Hyperliquid Strategies Inc (NASDAQ:PURR – Get Free Report)’s stock price shot up 7.9% on Friday . The stock traded as high as $8.64 and last traded at $8.6550. Approximately 6,759,673 shares traded hands during trading, a decline of 18% from the average daily volume of 8,277,943 shares. The stock had previously closed at $8.02.
Analyst Ratings Changes
PURR has been the topic of several research analyst reports. Maxim Group started coverage on Hyperliquid Strategies in a research note on Friday, April 24th. They set a “buy” rating and a $10.00 target price on the stock. Chardan Capital restated a “buy” rating and set a $9.75 price target on shares of Hyperliquid Strategies in a report on Friday, June 12th. Weiss Ratings raised shares of Hyperliquid Strategies from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 3rd. Finally, Cantor Fitzgerald increased their target price on shares of Hyperliquid Strategies from $6.00 to $8.00 and gave the stock an “overweight” rating in a research report on Monday, May 11th. Three analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Hyperliquid Strategies has a consensus rating of “Moderate Buy” and an average target price of $9.25.
View Our Latest Research Report on PURR
Hyperliquid Strategies Price Performance
Hyperliquid Strategies (NASDAQ:PURR – Get Free Report) last released its quarterly earnings data on Thursday, May 7th. The company reported $1.01 EPS for the quarter. The firm had revenue of $2.63 million during the quarter. Equities research analysts anticipate that Hyperliquid Strategies Inc will post 2.1 EPS for the current year.
Institutional Investors Weigh In On Hyperliquid Strategies
Several institutional investors and hedge funds have recently modified their holdings of the business. Paradigm Operations LP bought a new stake in Hyperliquid Strategies in the fourth quarter worth $20,327,000. Galaxy Group Investments LLC bought a new position in Hyperliquid Strategies during the fourth quarter valued at about $15,167,000. Pantera Capital Partners LP acquired a new stake in shares of Hyperliquid Strategies in the fourth quarter worth about $14,545,000. Feynman Point Asset Management LLC bought a new stake in shares of Hyperliquid Strategies during the 4th quarter worth about $14,431,000. Finally, OLP CAPITAL MANAGEMENT Ltd bought a new stake in shares of Hyperliquid Strategies during the 1st quarter worth about $10,459,000. 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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