Strive (NASDAQ:ASST) Stock Rating Upgraded by Wall Street Zen

Key Points

• Wall Street Zen upgraded Strive (NASDAQ:ASST) from a "sell" to a "hold," leaving the consensus rating as Hold with a consensus price target of $1.50 amid mixed analyst views (Maxim: Buy $1.50; Weiss: Sell).
• Shares fell about 6.4%, opening at $0.86 and trading well below its 50‑day ($1.20) and 200‑day ($3.67) moving averages; Strive has a market cap near $704M, a 52‑week range of $0.34–$13.42, and reported a ($0.22) EPS on $1.54M revenue last quarter.
• Several hedge funds accumulated large Q3 positions (notably Anson Funds with ~35,250,000 shares, plus Yorkville and Alyeska), though institutional ownership remains relatively low at 5.52%.

Strive (NASDAQ:ASST - Get Free Report) was upgraded by equities researchers at Wall Street Zen from a "sell" rating to a "hold" rating in a research note issued on Saturday.

A number of other equities analysts also recently commented on ASST. Maxim Group set a $1.50 price objective on shares of Strive and gave the stock a "buy" rating in a report on Wednesday. Weiss Ratings started coverage on shares of Strive in a research report on Monday. They issued a "sell (e-)" rating on the stock. One investment analyst has rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat, Strive presently has an average rating of "Hold" and a consensus price target of $1.50.

Strive Stock Down 6.4%

Shares of Strive stock opened at $0.86 on Friday. The business has a 50-day moving average price of $1.20 and a 200 day moving average price of $3.67. Strive has a fifty-two week low of $0.34 and a fifty-two week high of $13.42. The firm has a market cap of $703.92 million, a P/E ratio of -2.88 and a beta of 16.72.

Strive (NASDAQ:ASST - Get Free Report) last released its earnings results on Friday, November 14th. The company reported ($0.22) EPS for the quarter. The business had revenue of $1.54 million during the quarter.

Institutional Trading of Strive

Several hedge funds have recently bought and sold shares of the company. Yorkville Advisors Global LP bought a new position in Strive in the 3rd quarter worth about $92,593,000. Anson Funds Management LP boosted its position in shares of Strive by 4,028.5% during the third quarter. Anson Funds Management LP now owns 35,250,000 shares of the company's stock worth $88,125,000 after buying an additional 36,147,300 shares during the period. Alyeska Investment Group L.P. bought a new position in Strive in the 3rd quarter worth approximately $84,375,000. MMCAP International Inc. SPC acquired a new stake in Strive in the 3rd quarter valued at approximately $46,296,000. Finally, Woodline Partners LP acquired a new stake in Strive in the 3rd quarter valued at approximately $31,481,000. 5.52% of the stock is currently 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.

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