Hyperliquid Strategies (NASDAQ:PURR) Sees Large Volume Increase – Still a Buy?

Hyperliquid Strategies Inc (NASDAQ:PURR) saw strong trading volume on Friday . Approximately 7,732,084 shares were traded during trading, a decline of 29% from the previous session’s volume of 10,937,308 shares.The stock last traded at $13.3290 and had previously closed at $12.83.

Analyst Upgrades and Downgrades

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

Hyperliquid Strategies Stock Performance

The firm has a 50-day moving average of $8.88 and a 200-day moving average of $7.64. The firm has a market capitalization of $3.22 billion, a P/E ratio of -2.11 and a beta of 1.89.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in PURR. State of Wyoming purchased a new stake in Hyperliquid Strategies during the 2nd quarter valued at $46,000. Shepherd Financial Partners LLC purchased a new position in shares of Hyperliquid Strategies in the second quarter valued at about $79,000. Private Advisor Group LLC purchased a new position in shares of Hyperliquid Strategies in the first quarter valued at about $83,000. Lotus Technology Management LP bought a new position in shares of Hyperliquid Strategies during the second quarter valued at about $93,000. Finally, Baird Financial Group Inc. bought a new position in Hyperliquid Strategies during the 2nd quarter valued at approximately $111,000. Institutional investors own 9.45% of the company’s stock.

Hyperliquid Strategies Company Profile