Hyperliquid Strategies (NASDAQ:PURR) Shares Down 8.4% - Should You Sell?

Key Points

• Shares fell 8.4% to $4.625, with about 1.44M shares traded (a 65% drop from the ~4.13M average) after closing at $5.05.
• Analysts are mixed — two Buy and one Sell — resulting in a MarketBeat consensus of Hold and an average target price of $7.23, with recent price-target increases from Cantor Fitzgerald and Chardan.
• The latest quarter showed a large loss of ($7.43) EPS on just $0.5M in revenue; the company has a market cap around $589M and institutional investors own about 9.45%.

Hyperliquid Strategies Inc (NASDAQ:PURR - Get Free Report) shares were down 8.4% on Tuesday . The company traded as low as $4.51 and last traded at $4.6250. Approximately 1,436,826 shares traded hands during trading, a decline of 65% from the average daily volume of 4,129,009 shares. The stock had previously closed at $5.05.

Analyst Upgrades and Downgrades

PURR has been the topic of a number of analyst reports. Wall Street Zen raised shares of Hyperliquid Strategies to a "hold" rating in a research note on Saturday, February 21st. Cantor Fitzgerald upped their price objective on shares of Hyperliquid Strategies from $5.00 to $6.00 and gave the company an "overweight" rating in a research note on Thursday, February 12th. Chardan Capital upped their price objective on shares of Hyperliquid Strategies from $8.15 to $8.45 and gave the company a "buy" rating in a research note on Thursday, February 12th. Finally, Weiss Ratings initiated coverage on shares of Hyperliquid Strategies in a research note on Monday, March 2nd. They issued a "sell (e)" rating on the stock. Two equities research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company's stock. According to MarketBeat, Hyperliquid Strategies has an average rating of "Hold" and a consensus target price of $7.23.

Hyperliquid Strategies Stock Performance

The stock has a market cap of $589.34 million, a PE ratio of -0.51 and a beta of 1.38.

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

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PURR. EHP Funds Inc. acquired a new position in Hyperliquid Strategies during the fourth quarter worth $302,000. HRT Financial LP acquired a new position in Hyperliquid Strategies during the fourth quarter worth $856,000. Jane Street Group LLC acquired a new position in Hyperliquid Strategies during the fourth quarter worth $339,000. GM Advisory Group LLC acquired a new position in Hyperliquid Strategies during the fourth quarter worth $2,946,000. Finally, OMERS ADMINISTRATION Corp acquired a new position in Hyperliquid Strategies during the fourth quarter worth $156,000. 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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