7,407,407 Shares in Strive, Inc. $ASST Acquired by Hudson Bay Capital Management LP

Hudson Bay Capital Management LP purchased a new stake in shares of Strive, Inc. (NASDAQ:ASST) in the second quarter, HoldingsChannel reports. The institutional investor purchased 7,407,407 shares of the company’s stock, valued at approximately $27,778,000. Hudson Bay Capital Management LP owned 0.47% of Strive as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of the company. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Strive in the second quarter valued at $39,000. Engineers Gate Manager LP acquired a new stake in Strive in the 2nd quarter valued at about $40,000. Ground Swell Capital LLC bought a new position in shares of Strive during the 2nd quarter valued at about $40,000. Bellecapital International Ltd. acquired a new position in shares of Strive in the 2nd quarter worth approximately $42,000. Finally, Creative Planning bought a new stake in shares of Strive in the 2nd quarter worth approximately $79,000. 5.52% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ASST. Maxim Group set a $1.50 target price on shares of Strive and gave the stock a “buy” rating in a report on Wednesday. Wall Street Zen upgraded Strive from a “sell” rating to a “hold” rating in a report on Saturday. Finally, Weiss Ratings began coverage on Strive in a research report on Monday. They set a “sell (e-)” rating on the stock. One equities research analyst has rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Strive presently has an average rating of “Hold” and a consensus target price of $1.50.

Strive Trading Down 6.4%

Shares of Strive stock opened at $0.86 on Friday. Strive, Inc. has a 1 year low of $0.34 and a 1 year high of $13.42. The company has a market cap of $703.92 million, a P/E ratio of -2.88 and a beta of 16.72. The stock has a 50-day moving average price of $1.20 and a 200 day moving average price of $3.67.

Strive (NASDAQ:ASST) last released its 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 during the quarter.

Strive 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.