Hyperliquid Strategies Inc (NASDAQ:PURR) Stock Has Average Price Target of $19.80 According to Analysts

Hyperliquid Strategies Inc (NASDAQ:PURR) has been given a consensus recommendation of “Buy” by the five research firms that are covering the stock, Marketbeat reports. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $19.80.

Several equities analysts have commented on PURR shares. Compass Point started coverage on Hyperliquid Strategies in a report on Monday, September 14th. They set a “buy” rating and a $18.00 price target on the stock. Cantor Fitzgerald boosted their price objective on shares of 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 upped their price objective on shares of Hyperliquid Strategies from $9.75 to $17.00 and gave the stock a “buy” rating in a report on Friday, August 28th. Wall Street Zen downgraded shares of Hyperliquid Strategies from a “hold” rating to a “sell” rating in a report on Sunday, October 11th. Finally, Weiss Ratings upgraded shares of Hyperliquid Strategies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th.

Hyperliquid Strategies Stock Performance

Shares of PURR stock opened at $9.80 on Friday. The stock’s 50 day simple moving average is $11.02 and its 200 day simple moving average is $8.60. Hyperliquid Strategies has a twelve month low of $3.01 and a twelve month high of $14.76. The company has a market capitalization of $2.73 billion, a price-to-earnings ratio of -1.53 and a beta of 1.89.

Institutional Investors Weigh In On Hyperliquid Strategies

A number of hedge funds have recently bought and sold shares of the company. SLT Holdings LLC acquired a new stake in shares of Hyperliquid Strategies in the third quarter valued at about $693,000. Mather Group LLC. boosted its stake in Hyperliquid Strategies by 59.0% during the 3rd quarter. Mather Group LLC. now owns 70,202 shares of the company’s stock valued at $861,000 after purchasing an additional 26,056 shares during the period. Farther Finance Advisors LLC boosted its stake in Hyperliquid Strategies by 397.9% during the 3rd quarter. Farther Finance Advisors LLC now owns 12,388 shares of the company’s stock valued at $152,000 after purchasing an additional 9,900 shares during the period. CoreCap Advisors LLC boosted its stake in Hyperliquid Strategies by 740.0% during the 3rd quarter. CoreCap Advisors LLC now owns 8,400 shares of the company’s stock valued at $103,000 after purchasing an additional 7,400 shares during the period. Finally, Tidal Investments LLC acquired a new stake in Hyperliquid Strategies in the 2nd quarter valued at approximately $5,285,000. 9.45% of the stock is currently owned by institutional investors.

About Hyperliquid Strategies