Hyperliquid Strategies (NASDAQ:PURR) Hits New 12-Month High – Still a Buy?

Hyperliquid Strategies Inc (NASDAQ:PURR)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as $5.92 and last traded at $5.6620, with a volume of 2342279 shares changing hands. The stock had previously closed at $5.33.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Chardan Capital upped their price target on shares of Hyperliquid Strategies from $8.15 to $8.45 and gave the stock a “buy” rating in a research note on Thursday, February 12th. Wall Street Zen upgraded shares of Hyperliquid Strategies to a “hold” rating in a research note on Saturday, February 21st. Cantor Fitzgerald boosted their target price on Hyperliquid Strategies from $5.00 to $6.00 and gave the stock an “overweight” rating in a report on Thursday, February 12th. Finally, Weiss Ratings initiated coverage on Hyperliquid Strategies in a research report on Monday, March 2nd. They issued a “sell (e)” rating for the company. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $7.23.

Hyperliquid Strategies Price Performance

The firm has a market capitalization of $666.96 million, a PE ratio of -0.58 and a beta of 1.58.

Hyperliquid Strategies (NASDAQ:PURR) last issued its quarterly earnings results on Wednesday, February 11th. The company reported ($7.43) earnings per share for the quarter. The business had revenue of $0.50 million for the quarter.

Institutional Trading of Hyperliquid Strategies

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Corient Private Wealth LLC bought a new stake in Hyperliquid Strategies during the fourth quarter worth approximately $178,000. Feynman Point Asset Management LLC bought a new position in shares of Hyperliquid Strategies in the fourth quarter valued at $14,431,000. Galaxy Group Investments LLC acquired a new stake in shares of Hyperliquid Strategies during the 4th quarter valued at $15,167,000. XTX Topco Ltd acquired a new stake in shares of Hyperliquid Strategies during the 4th quarter valued at $48,000. Finally, Ikarian Capital LLC bought a new stake in shares of Hyperliquid Strategies during the 4th quarter worth $107,000. 9.45% of the stock is owned by institutional investors and hedge funds.

About Hyperliquid Strategies

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.