Hyperliquid Strategies (NASDAQ:PURR) Shares Gap Up – Here’s What Happened

Hyperliquid Strategies Inc (NASDAQ:PURR) shares gapped up before the market opened on Wednesday . The stock had previously closed at $11.93, but opened at $12.64. Hyperliquid Strategies shares last traded at $12.0590, with a volume of 3,855,985 shares.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. Weiss Ratings upgraded Hyperliquid Strategies from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 28th. Chardan Capital upped their price target on Hyperliquid Strategies from $9.75 to $17.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Cantor Fitzgerald set a $22.60 price target on Hyperliquid Strategies and gave the company an “overweight” rating in a research report on Thursday, August 27th. Finally, Wall Street Zen cut Hyperliquid Strategies from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $16.53.

Hyperliquid Strategies Trading Up 1.9%

The stock’s 50-day simple moving average is $8.37 and its 200-day simple moving average is $7.26. The firm has a market capitalization of $2.41 billion, a P/E ratio of -1.90 and a beta of 1.89.

Hedge Funds Weigh In On Hyperliquid Strategies

A number of hedge funds and other institutional investors have recently modified their holdings of PURR. EHP Funds Inc. purchased a new stake in shares of Hyperliquid Strategies during the fourth quarter valued at approximately $302,000. HRT Financial LP bought a new position in Hyperliquid Strategies in the 4th quarter valued at $856,000. Jane Street Group LLC purchased a new stake in shares of Hyperliquid Strategies during the 4th quarter valued at $339,000. GM Advisory Group LLC purchased a new stake in shares of Hyperliquid Strategies during the 4th quarter valued at $2,946,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Hyperliquid Strategies during the 4th quarter valued at $156,000. Hedge funds and other institutional investors 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.