Hyperliquid Strategies Target of Unusually High Options Trading (NASDAQ:PURR)

Hyperliquid Strategies Inc (NASDAQ:PURR) was the recipient of some unusual options trading activity on Tuesday. Stock traders purchased 44,197 call options on the stock. This is an increase of approximately 137% compared to the average daily volume of 18,640 call options.

Hedge Funds Weigh In On Hyperliquid Strategies

A number of hedge funds have recently modified their holdings of PURR. Paradigm Operations LP bought a new stake in shares of Hyperliquid Strategies during the 4th quarter worth $20,327,000. Galaxy Group Investments LLC acquired a new position in Hyperliquid Strategies during the fourth quarter valued at approximately $15,167,000. Pantera Capital Partners LP bought a new stake in shares of Hyperliquid Strategies during the 4th quarter worth approximately $14,545,000. Feynman Point Asset Management LLC acquired a new position in Hyperliquid Strategies during the fourth quarter worth $14,431,000. Finally, OLP CAPITAL MANAGEMENT Ltd bought a new position in shares of Hyperliquid Strategies in the 1st quarter valued at about $10,459,000. 9.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently commented on PURR shares. Chardan Capital reaffirmed a “buy” rating and set a $9.75 price objective on shares of Hyperliquid Strategies in a research note on Friday, June 12th. Maxim Group started coverage on shares of Hyperliquid Strategies in a report on Friday, April 24th. They issued a “buy” rating and a $10.00 price target on the stock. Cantor Fitzgerald boosted their price objective on shares of Hyperliquid Strategies from $6.00 to $8.00 and gave the company an “overweight” rating in a research report on Monday, May 11th. Finally, Weiss Ratings upgraded shares of Hyperliquid Strategies from a “sell (d)” rating to a “sell (d+)” rating in a research note on Wednesday, June 3rd. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $9.25.

Hyperliquid Strategies Trading Down 9.2%

NASDAQ PURR traded down $0.84 on Tuesday, hitting $8.36. 9,415,842 shares of the stock were exchanged, compared to its average volume of 8,157,126. Hyperliquid Strategies has a fifty-two week low of $3.01 and a fifty-two week high of $11.62. The firm has a 50-day simple moving average of $7.66. The firm has a market cap of $1.21 billion, a P/E ratio of -1.13 and a beta of 1.64.

Hyperliquid Strategies (NASDAQ:PURR) last released its quarterly earnings results on Thursday, May 7th. The company reported $1.01 earnings per share for the quarter. The company had revenue of $2.63 million during the quarter. Analysts forecast that Hyperliquid Strategies will post 2.1 EPS for the current fiscal year.

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.