Cantor Fitzgerald Upgrades Hyperliquid Strategies (NASDAQ:PURR) to Strong-Buy

Key Points

• Cantor Fitzgerald upgraded Hyperliquid Strategies (NASDAQ:PURR) to a "strong-buy", while other firms vary and the consensus rating stands at "Moderate Buy" with an average price target of $7.23.
• PURR shares climbed about 4.8% to open at $5.63 (market cap ≈ $698M), even though the company reported a steep quarterly loss of ($7.43) EPS on just $0.5M in revenue.
• Several institutions built new stakes in Q4 — notably Feynman Point (~$14.4M) and Galaxy Group (~$15.2M) — bringing institutional ownership to roughly 9.45%; Hyperliquid is a digital-asset treasury focused on accumulating the HYPE token.

Hyperliquid Strategies (NASDAQ:PURR - Get Free Report) was upgraded by equities research analysts at Cantor Fitzgerald to a "strong-buy" rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other research firms also recently weighed in on PURR. Wall Street Zen upgraded Hyperliquid Strategies to a "hold" rating in a research report on Saturday, February 21st. Chardan Capital raised their target price on Hyperliquid Strategies from $8.15 to $8.45 and gave the company a "buy" rating in a research report on Thursday, February 12th. Finally, Weiss Ratings initiated coverage on Hyperliquid Strategies in a research report on Monday, March 2nd. They issued a "sell (e)" rating on the stock. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $7.23.

Hyperliquid Strategies Stock Up 4.8%

Shares of PURR stock opened at $5.63 on Thursday. The stock has a market capitalization of $697.94 million, a P/E ratio of -0.61 and a beta of 1.38. The business's 50 day simple moving average is $4.90. Hyperliquid Strategies has a 12-month low of $3.01 and a 12-month high of $6.63.

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

Institutional Investors Weigh In On Hyperliquid Strategies

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Corient Private Wealth LLC acquired a new stake in shares of Hyperliquid Strategies in the fourth quarter valued at approximately $178,000. Feynman Point Asset Management LLC acquired a new stake in shares of Hyperliquid Strategies in the fourth quarter valued at approximately $14,431,000. Galaxy Group Investments LLC acquired a new stake in shares of Hyperliquid Strategies in the fourth quarter valued at approximately $15,167,000. XTX Topco Ltd acquired a new stake in shares of Hyperliquid Strategies in the fourth quarter valued at approximately $48,000. Finally, Ikarian Capital LLC acquired a new stake in shares of Hyperliquid Strategies in the fourth quarter valued at approximately $107,000. 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.

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