Hyperliquid Strategies (NASDAQ:PURR) Now Covered by Maxim Group

Maxim Group started coverage on shares of Hyperliquid Strategies (NASDAQ:PURR) in a research report released on Friday, MarketBeat.com reports. The firm issued a buy rating and a $10.00 target price on the stock.

PURR has been the subject of several other research reports. Weiss Ratings began coverage on shares of Hyperliquid Strategies in a research report on Monday, March 2nd. They issued a “sell (e)” rating for the company. Chardan Capital boosted their target price on shares of Hyperliquid Strategies from $8.15 to $8.45 and gave the stock a “buy” rating in a research report on Thursday, February 12th. Wall Street Zen raised shares of Hyperliquid Strategies to a “hold” rating in a research report on Saturday, February 21st. Finally, Cantor Fitzgerald raised shares of Hyperliquid Strategies to a “strong-buy” rating in a research report on Thursday, April 9th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Hyperliquid Strategies has an average rating of “Moderate Buy” and a consensus price target of $8.15.

Hyperliquid Strategies Stock Up 0.5%

NASDAQ PURR opened at $6.00 on Friday. The company’s fifty day moving average is $5.22. The company has a market cap of $743.81 million, a P/E ratio of -0.65 and a beta of 1.38. Hyperliquid Strategies has a 12 month low of $3.01 and a 12 month high of $6.88.

Hyperliquid Strategies (NASDAQ:PURR) last released its earnings results on Wednesday, February 11th. The company reported ($7.43) earnings per share for the quarter. The firm had revenue of $0.50 million for the quarter. As a group, research analysts predict that Hyperliquid Strategies will post -1.15 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PURR. Paradigm Operations LP acquired a new position in shares of Hyperliquid Strategies in the 4th quarter valued at about $20,327,000. Galaxy Group Investments LLC acquired a new position in shares of Hyperliquid Strategies in the 4th quarter valued at about $15,167,000. Pantera Capital Partners LP acquired a new position in shares of Hyperliquid Strategies in the 4th quarter valued at about $14,545,000. Feynman Point Asset Management LLC acquired a new position in shares of Hyperliquid Strategies in the 4th quarter valued at about $14,431,000. Finally, 683 Capital Management LLC acquired a new position in shares of Hyperliquid Strategies in the 4th quarter valued at about $5,660,000. 9.45% of the stock is owned by institutional investors and hedge funds.

Hyperliquid Strategies Company Profile

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.