Shares of Hyperliquid Strategies Inc (NASDAQ:PURR – Get Free Report) gapped up before the market opened on Monday . The stock had previously closed at $8.70, but opened at $9.56. Hyperliquid Strategies shares last traded at $9.2860, with a volume of 2,207,273 shares.
Analysts Set New Price Targets
A number of brokerages have commented on PURR. Wall Street Zen upgraded Hyperliquid Strategies to a “hold” rating in a research report on Saturday, February 21st. Chardan Capital restated a “buy” rating and issued a $9.75 target price on shares of Hyperliquid Strategies in a research note on Friday, June 12th. Maxim Group initiated coverage on Hyperliquid Strategies in a research report on Friday, April 24th. They issued a “buy” rating and a $10.00 target price for the company. Cantor Fitzgerald lifted their price target on shares of Hyperliquid Strategies from $6.00 to $8.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Finally, Weiss Ratings raised shares of Hyperliquid Strategies from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $9.25.
View Our Latest Stock Report on Hyperliquid Strategies
Hyperliquid Strategies Stock Up 7.5%
Hyperliquid Strategies (NASDAQ:PURR – Get Free Report) last issued its earnings results on Thursday, May 7th. The company reported $1.01 earnings per share (EPS) for the quarter. The company had revenue of $2.63 million during the quarter. As a group, equities analysts expect that Hyperliquid Strategies Inc will post -0.75 EPS for the current year.
Institutional Investors Weigh In On Hyperliquid Strategies
Several institutional investors and hedge funds have recently made changes to their positions in PURR. 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 position in Hyperliquid Strategies during the 4th quarter valued at about $48,000. Squarepoint Ops LLC acquired a new position in Hyperliquid Strategies in the fourth quarter valued at about $73,000. Private Advisor Group LLC acquired a new position in Hyperliquid Strategies in the first quarter valued at about $83,000. Finally, Millennium Management LLC bought a new stake in Hyperliquid Strategies during the fourth quarter worth about $87,000. Institutional investors and hedge funds own 9.45% of the company’s stock.
Hyperliquid Strategies Company Profile
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.
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