Strive (NASDAQ:ASST) Shares Gap Down – Should You Sell?

Strive, Inc. (NASDAQ:ASST) shares gapped down prior to trading on Tuesday . The stock had previously closed at $19.73, but opened at $19.04. Strive shares last traded at $20.6490, with a volume of 2,551,815 shares changing hands.

Key Headlines Impacting Strive

Here are the key news stories impacting Strive this week:

• Positive Sentiment: Strive disclosed the purchase of approximately 1,110 Bitcoin for more than $80 million, reportedly bringing its total holdings above 21,000 BTC. The acquisition fueled an investor-driven rally as markets viewed the company as an increasingly significant Bitcoin proxy. Strive (ASST) Stock Rockets 11% Following $81.5M Bitcoin Acquisition
• Positive Sentiment: Chief Executive Officer Joseph McCauley said Strive is “firing on all cylinders” following the Bitcoin purchase, reinforcing management’s commitment to expanding its digital-asset holdings. Strive Firing On All Cylinders
• Positive Sentiment: A Strive executive predicted Bitcoin could eventually reach $11 million, providing an extremely bullish long-term outlook that could increase the perceived value of Strive’s Bitcoin-focused strategy. The forecast is speculative and depends heavily on sustained cryptocurrency appreciation. Strive Executive Predicts Bitcoin Could Hit $11 Million
• Neutral Sentiment: Coverage describes Strive as attempting to capitalize on a potential early Bitcoin-cycle shift, with financing and strategic measures intended to provide some downside protection. However, the stock remains highly volatile and closely tied to Bitcoin’s price. Strive: Capitalizing on an Early Bitcoin Cycle Shift
• Neutral Sentiment: The reported short-interest update showed zero shares sold short, offering no meaningful evidence of either short-covering demand or elevated bearish positioning because the figures appear incomplete or unreliable.
• Negative Sentiment: Strive’s latest reported quarter included a substantial earnings-per-share miss and continued heavy losses, meaning the Bitcoin strategy is being pursued alongside significant fundamental and execution risks.

Analyst Ratings Changes

Several research firms have recently issued reports on ASST. B. Riley Financial increased their price target on Strive from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Friday, May 15th. HC Wainwright decreased their target price on shares of Strive from $37.00 to $36.00 and set a “buy” rating for the company in a research report on Tuesday, August 11th. Wall Street Zen raised shares of Strive from a “strong sell” rating to a “sell” rating in a research note on Saturday, May 16th. TD Cowen dropped their price target on shares of Strive from $32.00 to $28.00 and set a “buy” rating on the stock in a research report on Wednesday, July 22nd. Finally, Benchmark reaffirmed a “buy” rating on shares of Strive in a research note on Thursday, August 20th. Five research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $27.20.

Strive Price Performance

The firm has a market cap of $1.84 billion, a price-to-earnings ratio of -2.43 and a beta of 13.21. The company has a fifty day moving average price of $13.19 and a two-hundred day moving average price of $12.81.

Strive (NASDAQ:ASST) last released its earnings results on Monday, August 10th. The company reported ($3.65) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.95) by ($2.70). Strive had a negative return on equity of 141.47% and a negative net margin of 10,957.22%.The firm had revenue of $2.94 million for the quarter, compared to analyst estimates of $3.02 million. On average, research analysts expect that Strive, Inc. will post -9.4 earnings per share for the current fiscal year.

Insider Activity

In other Strive news, Director Pierre Rochard acquired 15,900 shares of the stock in a transaction dated 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 purchase, the director directly owned 15,900 shares of the company’s stock, valued at approximately $199,386. This trade represents a ? increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.71% of the stock is owned by corporate insiders.

Institutional Trading of Strive

Large investors have recently added to or reduced their stakes in the business. Alyeska Investment Group L.P. acquired a new position in Strive in the third quarter worth approximately $84,375,000. Woodline Partners LP acquired a new stake in shares of Strive during the 3rd quarter valued at $31,481,000. Geode Capital Management LLC lifted its position in shares of Strive by 939.6% during the 4th quarter. Geode Capital Management LLC now owns 6,755,081 shares of the company’s stock valued at $4,988,000 after acquiring an additional 6,105,295 shares during the last quarter. Alpine Fox Capital LLC bought a new stake in shares of Strive during the 4th quarter worth $2,325,000. Finally, State Street Corp boosted its stake in shares of Strive by 3,418.4% during the 4th quarter. State Street Corp now owns 2,702,859 shares of the company’s stock worth $1,995,000 after acquiring an additional 2,626,039 shares in the last quarter. 5.52% of the stock is currently owned by institutional investors.

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.