Hyperliquid Strategies (NASDAQ:PURR) Rating Lowered to Sell at Wall Street Zen

Key Points

• Wall Street Zen downgraded Hyperliquid Strategies (NASDAQ: PURR) from “Hold” to “Sell,” contrasting with the broader analyst consensus rating of “Buy.”
• Other analysts remain bullish: Chardan Capital, Cantor Fitzgerald, Compass Point, and Weiss Ratings issued positive ratings or upgrades, while the consensus price target is $19.80 versus the stock’s recent price of $11.11.
• PURR shares were down 1.7%, with a market capitalization of approximately $3.09 billion; institutional investors own 9.45% of the company after several firms increased or initiated positions.

Hyperliquid Strategies (NASDAQ:PURR - Get Free Report) was downgraded by analysts at Wall Street Zen from a "hold" rating to a "sell" rating in a research report issued on Sunday, Wall Street Zen reports.

Several other brokerages also recently commented on PURR. Chardan Capital raised their price target on shares of Hyperliquid Strategies from $9.75 to $17.00 and gave the company a "buy" rating in a report on Friday, August 28th. Cantor Fitzgerald upped their price target on shares of Hyperliquid Strategies from $22.60 to $34.20 and gave the stock an "overweight" rating in a report on Thursday, September 10th. Compass Point initiated coverage on Hyperliquid Strategies in a research note on Monday, September 14th. They set a "buy" rating and a $18.00 price objective for the company. Finally, Weiss Ratings upgraded Hyperliquid Strategies from a "hold (c)" rating to a "buy (b-)" rating in a research note on Thursday. One investment analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average target price of $19.80.

Hyperliquid Strategies Stock Down 1.7%

Shares of NASDAQ:PURR opened at $11.11 on Friday. The business's 50 day moving average is $10.76 and its 200 day moving average is $8.44. The stock has a market cap of $3.09 billion, a price-to-earnings ratio of -1.73 and a beta of 1.89. Hyperliquid Strategies has a 12-month low of $3.01 and a 12-month high of $14.76.

Institutional Investors Weigh In On Hyperliquid Strategies

A number of large investors have recently added to or reduced their stakes in the company. Farther Finance Advisors LLC boosted its holdings in shares of Hyperliquid Strategies by 397.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,388 shares of the company's stock worth $152,000 after purchasing an additional 9,900 shares in the last quarter. CoreCap Advisors LLC raised its holdings in shares of Hyperliquid Strategies by 740.0% during the 3rd quarter. CoreCap Advisors LLC now owns 8,400 shares of the company's stock valued at $103,000 after buying an additional 7,400 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Hyperliquid Strategies during the 2nd quarter valued at about $5,285,000. Engineers Gate Manager LP bought a new stake in Hyperliquid Strategies in the 2nd quarter worth approximately $533,000. Finally, Baird Financial Group Inc. bought a new stake in Hyperliquid Strategies in the 2nd quarter worth approximately $111,000. Hedge funds and other institutional investors own 9.45% of the company's stock.

Hyperliquid Strategies Company Profile

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.