Strive (ASST) Projected to Post Earnings on Monday

Strive (NASDAQ:ASST) is expected to be releasing its results before the market opens on Monday, February 9th. Analysts expect Strive to post earnings of ($0.01) per share and revenue of $1.80 million for the quarter.

Strive (NASDAQ:ASST) last issued its quarterly earnings data on Friday, November 14th. The company reported ($0.22) earnings per share (EPS) for the quarter. The business had revenue of $1.54 million for the quarter.

Strive Stock Up 4.6%

NASDAQ ASST opened at $0.82 on Monday. The firm has a market cap of $734.29 million, a P/E ratio of -2.74 and a beta of 16.87. Strive has a 52-week low of $0.39 and a 52-week high of $13.42. The business’s 50-day moving average price is $0.92 and its 200 day moving average price is $2.43.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ASST. Weiss Ratings reiterated a “sell (e-)” rating on shares of Strive in a research report on Monday, December 29th. Wall Street Zen raised Strive from a “sell” rating to a “hold” rating in a report on Saturday, December 13th. Finally, Maxim Group set a $1.50 target price on Strive and gave the company a “buy” rating in a report on Wednesday, December 10th. One investment analyst has rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Strive presently has a consensus rating of “Hold” and an average price target of $1.50.

Insider Activity at Strive

In other news, CEO Matthew Ryan Cole bought 500,000 shares of the business’s stock in a transaction that occurred on Tuesday, January 13th. The stock was purchased at an average price of $0.92 per share, with a total value of $460,000.00. Following the purchase, the chief executive officer owned 763,012 shares of the company’s stock, valued at $701,971.04. This trade represents a 190.11% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Insiders acquired a total of 956,456 shares of company stock worth $829,314 over the last quarter. 2.84% of the stock is owned by company insiders.

Institutional Trading of Strive

A number of hedge funds have recently added to or reduced their stakes in the business. Woodline Partners LP acquired a new stake in shares of Strive in the third quarter worth approximately $31,481,000. Alyeska Investment Group L.P. purchased a new position in Strive during the third quarter worth approximately $84,375,000. Verition Fund Management LLC acquired a new position in shares of Strive in the 3rd quarter valued at $28,000. Nomura Holdings Inc. purchased a new stake in shares of Strive during the 3rd quarter valued at $200,000. Finally, Bank of America Corp DE increased its holdings in shares of Strive by 5,539.9% during the 3rd quarter. Bank of America Corp DE now owns 92,213 shares of the company’s stock worth $231,000 after buying an additional 90,578 shares during the last quarter. 5.52% of the stock is owned by institutional investors and hedge funds.

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.