Hyperliquid Strategies (NASDAQ:PURR) Shares Down 13.4% – Here’s Why

Posted by Brenda Bartman on Jun 5th, 2026

Hyperliquid Strategies Inc (NASDAQ:PURR – Get Free Report)’s stock price dropped 13.4% during trading on Friday . The stock traded as low as $8.30 and last traded at $8.2140. Approximately 10,151,268 shares traded hands during trading, an increase of 41% from the average daily volume of 7,216,071 shares. The stock had previously closed at $9.49.

Analyst Upgrades and Downgrades

PURR has been the subject of several research analyst reports. Wall Street Zen upgraded shares of Hyperliquid Strategies to a “hold” rating in a research note on Saturday, February 21st. Maxim Group initiated coverage on shares of Hyperliquid Strategies in a research note on Friday, April 24th. They set a “buy” rating and a $10.00 target price for the company. Cantor Fitzgerald upped their target price on shares of Hyperliquid Strategies from $6.00 to $8.00 and gave the company an “overweight” rating in a research note on Monday, May 11th. Chardan Capital upped their target price on shares of Hyperliquid Strategies from $8.45 to $9.75 and gave the company a “buy” rating in a research note on Wednesday, May 20th. Finally, Weiss Ratings upgraded shares of Hyperliquid Strategies from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday. Three analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat, Hyperliquid Strategies presently has a consensus rating of “Moderate Buy” and a consensus price target of $9.25.

Check Out Our Latest Stock Analysis on PURR

Hyperliquid Strategies Stock Performance

The firm has a market cap of $1.21 billion, a P/E ratio of -1.14 and a beta of 1.64. The company’s 50 day simple moving average is $6.73.

Hyperliquid Strategies (NASDAQ:PURR – Get Free Report) last announced its quarterly earnings data on Thursday, May 7th. The company reported $1.01 earnings per share (EPS) for the quarter. The business had revenue of $2.63 million during the quarter. On average, equities research analysts forecast that Hyperliquid Strategies Inc will post -0.75 earnings per share for the current year.

Hedge Funds Weigh In On Hyperliquid Strategies

Hedge funds have recently made changes to their positions in the business. Boothbay Fund Management LLC bought a new stake in shares of Hyperliquid Strategies in the 4th quarter worth about $40,000. XTX Topco Ltd bought a new stake in shares of Hyperliquid Strategies in the 4th quarter worth about $48,000. Squarepoint Ops LLC bought a new stake in shares of Hyperliquid Strategies in the 4th quarter worth about $73,000. Private Advisor Group LLC bought a new stake in shares of Hyperliquid Strategies in the 1st quarter worth about $83,000. Finally, Millennium Management LLC bought a new stake in shares of Hyperliquid Strategies in the 4th quarter worth about $87,000. Institutional investors and hedge funds own 9.45% of the company’s stock.

Hyperliquid Strategies Company Profile

(Get Free Report)

Hyperliquid Strategies Inc is a digital asset treasury company whose primary focus is to maximize shareholder value through accumulating HYPE, the native token of Hyperliquid, a high-performance blockchain custom-built to house all of finance. Hyperliquid Strategies Inc, formerly known as Sonnet BioTherapeutics Holdings Inc, is based in NEW YORK.