Key Points
- Director Pierre Rochard bought 15,900 Strive shares at an average price of $12.54, representing a total investment of $199,386 and his entire reported post-transaction holding.
- Strive’s latest quarterly results significantly missed expectations, with an adjusted loss of $3.65 per share versus the $0.95 consensus estimate and revenue of $2.94 million, slightly below forecasts.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and a $27.20 price target, although institutional ownership remains low at 5.52%.
Strive, Inc. (NASDAQ:ASST - Get Free Report) Director Pierre Rochard bought 15,900 shares of the company's stock in a transaction on Friday, August 14th. The shares were bought at an average price of $12.54 per share, with a total value of $199,386.00. Following the completion of the transaction, the director owned 15,900 shares of the company's stock, valued at $199,386. The trade was a ∞ increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Strive Price Performance
ASST stock opened at $12.80 on Wednesday. The firm has a 50 day simple moving average of $12.80 and a two-hundred day simple moving average of $12.60. The stock has a market cap of $1.09 billion, a PE ratio of -1.45 and a beta of 13.20. Strive, Inc. has a one year low of $7.02 and a one year high of $252.00.
Strive (NASDAQ:ASST - Get Free Report) last posted its quarterly earnings data on Monday, August 10th. The company reported ($3.65) earnings per share for the quarter, missing the consensus estimate of ($0.95) by ($2.70). Strive had a negative net margin of 10,957.22% and a negative return on equity of 141.47%. The company had revenue of $2.94 million for the quarter, compared to analysts' expectations of $3.02 million. On average, research analysts expect that Strive, Inc. will post -9.4 EPS for the current fiscal year.
Hedge Funds Weigh In On Strive
Several institutional investors and hedge funds have recently made changes to their positions in the business. Geode Capital Management LLC raised its position in Strive by 362.6% in the 2nd quarter. Geode Capital Management LLC now owns 149,585 shares of the company's stock worth $561,000 after purchasing an additional 117,249 shares during the period. Creative Planning bought a new stake in Strive in the second quarter worth $79,000. XTX Topco Ltd purchased a new stake in Strive during the second quarter valued at about $126,000. Engineers Gate Manager LP purchased a new stake in Strive during the second quarter valued at about $40,000. Finally, Tower Research Capital LLC TRC grew its stake in shares of Strive by 180.4% during the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company's stock valued at $41,000 after buying an additional 7,057 shares during the last quarter. Institutional investors own 5.52% of the company's stock.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on the company. Wall Street Zen upgraded Strive from a "strong sell" rating to a "sell" rating in a research report on Saturday, May 16th. TD Cowen cut their price objective on Strive from $32.00 to $28.00 and set a "buy" rating for the company in a report on Wednesday, July 22nd. B. Riley Financial increased their price objective on Strive from $19.00 to $20.00 and gave the company a "buy" rating in a research report on Friday, May 15th. HC Wainwright decreased their price objective on Strive from $37.00 to $36.00 and set a "buy" rating on the stock in a report on Tuesday, August 11th. Finally, Weiss Ratings upgraded Strive from a "sell (e+)" rating to a "sell (d-)" rating in a research report on Tuesday, July 14th. Five research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $27.20.
View Our Latest Stock Report on ASST
Strive Company Profile
(
Get Free Report)
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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