Hyperliquid Strategies Inc (NASDAQ:PURR) Stock Rated "Buy" by Wall Street Analysts

Key Points

• Hyperliquid Strategies has a consensus “Buy” rating from five analysts, with three buys, one strong buy, and one hold. The average 12-month price target is $19.80, above the reported $11.30 share price.
• Recent analyst actions have generally been positive, including Cantor Fitzgerald raising its target to $34.20 and Chardan Capital increasing its target to $17.00.
• Institutional ownership stands at 9.45%, with several funds adding shares or initiating positions. The stock has traded between $3.01 and $14.76 over the past year and was reported down 3.7%.

Hyperliquid Strategies Inc (NASDAQ:PURR - Get Free Report) has earned a consensus rating of "Buy" from the five analysts that are presently covering the company, MarketBeat reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $19.80.

PURR has been the subject of a number of recent research reports. Compass Point initiated coverage on Hyperliquid Strategies in a research note on Monday, September 14th. They issued a "buy" rating and a $18.00 target price for the company. Chardan Capital lifted their price target on Hyperliquid Strategies from $9.75 to $17.00 and gave the stock a "buy" rating in a research note on Friday, August 28th. Wall Street Zen upgraded Hyperliquid Strategies from a "sell" rating to a "hold" rating in a research report on Saturday, October 3rd. Weiss Ratings raised Hyperliquid Strategies from a "sell (d+)" rating to a "hold (c)" rating in a research note on Friday, August 28th. Finally, Cantor Fitzgerald increased their price target on shares of Hyperliquid Strategies from $22.60 to $34.20 and gave the company an "overweight" rating in a research report on Thursday, September 10th.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of PURR. Farther Finance Advisors LLC grew its position 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 buying an additional 9,900 shares during the last quarter. CoreCap Advisors LLC raised its holdings in shares of Hyperliquid Strategies by 740.0% during the third quarter. CoreCap Advisors LLC now owns 8,400 shares of the company's stock valued at $103,000 after acquiring an additional 7,400 shares in the last quarter. Tidal Investments LLC purchased a new stake in Hyperliquid Strategies in the second quarter worth $5,285,000. Engineers Gate Manager LP purchased a new stake in Hyperliquid Strategies in the second quarter worth $533,000. Finally, Baird Financial Group Inc. bought a new stake in Hyperliquid Strategies in the second quarter valued at $111,000. Institutional investors own 9.45% of the company's stock.

Hyperliquid Strategies Stock Down 3.7%

Hyperliquid Strategies stock opened at $11.30 on Friday. The company has a market capitalization of $3.14 billion, a PE ratio of -1.76 and a beta of 1.89. The firm has a fifty day simple moving average of $10.67 and a two-hundred day simple moving average of $8.42. Hyperliquid Strategies has a twelve month low of $3.01 and a twelve month high of $14.76.

About Hyperliquid Strategies

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