Strive (NASDAQ:ASST) Shares Down 6.5% - Here's What Happened

Key Points

• Shares fell 6.5% to $9.58 on Thursday (intraday low $9.47) on light volume of ~611,485 shares—about an 86% drop versus the ~4.52M average—and the stock sits below its 200‑day moving average ($19.84) with a 50‑day at $9.79.
• Weak fundamentals: the company reported Q4 EPS of $(4.73), carries a negative P/E, an extreme negative net margin (7,335%) and negative ROE (-122.88%), indicating ongoing operating losses.
• Mixed analyst signals and insider buying: MarketBeat shows a consensus "Moderate Buy" with a $16 target amid recent downgrades and price-target cuts, while insiders (CEO and CFO) purchased shares recently, totaling ~39,114 shares acquired in the quarter.

Strive, Inc. (NASDAQ:ASST - Get Free Report)'s share price was down 6.5% during trading on Thursday . The stock traded as low as $9.47 and last traded at $9.5810. Approximately 611,485 shares traded hands during mid-day trading, a decline of 86% from the average daily volume of 4,517,593 shares. The stock had previously closed at $10.25.

Analyst Ratings Changes

Several equities analysts have commented on ASST shares. Wall Street Zen cut Strive from a "hold" rating to a "sell" rating in a report on Saturday, March 21st. Zacks Research raised Strive to a "hold" rating in a report on Wednesday, March 11th. B. Riley Financial began coverage on Strive in a report on Tuesday, March 10th. They issued a "buy" rating and a $12.00 price target for the company. Weiss Ratings reiterated a "sell (e-)" rating on shares of Strive in a research note on Monday, December 29th. Finally, Maxim Group lowered their price objective on Strive from $30.00 to $20.00 and set a "buy" rating on the stock in a research note on Monday, March 23rd. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $16.00.

Strive Stock Performance

The company has a market capitalization of $686.83 million, a P/E ratio of -1.66 and a beta of 15.29. The firm has a 50 day moving average price of $9.79 and a two-hundred day moving average price of $19.84.

Strive (NASDAQ:ASST - Get Free Report) last posted its earnings results on Saturday, January 31st. The company reported ($4.73) earnings per share (EPS) for the quarter. Strive had a negative net margin of 7,335.00% and a negative return on equity of 122.88%.

Insider Buying and Selling at Strive

In other Strive news, CFO Benjamin Pham acquired 7,900 shares of Strive stock in a transaction on Tuesday, February 17th. The shares were bought at an average price of $8.23 per share, with a total value of $65,017.00. Following the completion of the purchase, the chief financial officer owned 7,900 shares in the company, valued at $65,017. This trade represents a ∞ increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Matthew Ryan Cole bought 25,000 shares of the firm's stock in a transaction dated Tuesday, January 13th. The shares were acquired at an average price of $18.40 per share, for a total transaction of $460,000.00. Following the acquisition, the chief executive officer directly owned 38,150 shares of the company's stock, valued at approximately $701,960. The trade was a 190.11% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. In the last quarter, insiders acquired 39,114 shares of company stock valued at $575,102. Corporate insiders own 2.71% of the company's stock.

Hedge Funds Weigh In On Strive

A number of institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its holdings 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 valued at $41,000 after purchasing an additional 7,057 shares in the last quarter. Engineers Gate Manager LP acquired a new position in Strive during the 2nd quarter worth $40,000. Two Sigma Investments LP acquired a new position in Strive during the 3rd quarter worth $27,000. Osaic Holdings Inc. bought a new position in Strive in the 2nd quarter valued at $41,000. Finally, Verition Fund Management LLC acquired 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.

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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