Strive (ASST) Expected to Announce Earnings on Monday

Key Points

• Strive (NASDAQ:ASST) will likely report quarterly results before the market opens on Monday, February 9, with analysts forecasting EPS of ($0.01) and revenue of $1.80 million.
• CEO Matthew Ryan Cole bought 500,000 shares on January 13 at about $0.92, raising his holdings to 763,012 shares (a 190% increase); insiders bought 956,456 shares last quarter and now own 2.84% of the company.
• The stock trades at a market capitalization of $734.29 million with a negative P/E (-2.74) and a 12‑month range of $0.39–$13.42; analysts’ consensus is a Hold rating with a $1.50 target price.

Strive (NASDAQ:ASST - Get Free Report) 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 - Get Free Report) last posted 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 Price Performance

Shares of Strive stock opened at $0.82 on Monday. The stock has a market capitalization of $734.29 million, a P/E ratio of -2.74 and a beta of 16.87. The business has a 50 day simple moving average of $0.92 and a two-hundred day simple moving average of $2.43. Strive has a 12 month low of $0.39 and a 12 month high of $13.42.

Analyst Ratings Changes

Several equities research analysts recently commented on ASST shares. Wall Street Zen raised Strive from a "sell" rating to a "hold" rating in a report on Saturday, December 13th. Maxim Group set a $1.50 target price on Strive and gave the stock a "buy" rating in a research note on Wednesday, December 10th. Finally, Weiss Ratings reiterated a "sell (e-)" rating on shares of Strive in a report on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $1.50.

Insider Transactions at Strive

In other Strive news, CEO Matthew Ryan Cole purchased 500,000 shares of Strive stock in a transaction dated Tuesday, January 13th. The shares were acquired at an average price of $0.92 per share, with a total value of $460,000.00. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last quarter, insiders bought 956,456 shares of company stock worth $829,314. 2.84% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Strive

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Geode Capital Management LLC lifted its holdings 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 buying an additional 117,249 shares during the last quarter. Creative Planning acquired a new stake in shares of Strive during the 2nd quarter worth about $79,000. XTX Topco Ltd purchased a new stake in Strive during the second quarter worth approximately $126,000. Engineers Gate Manager LP acquired a new position in Strive in the second quarter valued at approximately $40,000. Finally, Tower Research Capital LLC TRC increased its stake in Strive by 180.4% in the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company's stock valued at $41,000 after purchasing an additional 7,057 shares during the last quarter. Hedge funds and other institutional investors own 5.52% of the company's stock.

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.

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