Hyperliquid Strategies (NASDAQ:PURR) Cut to “Sell” at Wall Street Zen

Wall Street Zen cut shares of Hyperliquid Strategies (NASDAQ:PURR) from a hold rating to a sell rating in a research note published on Sunday morning,Wall Street Zen reports.

A number of other analysts have also issued reports on the stock. Chardan Capital boosted their price target on shares of Hyperliquid Strategies from $9.75 to $17.00 and gave the stock a “buy” rating in a research note on Friday, August 28th. Weiss Ratings raised shares of Hyperliquid Strategies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday, October 8th. Compass Point began coverage on shares of Hyperliquid Strategies in a research note on Monday, September 14th. They issued a “buy” rating and a $18.00 price objective for the company. Finally, Cantor Fitzgerald lifted their price objective on shares of Hyperliquid Strategies from $22.60 to $34.20 and gave the company an “overweight” rating in a report on Thursday, September 10th. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $19.80.

Hyperliquid Strategies Price Performance

PURR opened at $10.23 on Friday. The stock’s 50-day moving average price is $10.91 and its 200 day moving average price is $8.53. Hyperliquid Strategies has a 12-month low of $3.01 and a 12-month high of $14.76.

Institutional Trading of Hyperliquid Strategies

Hedge funds have recently modified their holdings of the stock. Farther Finance Advisors LLC grew 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 worth $152,000 after purchasing an additional 9,900 shares in the last quarter. CoreCap Advisors LLC raised its position in Hyperliquid Strategies by 740.0% in 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 in the last quarter. Tidal Investments LLC acquired a new stake in Hyperliquid Strategies in the 2nd quarter valued at about $5,285,000. Engineers Gate Manager LP acquired a new stake in Hyperliquid Strategies in the 2nd quarter valued at about $533,000. Finally, Baird Financial Group Inc. acquired a new stake in Hyperliquid Strategies in the 2nd quarter valued at about $111,000. 9.45% of the stock is currently owned by institutional investors and hedge funds.

Hyperliquid Strategies Company Profile