Hyperliquid Strategies (NASDAQ:PURR) Shares Gap Down – Here’s What Happened

Hyperliquid Strategies Inc (NASDAQ:PURR) shares gapped down before the market opened on Tuesday . The stock had previously closed at $11.85, but opened at $11.33. Hyperliquid Strategies shares last traded at $11.1890, with a volume of 3,017,681 shares traded.

Analyst Ratings Changes

A number of brokerages have commented on PURR. Compass Point began coverage on Hyperliquid Strategies in a research note on Monday. They issued a “buy” rating and a $18.00 target price for the company. Wall Street Zen cut Hyperliquid Strategies from a “hold” rating to a “sell” rating in a research report on Saturday, August 29th. Cantor Fitzgerald raised their price target on Hyperliquid Strategies from $22.60 to $34.20 and gave the stock an “overweight” rating in a report on Thursday, September 10th. Weiss Ratings upgraded Hyperliquid Strategies from a “sell (d+)” rating to a “hold (c)” rating in a research report on Friday, August 28th. Finally, Chardan Capital upped their price objective on Hyperliquid Strategies from $9.75 to $17.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, Hyperliquid Strategies presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.80.

Hyperliquid Strategies Trading Up 2.1%

The firm’s 50-day simple moving average is $8.77 and its 200 day simple moving average is $7.58. The stock has a market cap of $2.26 billion, a P/E ratio of -1.78 and a beta of 1.89.

Hedge Funds Weigh In On Hyperliquid Strategies

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Hyperliquid Strategies during the 2nd quarter valued at $79,842,000. Paradigm Operations LP bought a new position in shares of Hyperliquid Strategies in the second quarter worth $44,936,535. OLP CAPITAL MANAGEMENT Ltd acquired a new position in shares of Hyperliquid Strategies during the first quarter valued at $10,459,000. Wealth High Governance Capital Ltda acquired a new position in shares of Hyperliquid Strategies during the second quarter valued at $6,517,000. Finally, 683 Capital Management LLC bought a new stake in shares of Hyperliquid Strategies during the fourth quarter valued at about $5,660,000. 9.45% of the stock is owned by institutional investors.

Hyperliquid Strategies Company Profile