Hyperliquid Strategies (NASDAQ:PURR) Upgraded to “Hold” at Wall Street Zen

Wall Street Zen upgraded shares of Hyperliquid Strategies (NASDAQ:PURR) from a sell rating to a hold rating in a research note published on Saturday morning,Wall Street Zen reports.

Several other equities analysts have also recently weighed in on PURR. Cantor Fitzgerald raised their price target on shares of Hyperliquid Strategies from $22.60 to $34.20 and gave the company an “overweight” rating in a research report on Thursday, September 10th. Weiss Ratings raised Hyperliquid Strategies from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 28th. Compass Point initiated coverage on Hyperliquid Strategies in a research note on Monday, September 14th. They issued a “buy” rating and a $18.00 price objective for the company. Finally, Chardan Capital raised their target price on Hyperliquid Strategies from $9.75 to $17.00 and gave the company a “buy” rating in a report on Friday, August 28th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Hyperliquid Strategies has an average rating of “Buy” and a consensus price target of $19.80.

Hyperliquid Strategies Trading Down 1.2%

Hyperliquid Strategies stock opened at $11.89 on Friday. Hyperliquid Strategies has a 1-year low of $3.01 and a 1-year high of $14.76. The firm has a market capitalization of $2.83 billion, a price-to-earnings ratio of -1.85 and a beta of 1.89. The firm’s fifty day moving average price is $10.19 and its two-hundred day moving average price is $8.23.

Institutional Investors Weigh In On Hyperliquid Strategies

Institutional investors have recently added to or reduced their stakes in the company. State of Wyoming purchased a new stake in Hyperliquid Strategies in the 2nd quarter valued at about $46,000. Shepherd Financial Partners LLC purchased a new position in shares of Hyperliquid Strategies in the 2nd quarter worth approximately $79,000. Lotus Technology Management LP bought a new position in shares of Hyperliquid Strategies in the second quarter valued at approximately $93,000. Baird Financial Group Inc. bought a new position in shares of Hyperliquid Strategies in the second quarter valued at approximately $111,000. Finally, Northwestern Mutual Wealth Management Co. purchased a new stake in shares of Hyperliquid Strategies during the second quarter valued at approximately $125,000. 9.45% of the stock is owned by institutional investors.

About Hyperliquid Strategies