Hudson Bay Capital Management LP Takes Position in Strive, Inc. $ASST

by · The Cerbat Gem

Hudson Bay Capital Management LP acquired a new position in shares of Strive, Inc. (NASDAQ:ASST – Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 7,407,407 shares of the company’s stock, valued at approximately $27,778,000. Hudson Bay Capital Management LP owned about 44.57% of Strive as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. McElhenny Sheffield Capital Management LLC bought a new position in Strive in the 2nd quarter worth approximately $39,000. Geode Capital Management LLC boosted its position in shares of Strive by 362.6% in the second quarter. Geode Capital Management LLC now owns 149,585 shares of the company’s stock valued at $561,000 after acquiring an additional 117,249 shares during the period. XTX Topco Ltd acquired a new stake in shares of Strive in the second quarter worth $126,000. Creative Planning bought a new position in Strive during the second quarter worth $79,000. Finally, Tower Research Capital LLC TRC increased its position in Strive by 180.4% during the second quarter. Tower Research Capital LLC TRC now owns 10,969 shares of the company’s stock worth $41,000 after acquiring an additional 7,057 shares during the period. Institutional investors own 5.52% of the company’s stock.

Wall Street Analyst Weigh In

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

View Our Latest Report on Strive

Strive Price Performance

Shares of Strive stock opened at $0.86 on Friday. Strive, Inc. has a 52-week low of $0.34 and a 52-week high of $13.42. The firm has a market capitalization of $703.92 million, a PE ratio of -2.88 and a beta of 16.72. The company’s fifty day moving average price is $1.20 and its two-hundred day moving average price is $3.64.

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

About Strive

(Free Report)

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.

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