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

Hyperliquid Strategies Inc (NASDAQ:PURR) gapped up before the market opened on Monday . The stock had previously closed at $4.95, but opened at $5.18. Hyperliquid Strategies shares last traded at $4.77, with a volume of 981,441 shares changing hands.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Weiss Ratings initiated coverage on Hyperliquid Strategies in a research report on Monday, March 2nd. They issued a “sell (e)” rating for the company. Wall Street Zen raised shares of Hyperliquid Strategies to a “hold” rating in a research report on Saturday, February 21st. Cantor Fitzgerald boosted their price objective on shares of Hyperliquid Strategies from $5.00 to $6.00 and gave the stock an “overweight” rating in a research note on Thursday, February 12th. Finally, Chardan Capital increased their target price on shares of Hyperliquid Strategies from $8.15 to $8.45 and gave the company a “buy” rating in a research report on Thursday, February 12th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Hyperliquid Strategies currently has an average rating of “Hold” and an average price target of $7.23.

Hyperliquid Strategies Stock Up 3.5%

The company has a market capitalization of $631.00 million, a price-to-earnings ratio of -0.55 and a beta of 1.58.

Hyperliquid Strategies (NASDAQ:PURR) last released its quarterly earnings results on Wednesday, February 11th. The company reported ($7.43) EPS for the quarter. The business had revenue of $0.50 million during the quarter.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. HRT Financial LP acquired a new stake in shares of Hyperliquid Strategies during the fourth quarter worth $856,000. Aristeia Capital L.L.C. acquired a new position in shares of Hyperliquid Strategies in the 4th quarter valued at $615,000. Jane Street Group LLC acquired a new position in shares of Hyperliquid Strategies in the 4th quarter valued at $339,000. EHP Funds Inc. purchased a new position in Hyperliquid Strategies in the 4th quarter worth $302,000. Finally, Corient Private Wealth LLC purchased a new position in Hyperliquid Strategies in the 4th quarter worth $178,000. Institutional investors and hedge funds own 9.45% of the company’s stock.

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.