Hyperliquid Strategies Inc (NASDAQ:PURR – Get Free Report) shares rose 11.6% during trading on Wednesday . The company traded as high as $8.00 and last traded at $8.0340. Approximately 11,199,375 shares traded hands during mid-day trading, an increase of 32% from the average session volume of 8,499,441 shares. The stock had previously closed at $7.20.
Analysts Set New Price Targets
PURR has been the topic of a number of research analyst reports. Cantor Fitzgerald lifted their target price on Hyperliquid Strategies from $8.00 to $18.40 and gave the company an “overweight” rating in a research report on Wednesday, July 1st. Weiss Ratings upgraded Hyperliquid Strategies from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd. Chardan Capital reissued a “buy” rating and set a $9.75 price objective on shares of Hyperliquid Strategies in a research report on Friday, June 12th. Finally, Maxim Group assumed coverage on shares of Hyperliquid Strategies in a report on Friday, April 24th. They issued a “buy” rating and a $10.00 price objective on the stock. Three 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 presently has a consensus rating of “Moderate Buy” and an average target price of $12.72.
Check Out Our Latest Stock Analysis on PURR
Hyperliquid Strategies Trading Up 9.4%
Institutional Investors Weigh In On Hyperliquid Strategies
Institutional investors have recently modified their holdings of the company. BlackRock Inc. purchased a new stake in shares of Hyperliquid Strategies in the 2nd quarter valued at $79,842,000. Paradigm Operations LP purchased a new position in Hyperliquid Strategies during the 2nd quarter valued at about $44,936,535,000. Galaxy Group Investments LLC purchased a new position in Hyperliquid Strategies during the 4th quarter valued at about $15,167,000. Pantera Capital Partners LP acquired a new position in Hyperliquid Strategies in the 4th quarter valued at about $14,545,000. Finally, Feynman Point Asset Management LLC acquired a new position in Hyperliquid Strategies in the 4th quarter valued at about $14,431,000. 9.45% of the stock is owned by institutional investors and hedge funds.
About Hyperliquid Strategies
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.
Read More
- Five stocks we like better than Hyperliquid Strategies
- IonQ’s Space Contract Points to a New Frontier for Quantum Investors
- Is Apple’s AI Strategy Smarter Than Skeptics Think?
- Why Lowe’s Could Be a Bargain Before Housing Recovers
- Okta’s AI Tailwind Could Put This Forgotten Software Stock Back in Play
Receive News & Ratings for Hyperliquid Strategies Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyperliquid Strategies and related companies with MarketBeat.com's FREE daily email newsletter.
