Hyperliquid Strategies (NASDAQ:PURR) Shares Gap Up After Analyst Upgrade

Key Points

• Cantor Fitzgerald upgraded PURR to a strong-buy, prompting a pre-market gap from $5.63 to a $5.95 open and last trades around $6.0050 on roughly 940,838 shares.
• Analyst views are mixed—Chardan raised its price target to $8.45 (buy), Wall Street Zen upgraded to hold and Weiss initiated a sell—leaving a consensus rating of Moderate Buy with a $7.23 target.
• Underlying fundamentals are weak: the company reported a ($7.43) EPS on $0.5M revenue, has a market cap of ~$742.6M with a negative PE, and only about 9.45% institutional ownership despite several recent new stakes.

Hyperliquid Strategies Inc (NASDAQ:PURR - Get Free Report)'s share price gapped up before the market opened on Friday after Cantor Fitzgerald upgraded the stock to a strong-buy rating. The stock had previously closed at $5.63, but opened at $5.95. Hyperliquid Strategies shares last traded at $6.0050, with a volume of 940,838 shares traded.

Other research analysts also recently issued reports about the company. Chardan Capital lifted their price objective on Hyperliquid Strategies from $8.15 to $8.45 and gave the stock a "buy" rating in a research report on Thursday, February 12th. Wall Street Zen upgraded Hyperliquid Strategies to a "hold" rating in a research report on Saturday, February 21st. Finally, Weiss Ratings assumed coverage on Hyperliquid Strategies in a research report on Monday, March 2nd. They set a "sell (e)" rating for the company. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $7.23.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of PURR. EHP Funds Inc. purchased a new stake in Hyperliquid Strategies in the 4th quarter worth approximately $302,000. HRT Financial LP purchased a new stake in Hyperliquid Strategies in the 4th quarter worth approximately $856,000. Jane Street Group LLC purchased a new stake in Hyperliquid Strategies in the 4th quarter worth approximately $339,000. GM Advisory Group LLC purchased a new stake in Hyperliquid Strategies in the 4th quarter worth approximately $2,946,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in Hyperliquid Strategies in the 4th quarter worth approximately $156,000. 9.45% of the stock is currently owned by institutional investors and hedge funds.

Hyperliquid Strategies Price Performance

The stock has a market capitalization of $742.57 million, a PE ratio of -0.65 and a beta of 1.38. The stock has a 50 day moving average of $4.90.

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

Hyperliquid Strategies Company Profile

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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