Hyperliquid Strategies Inc (NASDAQ:PURR) Stock Has Consensus Target Price of $19.80 According to Analysts

Hyperliquid Strategies Inc (NASDAQ:PURR) has been given an average rating of “Buy” by the five analysts that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a hold recommendation, three have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have covered the stock in the last year is $19.80.

PURR has been the topic of several research analyst reports. Wall Street Zen lowered Hyperliquid Strategies from a “hold” rating to a “sell” rating in a research report on Sunday, October 11th. Compass Point started coverage on Hyperliquid Strategies in a report on Monday, September 14th. They issued a “buy” rating and a $18.00 price objective for the company. Chardan Capital increased their price objective on Hyperliquid Strategies from $9.75 to $17.00 and gave the company a “buy” rating in a report on Friday, August 28th. Cantor Fitzgerald raised their target price on shares of Hyperliquid Strategies from $22.60 to $34.20 and gave the stock an “overweight” rating in a research report on Thursday, September 10th. Finally, Weiss Ratings cut shares of Hyperliquid Strategies from a “buy (b-)” rating to a “hold (c+)” rating in a report on Friday, October 23rd.

Institutional Trading of Hyperliquid Strategies

A number of large investors have recently bought and sold shares of the business. Galaxy Digital Inc. purchased a new position in Hyperliquid Strategies during the 1st quarter worth $4,581,000. Militia Capital Management LLC acquired a new position in Hyperliquid Strategies in the first quarter valued at $3,323,000. Maplelane Capital LLC purchased a new stake in shares of Hyperliquid Strategies in the first quarter valued at about $2,927,000. OLP CAPITAL MANAGEMENT Ltd purchased a new stake in shares of Hyperliquid Strategies in the first quarter valued at about $10,459,000. Finally, Wellington Management Group LLP purchased a new stake in shares of Hyperliquid Strategies in the second quarter valued at about $716,000. Institutional investors and hedge funds own 9.45% of the company’s stock.

Hyperliquid Strategies Stock Down 11.8%

Shares of NASDAQ PURR opened at $9.71 on Tuesday. The stock has a market cap of $2.70 billion, a PE ratio of -1.51 and a beta of 1.89. Hyperliquid Strategies has a 52-week low of $3.01 and a 52-week high of $14.76. The business has a 50-day moving average price of $11.41 and a 200 day moving average price of $8.00.

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.