Hyperliquid Strategies Inc (NASDAQ:PURR) Given Consensus Recommendation of "Moderate Buy" by Analysts

Key Points

• Hyperliquid Strategies has a “Moderate Buy” consensus rating from five analysts, with four buys and one hold. The average 12-month price target is $20.40.
• Recent analyst actions were broadly positive: Chardan Capital raised its target to $17, Cantor Fitzgerald lifted its target to $34.20, and Compass Point initiated coverage with a buy rating, although Wall Street Zen downgraded the stock to sell.
• PURR shares rose 2.1% to $11.85, giving the company a market capitalization of approximately $2.34 billion. Institutional investors own 9.45% of the stock.

Shares of Hyperliquid Strategies Inc (NASDAQ:PURR - Get Free Report) have been given a consensus rating of "Moderate Buy" by the five brokerages that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $20.40.

Several research firms recently issued reports on PURR. Chardan Capital increased their target price on Hyperliquid Strategies from $9.75 to $17.00 and gave the stock a "buy" rating in a research report on Friday, August 28th. Weiss Ratings upgraded Hyperliquid Strategies from a "sell (d+)" rating to a "hold (c)" rating in a research note on Friday, August 28th. Cantor Fitzgerald increased their price objective on shares of Hyperliquid Strategies from $22.60 to $34.20 and gave the company an "overweight" rating in a report on Thursday. Compass Point assumed coverage on shares of Hyperliquid Strategies in a research report on Monday. They set a "buy" rating on the stock. Finally, Wall Street Zen downgraded shares of Hyperliquid Strategies from a "hold" rating to a "sell" rating in a report on Saturday, August 29th.

Institutional Investors Weigh In On Hyperliquid Strategies

A number of hedge funds have recently bought and sold shares of the business. State of Wyoming bought a new stake in Hyperliquid Strategies during the second quarter worth approximately $46,000. Shepherd Financial Partners LLC bought a new stake in shares of Hyperliquid Strategies in the 2nd quarter valued at approximately $79,000. Private Advisor Group LLC purchased a new position in shares of Hyperliquid Strategies in the 1st quarter worth approximately $83,000. Lotus Technology Management LP purchased a new position in shares of Hyperliquid Strategies in the 2nd quarter worth approximately $93,000. Finally, California State Teachers Retirement System bought a new position in shares of Hyperliquid Strategies during the 2nd quarter valued at approximately $107,000. Hedge funds and other institutional investors own 9.45% of the company's stock.

Hyperliquid Strategies Stock Up 2.1%

NASDAQ:PURR traded up $0.24 on Monday, reaching $11.85. 13,246,418 shares of the company's stock traded hands, compared to its average volume of 10,758,451. The stock has a 50-day simple moving average of $8.64 and a 200-day simple moving average of $7.48. Hyperliquid Strategies has a 12 month low of $3.01 and a 12 month high of $14.14. The firm has a market cap of $2.34 billion, a PE ratio of -1.85 and a beta of 1.89.

Hyperliquid Strategies Company Profile

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