Hyperliquid Strategies (NASDAQ:PURR) Shares Gap Up – What’s Next?

Hyperliquid Strategies Inc (NASDAQ:PURR) shares gapped up before the market opened on Tuesday . The stock had previously closed at $6.93, but opened at $7.41. Hyperliquid Strategies shares last traded at $7.63, with a volume of 3,864,718 shares.

Wall Street Analyst Weigh In

A number of research analysts have commented on PURR shares. Wall Street Zen upgraded shares of Hyperliquid Strategies to a “hold” rating in a research note on Saturday, February 21st. Cantor Fitzgerald raised their price target on shares of Hyperliquid Strategies from $6.00 to $8.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Weiss Ratings started coverage on shares of Hyperliquid Strategies in a research note on Monday, March 2nd. They set a “sell (e)” rating for the company. Maxim Group assumed coverage on shares of Hyperliquid Strategies in a research note on Friday, April 24th. They set a “buy” rating and a $10.00 price target for the company. Finally, Chardan Capital lifted their target price on shares of Hyperliquid Strategies from $8.45 to $9.75 and gave the company a “buy” rating in a research note on Wednesday. Three analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $9.25.

Hyperliquid Strategies Stock Performance

The firm’s 50 day moving average is $5.95. The stock has a market cap of $1.09 billion, a P/E ratio of -1.10 and a beta of 1.44.

Hyperliquid Strategies (NASDAQ:PURR) last posted its earnings results on Thursday, May 7th. The company reported $1.01 earnings per share (EPS) for the quarter. The firm had revenue of $2.63 million during the quarter. Equities research analysts expect that Hyperliquid Strategies Inc will post -1.15 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. Paradigm Operations LP bought a new position in shares of Hyperliquid Strategies in the fourth quarter valued at approximately $20,327,000. Galaxy Group Investments LLC acquired a new stake in shares of Hyperliquid Strategies in the fourth quarter valued at approximately $15,167,000. Pantera Capital Partners LP acquired a new stake in shares of Hyperliquid Strategies in the fourth quarter valued at approximately $14,545,000. Feynman Point Asset Management LLC acquired a new stake in shares of Hyperliquid Strategies in the fourth quarter valued at approximately $14,431,000. Finally, OLP CAPITAL MANAGEMENT Ltd acquired a new stake in shares of Hyperliquid Strategies in the first quarter valued at approximately $10,459,000. Institutional investors own 9.45% of the company’s stock.

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.