Hyperliquid Strategies (NASDAQ:PURR) Shares Gap Up – Should You Buy?

Hyperliquid Strategies Inc (NASDAQ:PURR)’s stock price gapped up prior to trading on Wednesday. The stock had previously closed at $11.92, but opened at $12.37. Hyperliquid Strategies shares last traded at $12.0780, with a volume of 2,002,761 shares changing hands.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Chardan Capital upped their price objective on Hyperliquid Strategies from $9.75 to $17.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Compass Point began coverage on shares of Hyperliquid Strategies in a research report on Monday, September 14th. They set a “buy” rating and a $18.00 target price on the stock. Wall Street Zen cut shares of Hyperliquid Strategies from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. 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 report on Thursday, September 10th. Finally, Weiss Ratings upgraded shares of Hyperliquid Strategies from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 28th. One equities research 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. According to data from MarketBeat, the company currently has an average rating of “Buy” and an average target price of $19.80.

Hyperliquid Strategies Price Performance

The stock has a market cap of $2.89 billion, a price-to-earnings ratio of -1.89 and a beta of 1.89. The stock’s 50-day moving average is $9.86 and its 200-day moving average is $8.10.

Institutional Investors Weigh In On Hyperliquid Strategies

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new position in Hyperliquid Strategies in the second quarter valued at approximately $79,842,000. Paradigm Operations LP acquired a new position in Hyperliquid Strategies during the second quarter valued at approximately $44,936,535. OLP CAPITAL MANAGEMENT Ltd purchased a new stake in Hyperliquid Strategies during the first quarter worth approximately $10,459,000. 683 Capital Management LLC acquired a new stake in shares of Hyperliquid Strategies in the fourth quarter worth $5,660,000. Finally, Arrington Capital Management LLC acquired a new stake in shares of Hyperliquid Strategies in the fourth quarter worth $4,557,000. 9.45% of the stock is currently owned by institutional investors and hedge funds.

About Hyperliquid Strategies