Strive (NASDAQ:ASST) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Strive (NASDAQ:ASST) from a sell rating to a hold rating in a report issued on Saturday.

Several other research firms have also recently weighed in on ASST. Weiss Ratings assumed coverage on Strive in a research report on Monday, December 8th. They set a “sell (e-)” rating for the company. Maxim Group set a $1.50 target price on Strive and gave the company a “buy” rating in a research note on Wednesday, December 10th. One research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Strive presently has a consensus rating of “Hold” and a consensus price target of $1.50.

Strive Stock Performance

Shares of ASST opened at $0.79 on Friday. The stock has a 50 day simple moving average of $1.17 and a 200 day simple moving average of $3.57. Strive has a 52-week low of $0.34 and a 52-week high of $13.42. The firm has a market capitalization of $643.58 million, a PE ratio of -2.63 and a beta of 16.71.

Strive (NASDAQ:ASST) last announced its quarterly earnings results on Friday, November 14th. The company reported ($0.22) earnings per share for the quarter. The business had revenue of $1.54 million for the quarter.

Institutional Inflows and Outflows

Several hedge funds have recently made changes to their positions in the business. Yorkville Advisors Global LP acquired a new position in Strive during the 3rd quarter valued at about $92,593,000. Anson Funds Management LP lifted its holdings in shares of Strive by 4,028.5% in the third quarter. Anson Funds Management LP now owns 35,250,000 shares of the company’s stock valued at $88,125,000 after purchasing an additional 36,147,300 shares in the last quarter. Alyeska Investment Group L.P. purchased a new position in shares of Strive during the third quarter valued at approximately $84,375,000. MMCAP International Inc. SPC bought a new stake in Strive during the third quarter worth $46,296,000. Finally, Woodline Partners LP purchased a new stake in Strive in the 3rd quarter valued at about $31,481,000. 5.52% of the stock is owned by institutional investors.

Strive Company Profile

Asset Entities Inc, a technology company, provides social media marketing and content delivery services across Discord, TikTok, and other social media platforms. It designs, develops, and manages servers for communities on Discord. The company offers discord investment education, entertainment, and marketing services.