Hyperliquid Strategies Inc (NASDAQ:PURR – Get Free Report) was up 9.5% during trading on Tuesday . The company traded as high as $11.37 and last traded at $11.6560. 6,409,959 shares were traded during trading, a decline of 31% from the average session volume of 9,316,256 shares. The stock had previously closed at $10.64.
Analyst Ratings Changes
PURR has been the subject of several research analyst reports. Chardan Capital reiterated a “buy” rating and issued a $9.75 price objective on shares of Hyperliquid Strategies in a research report on Friday, June 12th. Cantor Fitzgerald lifted their price target on shares of Hyperliquid Strategies from $8.00 to $18.40 and gave the company an “overweight” rating in a research note on Wednesday, July 1st. Finally, Weiss Ratings upgraded shares of Hyperliquid Strategies from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd. Three investment analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $12.72.
Read Our Latest Research Report on PURR
Hyperliquid Strategies Stock Down 2.6%
Institutional Investors Weigh In On Hyperliquid Strategies
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Militia Capital Management LLC acquired a new position in Hyperliquid Strategies during the first quarter valued at approximately $3,323,000. Galaxy Digital Inc. acquired a new position in shares of Hyperliquid Strategies during the 1st quarter worth approximately $4,581,000. OLP CAPITAL MANAGEMENT Ltd acquired a new position in shares of Hyperliquid Strategies during the 1st quarter worth approximately $10,459,000. Maplelane Capital LLC bought a new stake in shares of Hyperliquid Strategies during the 1st quarter worth approximately $2,927,000. Finally, Wealth High Governance Capital Ltda bought a new stake in shares of Hyperliquid Strategies during the 2nd quarter worth approximately $6,517,000. 9.45% of the stock is currently 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.
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