Strive (NASDAQ:ASST) Shares Gap Down – Here’s Why

Shares of Strive, Inc. (NASDAQ:ASST) gapped down before the market opened on Monday . The stock had previously closed at $1.12, but opened at $1.0550. Strive shares last traded at $1.0450, with a volume of 13,600,540 shares changing hands.

Analysts Set New Price Targets

Separately, Wall Street Zen cut Strive from a “hold” rating to a “sell” rating in a report on Friday, September 26th.

Strive Price Performance

The company has a market cap of $844.02 million, a PE ratio of -3.45 and a beta of 16.72. The company’s 50 day simple moving average is $1.46 and its two-hundred day simple moving average is $4.07.

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

Institutional Investors Weigh In On Strive

Institutional investors have recently modified their holdings of the company. Two Sigma Investments LP purchased a new stake in shares of Strive in the 3rd quarter valued at $27,000. Verition Fund Management LLC purchased a new stake in Strive during the third quarter worth about $28,000. Gruss & Co. LLC purchased a new stake in Strive during the third quarter worth about $38,000. McElhenny Sheffield Capital Management LLC acquired a new stake in shares of Strive during the second quarter worth about $39,000. Finally, Ground Swell Capital LLC purchased a new position in shares of Strive in the second quarter valued at approximately $40,000. 5.52% of the stock is owned by institutional investors and hedge funds.

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.