Hyperliquid Strategies (NASDAQ:PURR) Price Target Raised to $34.20

Hyperliquid Strategies (NASDAQ:PURR) had its target price increased by Cantor Fitzgerald from $22.60 to $34.20 in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. They currently have an overweight rating on the stock.

PURR has been the topic of a number of other research reports. Wall Street Zen cut shares of Hyperliquid Strategies from a “hold” rating to a “sell” rating in a report on Saturday, August 29th. Chardan Capital lifted their target price on shares of Hyperliquid Strategies from $9.75 to $17.00 and gave the company a “buy” rating in a report on Friday, August 28th. Finally, Weiss Ratings raised Hyperliquid Strategies from a “sell (d+)” rating to a “hold (c)” rating in a report on Friday, August 28th. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $20.40.

Hyperliquid Strategies Price Performance

Shares of Hyperliquid Strategies stock opened at $11.61 on Thursday. Hyperliquid Strategies has a 1 year low of $3.01 and a 1 year high of $14.14. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of -1.81 and a beta of 1.89. The company has a 50-day moving average of $8.58 and a 200 day moving average of $7.40.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of PURR. BlackRock Inc. bought a new position in shares of Hyperliquid Strategies in the second quarter worth about $79,842,000. Paradigm Operations LP purchased a new stake in Hyperliquid Strategies during the 2nd quarter valued at approximately $44,936,535. Galaxy Group Investments LLC bought a new stake in shares of 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 fourth quarter valued at approximately $14,545,000. Finally, Feynman Point Asset Management LLC bought a new stake in shares of Hyperliquid Strategies during the fourth quarter valued at approximately $14,431,000. Hedge funds and other institutional investors own 9.45% of the company’s stock.

About Hyperliquid Strategies