Strive (ASST) to Release Quarterly Earnings on Thursday

Strive (NASDAQ:ASST) is projected to release its results before the market opens on Thursday, December 18th. Analysts expect Strive to post earnings of ($0.01) per share and revenue of $1.80 million for the quarter.

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

Strive Stock Performance

NASDAQ:ASST opened at $0.79 on Tuesday. The stock has a market cap of $643.58 million, a price-to-earnings ratio of -2.63 and a beta of 16.71. The business has a fifty day moving average of $1.17 and a 200-day moving average of $3.57. Strive has a 1 year low of $0.34 and a 1 year high of $13.42.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ASST shares. Wall Street Zen raised shares of Strive from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings initiated coverage on Strive in a research note on Monday, December 8th. They issued a “sell (e-)” rating for the company. Finally, Maxim Group set a $1.50 price objective on shares of Strive and gave the company a “buy” rating in a report 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. According to MarketBeat, Strive presently has an average rating of “Hold” and an average target price of $1.50.

Institutional Investors Weigh In On Strive

A number of hedge funds have recently made changes to their positions in ASST. Woodline Partners LP purchased a new stake in shares of Strive during the third quarter worth $31,481,000. Alyeska Investment Group L.P. bought a new stake in Strive in the third quarter worth $84,375,000. Verition Fund Management LLC purchased a new position in shares of Strive in the 3rd quarter worth $28,000. Nomura Holdings Inc. purchased a new stake in Strive in the third quarter worth about $200,000. Finally, Bank of America Corp DE grew its holdings in Strive by 5,539.9% during the 3rd quarter. Bank of America Corp DE now owns 92,213 shares of the company’s stock valued at $231,000 after buying an additional 90,578 shares in the last quarter. 5.52% of the stock is currently owned by institutional investors.

About Strive

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.