2.29 billion, a PE ratio of -3.03 and a beta of 13.36.

Strive (NASDAQ:ASST) last posted its earnings results on Monday, August 10th. The company reported ($3.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.95) by ($2.70). Strive had a negative return on equity of 141.47% and a negative net margin of 10,957.22%.The business had revenue of $2.94 million for the quarter, compared to analyst estimates of $3.02 million. Research analysts forecast that Strive, Inc. will post -9.4 earnings per share for the current fiscal year.

Insider Activity at Strive

In other Strive news, Director Pierre Rochard bought 15,900 shares of Strive stock in a transaction that occurred on Friday, August 14th. The shares were acquired at an average price of $12.54 per share, for a total transaction of $199,386.00. Following the acquisition, the director owned 15,900 shares of the company’s stock, valued at $199,386. The trade was a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 2.71% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. TRU Independence Asset Management 2 LLC acquired a new stake in Strive during the 4th quarter valued at $63,000. Pinnacle Associates Ltd. purchased a new position in shares of Strive during the 4th quarter valued at approximately $26,000. Atlas Wealth LLC acquired a new stake in shares of Strive during the fourth quarter worth approximately $97,000. Larson Financial Group LLC acquired a new stake in shares of Strive during the fourth quarter worth approximately $32,000. Finally, J. Derek Lewis & Associates Inc. bought a new stake in shares of Strive in the fourth quarter worth $71,000. 5.52% of the stock is owned by hedge funds and other institutional investors.

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.