Hyperliquid Strategies (NASDAQ:PURR) Shares Gap Down – Time to Sell?

Hyperliquid Strategies Inc (NASDAQ:PURR) gapped down before the market opened on Thursday. The stock had previously closed at $9.62, but opened at $8.96. Hyperliquid Strategies shares last traded at $8.8470, with a volume of 1,806,360 shares trading hands.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PURR shares. Compass Point initiated coverage on shares of Hyperliquid Strategies in a report on Monday, September 14th. They issued a “buy” rating and a $18.00 price objective on the stock. Weiss Ratings upgraded shares of Hyperliquid Strategies from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Wall Street Zen lowered shares of Hyperliquid Strategies from a “hold” rating to a “sell” rating in a report on Sunday, October 11th. Chardan Capital boosted their price target on Hyperliquid Strategies from $9.75 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Finally, Cantor Fitzgerald upped their price target on Hyperliquid Strategies from $22.60 to $34.20 and gave the stock an “overweight” rating in a research note on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Buy” and an average price target of $19.80.

Hyperliquid Strategies Price Performance

The stock has a market capitalization of $2.43 billion, a PE ratio of -1.36 and a beta of 1.89. The business has a 50 day moving average price of $11.23 and a 200 day moving average price of $8.71.

Hedge Funds Weigh In On Hyperliquid Strategies

A number of hedge funds have recently bought and sold shares of PURR. Altium Investment Strategies LLC increased its position in shares of Hyperliquid Strategies by 100.5% during the third quarter. Altium Investment Strategies LLC now owns 34,087 shares of the company’s stock valued at $418,000 after acquiring an additional 17,087 shares in the last quarter. Quantum Financial Partners LLC purchased a new position in Hyperliquid Strategies in the 3rd quarter worth approximately $128,000. SLT Holdings LLC bought a new position in Hyperliquid Strategies in the 3rd quarter valued at approximately $693,000. Mather Group LLC. lifted its position in Hyperliquid Strategies by 59.0% in the 3rd quarter. Mather Group LLC. now owns 70,202 shares of the company’s stock valued at $861,000 after acquiring an additional 26,056 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Hyperliquid Strategies by 397.9% in the 3rd quarter. Farther Finance Advisors LLC now owns 12,388 shares of the company’s stock valued at $152,000 after acquiring an additional 9,900 shares in the last quarter. Institutional investors own 9.45% of the company’s stock.

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.