Hyperliquid Strategies (NASDAQ:PURR) Trading 7% Higher – What’s Next?

Shares of Hyperliquid Strategies Inc (NASDAQ:PURR) traded up 7% on Monday . The company traded as high as $5.28 and last traded at $5.2950. 1,202,388 shares traded hands during trading, a decline of 71% from the average session volume of 4,135,833 shares. The stock had previously closed at $4.95.

Analysts Set New Price Targets

A number of research analysts have weighed in on the company. Weiss Ratings assumed coverage on Hyperliquid Strategies in a report on Monday, March 2nd. They set a “sell (e)” rating on the stock. Chardan Capital upped their target price on Hyperliquid Strategies from $8.15 to $8.45 and gave the stock a “buy” rating in a report on Thursday, February 12th. Cantor Fitzgerald upped their target price on Hyperliquid Strategies from $5.00 to $6.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Finally, Wall Street Zen upgraded Hyperliquid Strategies to a “hold” rating in a report on Saturday, February 21st. Two research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $7.23.

Hyperliquid Strategies Trading Up 7.7%

The company has a fifty day moving average of $4.88. The stock has a market cap of $652.70 million, a PE ratio of -0.57 and a beta of 1.38.

Hyperliquid Strategies (NASDAQ:PURR) last posted its quarterly earnings results on Wednesday, February 11th. The company reported ($7.43) earnings per share for the quarter. The company had revenue of $0.50 million during the quarter.

Institutional Trading of Hyperliquid Strategies

Several hedge funds and other institutional investors have recently made changes to their positions in PURR. EHP Funds Inc. purchased a new stake in shares of Hyperliquid Strategies in the 4th quarter worth approximately $302,000. HRT Financial LP purchased a new stake in shares of Hyperliquid Strategies in the 4th quarter worth approximately $856,000. Jane Street Group LLC purchased a new stake in shares of Hyperliquid Strategies in the 4th quarter worth approximately $339,000. GM Advisory Group LLC purchased a new stake in shares of Hyperliquid Strategies in the 4th quarter worth approximately $2,946,000. Finally, OMERS ADMINISTRATION Corp purchased a new stake in shares of Hyperliquid Strategies in the 4th quarter worth approximately $156,000. Hedge funds and other institutional investors 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.