Strive (NASDAQ:ASST) Posts Quarterly Earnings Results, Misses Expectations By $3.41 EPS

Strive (NASDAQ:ASST) released its earnings results on Monday. The company reported ($3.65) EPS for the quarter, missing analysts’ consensus estimates of ($0.24) by ($3.41), FiscalAI reports. The business had revenue of $2.94 million for the quarter, compared to the consensus estimate of $3.02 million. Strive had a negative return on equity of 139.10% and a negative net margin of 9,655.92%.

Strive Price Performance

NASDAQ ASST opened at $12.48 on Monday. The company has a market cap of $912.08 million, a PE ratio of -1.45 and a beta of 13.21. Strive has a 52 week low of $7.02 and a 52 week high of $252.00. The company has a quick ratio of 11.44, a current ratio of 11.44 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $13.16 and its two-hundred day simple moving average is $12.81.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ASST shares. Weiss Ratings upgraded shares of Strive from a “sell (e+)” rating to a “sell (d-)” rating in a report on Tuesday, July 14th. Benchmark reissued a “buy” rating on shares of Strive in a research report on Monday, June 15th. HC Wainwright raised their price target on shares of Strive from $36.00 to $38.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. TD Cowen lowered their price target on shares of Strive from $32.00 to $28.00 and set a “buy” rating on the stock in a report on Wednesday, July 22nd. Finally, Wall Street Zen upgraded Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. Five analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Strive currently has an average rating of “Moderate Buy” and an average price target of $27.60.

Institutional Trading of Strive

Several hedge funds and other institutional investors have recently modified their holdings of the business. Engineers Gate Manager LP bought a new position in Strive in the 2nd quarter worth approximately $40,000. Two Sigma Investments LP bought a new stake in Strive during the 3rd quarter valued at $27,000. Tower Research Capital LLC TRC raised its holdings in Strive by 180.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after acquiring an additional 7,057 shares during the period. Osaic Holdings Inc. purchased a new stake in shares of Strive during the second quarter worth $41,000. Finally, Verition Fund Management LLC bought a new position in shares of Strive in the third quarter worth $28,000. 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.