Hyperliquid Strategies (NASDAQ:PURR) Upgraded at Wall Street Zen

Key Points

• Wall Street Zen upgraded Hyperliquid Strategies (NASDAQ: PURR) from “sell” to “hold.” Weiss Ratings also recently moved the stock from “sell” to “hold.”
• Despite the hold ratings, broader analyst sentiment remains positive: MarketBeat reports an average rating of “Buy” and an average price target of $19.80, with recent targets ranging from $17.00 to $34.20.
• PURR opened at $11.89, with a $2.83 billion market capitalization and a 52-week range of $3.01 to $14.76. Institutional investors currently own approximately 9.45% of the company.

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

A number of other equities analysts have also recently weighed in on the stock. Cantor Fitzgerald lifted their price target 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. Chardan Capital upped their price objective on shares of Hyperliquid Strategies from $9.75 to $17.00 and gave the company a "buy" rating in a research report on Friday, August 28th. Compass Point began coverage on Hyperliquid Strategies in a research note on Monday, September 14th. They set a "buy" rating and a $18.00 price objective on the stock. Finally, Weiss Ratings upgraded Hyperliquid Strategies from a "sell (d+)" rating to a "hold (c)" rating in a report on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Buy" and an average price target of $19.80.

Hyperliquid Strategies Stock Performance

Shares of NASDAQ PURR opened at $11.89 on Friday. The stock has a market cap of $2.83 billion, a P/E ratio of -1.85 and a beta of 1.89. The firm has a 50 day moving average price of $10.19 and a 200 day moving average price of $8.23. Hyperliquid Strategies has a 52-week low of $3.01 and a 52-week high of $14.76.

Institutional Trading of Hyperliquid Strategies

A number of institutional investors have recently modified their holdings of the company. State of Wyoming acquired a new stake in shares of Hyperliquid Strategies in the 2nd quarter valued at approximately $46,000. Shepherd Financial Partners LLC acquired a new position in Hyperliquid Strategies during the second quarter worth $79,000. Lotus Technology Management LP bought a new stake in Hyperliquid Strategies during the second quarter worth $93,000. Baird Financial Group Inc. bought a new stake in Hyperliquid Strategies during the second quarter worth $111,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Hyperliquid Strategies in the second quarter valued at $125,000. 9.45% of the stock is currently owned by institutional investors.

About Hyperliquid Strategies

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