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

Hyperliquid Strategies Inc (NASDAQ:PURR) has been assigned a consensus recommendation of “Buy” from the five ratings firms that are covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, three have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $20.00.

Several research analysts have commented on the stock. Weiss Ratings downgraded shares of Hyperliquid Strategies from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Friday, October 23rd. Cantor Fitzgerald raised their target price on Hyperliquid Strategies from $34.30 to $35.00 and gave the company an “overweight” rating in a report on Friday. Wall Street Zen upgraded Hyperliquid Strategies from a “sell” rating to a “hold” rating in a research note on Saturday. Compass Point initiated coverage on Hyperliquid Strategies in a report on Monday, September 14th. They set a “buy” rating and a $18.00 price target for the company. Finally, Chardan Capital lifted their target price on Hyperliquid Strategies from $9.75 to $17.00 and gave the company a “buy” rating in a research report on Friday, August 28th.

Hyperliquid Strategies Price Performance

PURR opened at $8.91 on Tuesday. Hyperliquid Strategies has a 52-week low of $3.01 and a 52-week high of $14.76. The business’s fifty day moving average is $11.17 and its 200-day moving average is $8.03.

Hyperliquid Strategies (NASDAQ:PURR) last announced its quarterly earnings data on Thursday, November 5th. The company reported $2.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.10 by $0.44. The firm had revenue of $12.25 million for the quarter, compared to analyst estimates of $15.07 million. On average, research analysts expect that Hyperliquid Strategies will post 2.63 earnings per share for the current year.

Institutional Investors Weigh In On Hyperliquid Strategies

A number of institutional investors have recently made changes to their positions in the stock. Russell Investments Group Ltd. boosted its holdings in Hyperliquid Strategies by 180.1% in the third quarter. Russell Investments Group Ltd. now owns 28,118 shares of the company’s stock valued at $345,000 after acquiring an additional 18,079 shares during the last quarter. Jefferies Financial Group Inc. acquired a new position in shares of Hyperliquid Strategies during the 3rd quarter valued at $329,000. Formidable Asset Management LLC acquired a new position in shares of Hyperliquid Strategies during the 3rd quarter valued at $193,000. Kestra Advisory Services LLC acquired a new position in shares of Hyperliquid Strategies during the 3rd quarter valued at $139,000. Finally, Commonwealth Equity Services LLC boosted its stake in Hyperliquid Strategies by 9.2% during the third quarter. Commonwealth Equity Services LLC now owns 16,242 shares of the company’s stock worth $199,000 after acquiring an additional 1,372 shares in the last quarter. Institutional investors own 9.45% of the company’s stock.

Hyperliquid Strategies Company Profile

Hyperliquid Strategies is a digital-asset treasury company focused on the Hyperliquid ecosystem. Its strategy centers on acquiring and holding HYPE, the native token of the Hyperliquid blockchain and decentralized trading platform.

The company is distinct from Hyperliquid, the platform itself: Hyperliquid Strategies provides a publicly traded vehicle for investors seeking exposure to HYPE and the ecosystem. Its business is centered on digital-asset holdings rather than a broad range of conventional products or services.

Hyperliquid is known for decentralized trading services, including perpetual futures and spot markets.