Hyperliquid Strategies Inc (NASDAQ:PURR) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Hyperliquid Strategies Inc (NASDAQ:PURR) have received an average recommendation of “Moderate Buy” from the five research firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $20.40.

Several equities analysts recently commented on the stock. Cantor Fitzgerald upped their price target on shares of Hyperliquid Strategies from $22.60 to $34.20 and gave the company an “overweight” rating in a report on Thursday. Compass Point began coverage on shares of Hyperliquid Strategies in a research note on Monday. They issued a “buy” rating for the company. Wall Street Zen lowered Hyperliquid Strategies from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Weiss Ratings raised Hyperliquid Strategies from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 28th. Finally, Chardan Capital increased their price target on Hyperliquid Strategies from $9.75 to $17.00 and gave the stock a “buy” rating in a report on Friday, August 28th.

Hedge Funds Weigh In On Hyperliquid Strategies

Several hedge funds have recently bought and sold shares of the business. State of Wyoming bought a new stake in shares of Hyperliquid Strategies during the second quarter worth $46,000. Shepherd Financial Partners LLC bought a new position in shares of Hyperliquid Strategies in the second quarter worth about $79,000. Lotus Technology Management LP bought a new position in shares of Hyperliquid Strategies in the second quarter worth about $93,000. California State Teachers Retirement System bought a new position in shares of Hyperliquid Strategies in the second quarter worth about $107,000. Finally, Baird Financial Group Inc. purchased a new position in Hyperliquid Strategies in the 2nd quarter worth about $111,000. Institutional investors own 9.45% of the company’s stock.

Hyperliquid Strategies Price Performance

Shares of PURR traded up $0.24 during midday trading on Monday, hitting $11.85. The stock had a trading volume of 13,246,418 shares, compared to its average volume of 10,758,451. The stock’s 50 day moving average is $8.64 and its 200 day moving average is $7.48. The firm has a market cap of $2.34 billion, a PE ratio of -1.85 and a beta of 1.89. Hyperliquid Strategies has a 1 year low of $3.01 and a 1 year high of $14.14.

About Hyperliquid Strategies