Bank of America Corp DE Acquires 635,407 Shares of Hyperliquid Strategies Inc $PURR

Key Points

• Bank of America acquired 635,407 shares of Hyperliquid Strategies during the second quarter, worth approximately $5.0 million and representing a 0.44% stake.
• Institutional ownership stands at 9.45%, with Wealth High Governance Capital making the largest reported purchase at roughly $6.5 million.
• Analyst sentiment is broadly positive, with a consensus “Buy” rating and an average price target of $19.80, although the stock recently fell 6.0% to open at $12.08.

Bank of America Corp DE bought a new stake in shares of Hyperliquid Strategies Inc (NASDAQ:PURR - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund bought 635,407 shares of the company's stock, valued at approximately $5,001,000. Bank of America Corp DE owned 0.44% of Hyperliquid Strategies as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Lotus Technology Management LP acquired a new stake in Hyperliquid Strategies in the 2nd quarter valued at $93,000. EFG International AG acquired a new position in Hyperliquid Strategies during the second quarter worth $239,000. Legal & General Group Plc bought a new position in shares of Hyperliquid Strategies in the second quarter valued at $177,000. The Manufacturers Life Insurance Company bought a new position in shares of Hyperliquid Strategies in the second quarter valued at $258,000. Finally, Wealth High Governance Capital Ltda acquired a new position in shares of Hyperliquid Strategies during the second quarter valued at about $6,517,000. 9.45% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PURR. Wall Street Zen lowered shares of Hyperliquid Strategies from a "hold" rating to a "sell" rating in a report on Saturday, August 29th. Compass Point initiated coverage on Hyperliquid Strategies in a report on Monday, September 14th. They set a "buy" rating and a $18.00 price objective for the company. Weiss Ratings raised Hyperliquid Strategies from a "sell (d+)" rating to a "hold (c)" rating in a research note on Friday, August 28th. Cantor Fitzgerald raised their target price on Hyperliquid Strategies from $22.60 to $34.20 and gave the company an "overweight" rating in a report on Thursday, September 10th. Finally, Chardan Capital lifted their target price on Hyperliquid Strategies from $9.75 to $17.00 and gave the company a "buy" rating in a research report on Friday, August 28th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $19.80.

Hyperliquid Strategies Trading Down 6.0%

Shares of Hyperliquid Strategies stock opened at $12.08 on Tuesday. The firm has a market capitalization of $2.87 billion, a P/E ratio of -1.88 and a beta of 1.89. The business's fifty day simple moving average is $9.76 and its 200 day simple moving average is $8.06. Hyperliquid Strategies Inc has a 12 month low of $3.01 and a 12 month high of $14.76.

Hyperliquid Strategies Profile

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