Hyperliquid Strategies (NASDAQ:PURR) Shares Gap Up – What’s Next?

Hyperliquid Strategies Inc (NASDAQ:PURRGet Free Report) shares gapped up before the market opened on Thursday . The stock had previously closed at $11.44, but opened at $12.10. Hyperliquid Strategies shares last traded at $12.3630, with a volume of 7,061,689 shares traded.

Analysts Set New Price Targets

Several equities analysts recently commented on PURR shares. Compass Point started coverage on shares of Hyperliquid Strategies in a research note on Monday. They issued a “buy” rating and a $18.00 price target on the stock. Wall Street Zen downgraded Hyperliquid Strategies from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Chardan Capital increased their price target on Hyperliquid Strategies from $9.75 to $17.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Weiss Ratings raised shares of Hyperliquid Strategies from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 28th. Finally, Cantor Fitzgerald increased their target price on shares of Hyperliquid Strategies from $22.60 to $34.20 and gave the company an “overweight” rating in a research report on Thursday, September 10th. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $19.80.

View Our Latest Analysis on PURR

Hyperliquid Strategies Stock Performance

The company has a market cap of $2.50 billion, a PE ratio of -1.96 and a beta of 1.89. The company’s 50 day moving average price is $8.77 and its 200-day moving average price is $7.58.

Institutional Investors Weigh In On Hyperliquid Strategies

Several hedge funds have recently added to or reduced their stakes in the company. State of Wyoming bought a new stake in shares of Hyperliquid Strategies in the 2nd quarter valued at about $46,000. Shepherd Financial Partners LLC purchased a new position in shares of Hyperliquid Strategies during the second quarter valued at about $79,000. Lotus Technology Management LP bought a new position in shares of Hyperliquid Strategies in the 2nd quarter worth approximately $93,000. Baird Financial Group Inc. purchased a new position in Hyperliquid Strategies during the second quarter valued at $111,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in Hyperliquid Strategies in the second quarter worth about $125,000. Institutional investors own 9.45% of the company’s stock.

About Hyperliquid Strategies

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