Hyperliquid Strategies (NASDAQ:PURR) Shares Gap Up – Here’s What Happened

Hyperliquid Strategies Inc (NASDAQ:PURR)’s share price gapped up prior to trading on Thursday . The stock had previously closed at $11.44, but opened at $12.10. Hyperliquid Strategies shares last traded at $12.3630, with a volume of 7,061,689 shares.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Compass Point initiated coverage on Hyperliquid Strategies in a research note on Monday. They set a “buy” rating and a $18.00 price target for the company. 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. Chardan Capital lifted their target price on Hyperliquid Strategies from $9.75 to $17.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Weiss Ratings raised Hyperliquid Strategies from a “sell (d+)” rating to a “hold (c)” rating in a research note on Friday, August 28th. Finally, Wall Street Zen cut shares of Hyperliquid Strategies from a “hold” rating to a “sell” rating in a research note on Saturday, August 29th. Four research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Hyperliquid Strategies has an average rating of “Moderate Buy” and an average target price of $19.80.

Hyperliquid Strategies Price Performance

The firm has a market capitalization of $2.50 billion, a PE ratio of -1.96 and a beta of 1.89. The company’s fifty day simple moving average is $8.77 and its 200-day simple moving average is $7.58.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PURR. Militia Capital Management LLC purchased a new stake in shares of Hyperliquid Strategies in the 1st quarter valued at approximately $3,323,000. Galaxy Digital Inc. purchased a new stake in shares of Hyperliquid Strategies during the first quarter worth $4,581,000. OLP CAPITAL MANAGEMENT Ltd acquired a new stake in Hyperliquid Strategies in the 1st quarter valued at about $10,459,000. Maplelane Capital LLC purchased a new position in Hyperliquid Strategies in the first quarter worth approximately $2,927,000. Finally, Deutsche Bank AG purchased a new stake in shares of Hyperliquid Strategies during the 2nd quarter worth $965,000. Hedge funds and other institutional investors own 9.45% of the company’s stock.

About Hyperliquid Strategies