Strive (ASST) Expected to Announce Earnings on Thursday

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

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 company had revenue of $1.54 million during the quarter.

Strive Trading Down 6.4%

NASDAQ ASST opened at $0.86 on Monday. Strive has a twelve month low of $0.34 and a twelve month high of $13.42. The stock has a 50-day moving average of $1.20 and a 200 day moving average of $3.62. The stock has a market capitalization of $703.92 million, a price-to-earnings ratio of -2.88 and a beta of 16.71.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on ASST shares. Maxim Group set a $1.50 target price on Strive and gave the company a “buy” rating in a research report on Wednesday. Weiss Ratings assumed coverage on shares of Strive in a report on Monday, December 8th. They set a “sell (e-)” rating on the stock. Finally, Wall Street Zen raised shares of Strive from a “sell” rating to a “hold” rating in a research note on Saturday. One analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $1.50.

Hedge Funds Weigh In On Strive

A number of institutional investors and hedge funds have recently bought and sold shares of ASST. Alyeska Investment Group L.P. acquired a new stake in Strive in the 3rd quarter valued at about $84,375,000. Woodline Partners LP acquired a new stake in shares of Strive in the third quarter valued at approximately $31,481,000. Cable Car Capital LP increased its holdings in shares of Strive by 303.7% in the third quarter. Cable Car Capital LP now owns 432,000 shares of the company’s stock valued at $1,080,000 after purchasing an additional 325,000 shares during the last quarter. Geode Capital Management LLC lifted its position in Strive by 362.6% during the second quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock worth $561,000 after buying an additional 117,249 shares in the last quarter. Finally, Squarepoint Ops LLC acquired a new position in Strive during the third quarter worth $328,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.

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.