Strive (NASDAQ:ASST) Posts Quarterly Earnings Results, Misses Expectations By $2.49 EPS

Strive (NASDAQ:ASST) released its quarterly earnings data on Thursday. The company reported ($5.19) EPS for the quarter, missing the consensus estimate of ($2.70) by ($2.49), FiscalAI reports. Strive had a negative return on equity of 159.44% and a negative net margin of 8,228.65%.The business had revenue of $2.76 million during the quarter, compared to analysts’ expectations of $2.73 million.

Strive Stock Down 5.2%

Shares of ASST stock traded down $0.92 during trading hours on Friday, hitting $16.79. 3,104,818 shares of the company were exchanged, compared to its average volume of 3,746,085. The firm has a market cap of $1.16 billion, a PE ratio of -2.80 and a beta of 13.46. Strive has a 1 year low of $7.02 and a 1 year high of $268.40. The firm has a fifty day moving average of $12.47 and a 200 day moving average of $15.86.

Key Headlines Impacting Strive

Here are the key news stories impacting Strive this week:

• Positive Sentiment: HC Wainwright lifted several earnings forecasts for Strive, including FY2026, Q3 2026, Q4 2026, Q3 2027, Q4 2027, and FY2027, while keeping a Buy rating and $38 target.
• Positive Sentiment: B. Riley also raised its price target on Strive to $20 from $19 and reiterated a Buy rating.
• Neutral Sentiment: Wall Street Zen upgraded Strive to Sell, adding a conflicting analyst view that may be weighing on sentiment. Strive (NASDAQ:ASST) Upgraded by Wall Street Zen to Sell Rating
• Negative Sentiment: The company’s most recent quarterly results missed EPS estimates by a wide margin, which continues to hang over the stock despite the analyst optimism.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ASST. Maxim Group decreased their price objective on shares of Strive from $30.00 to $20.00 and set a “buy” rating on the stock in a research report on Monday, March 23rd. Zacks Research upgraded shares of Strive to a “hold” rating in a research report on Wednesday, March 11th. B. Riley Financial upped their target price on shares of Strive from $19.00 to $20.00 and gave the company a “buy” rating in a report on Friday. TD Cowen initiated coverage on shares of Strive in a report on Friday, April 10th. They issued a “buy” rating and a $26.00 target price on the stock. Finally, HC Wainwright upped their target price on shares of Strive from $36.00 to $38.00 and gave the company a “buy” rating in a report on Friday. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $26.00.

Insider Buying and Selling at Strive

In related news, CFO Benjamin Pham acquired 7,900 shares of the business’s stock in a transaction dated Tuesday, February 17th. The shares were acquired at an average cost of $8.23 per share, for a total transaction of $65,017.00. Following the acquisition, the chief financial officer directly owned 7,900 shares in the company, valued at approximately $65,017. The trade was a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.71% of the stock is currently owned by insiders.

Institutional Trading of Strive

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Tower Research Capital LLC TRC increased its position in Strive by 180.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock worth $41,000 after purchasing an additional 7,057 shares in the last quarter. Engineers Gate Manager LP acquired a new stake in Strive during the 2nd quarter worth approximately $40,000. Two Sigma Investments LP acquired a new stake in Strive during the 3rd quarter worth approximately $27,000. Osaic Holdings Inc. acquired a new stake in Strive during the 2nd quarter worth approximately $41,000. Finally, Verition Fund Management LLC acquired a new stake in Strive during the 3rd quarter worth approximately $28,000. Institutional investors and hedge funds own 5.52% of the company’s stock.

Strive Company Profile

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.