Strive (NASDAQ:ASST) Coverage Initiated at Maxim Group

Stock analysts at Maxim Group began coverage on shares of Strive (NASDAQ:ASST) in a note issued to investors on Wednesday, Marketbeat.com reports. The brokerage set a “buy” rating and a $1.50 price target on the stock. Maxim Group’s price target would indicate a potential upside of 63.04% from the company’s previous close.

A number of other equities research analysts also recently weighed in on the company. Wall Street Zen downgraded Strive from a “hold” rating to a “sell” rating in a research note on Friday, September 26th. Weiss Ratings started coverage on Strive in a report on Monday. They issued a “sell (e-)” rating on the stock. One investment analyst has rated the stock with a Strong Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $1.50.

Strive Stock Down 8.0%

Shares of NASDAQ:ASST opened at $0.92 on Wednesday. The firm has a fifty day moving average of $1.23 and a two-hundred day moving average of $3.74. Strive has a 12-month low of $0.34 and a 12-month high of $13.42. The firm has a market capitalization of $750.24 million, a P/E ratio of -3.07 and a beta of 16.72.

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

Institutional Investors Weigh In On Strive

Large investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC raised its position in shares of Strive by 180.4% in the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock valued at $41,000 after purchasing an additional 7,057 shares during the period. McElhenny Sheffield Capital Management LLC acquired a new position in Strive in the 2nd quarter valued at $39,000. Engineers Gate Manager LP bought a new position in Strive in the 2nd quarter worth $40,000. Two Sigma Investments LP acquired a new position in Strive during the 3rd quarter worth $27,000. Finally, Ground Swell Capital LLC bought a new stake in Strive during the second quarter valued at about $40,000. Institutional investors own 5.52% of the company’s stock.

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.