Hyperliquid Strategies (NASDAQ:PURR) Stock Rating Lowered by Wall Street Zen

Hyperliquid Strategies (NASDAQ:PURR – Get Free Report) was downgraded by Wall Street Zen from a “hold” rating to a “sell” rating in a research report issued on Sunday, Wall Street Zen reports.

PURR has been the topic of several other reports. Chardan Capital lifted their target price on shares of Hyperliquid Strategies from $9.75 to $17.00 and gave the stock a “buy” rating in a research report on Friday, August 28th. Weiss Ratings upgraded shares of Hyperliquid Strategies from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday. Compass Point began coverage on shares of Hyperliquid Strategies in a research report on Monday, September 14th. They issued a “buy” rating and a $18.00 price target for the company. Finally, Cantor Fitzgerald upped their price target on shares of Hyperliquid Strategies from $22.60 to $34.20 and gave the company an “overweight” rating in a research report on Thursday, September 10th. One equities research analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $19.80.

Check Out Our Latest Stock Analysis on Hyperliquid Strategies

Hyperliquid Strategies Trading Down 6.4%

NASDAQ PURR opened at $10.40 on Friday. Hyperliquid Strategies has a 1 year low of $3.01 and a 1 year high of $14.76. The company has a market cap of $2.89 billion, a PE ratio of -1.62 and a beta of 1.89. The stock’s 50-day moving average price is $10.84 and its two-hundred day moving average price is $8.50.

Institutional Trading of Hyperliquid Strategies

A number of institutional investors have recently added to or reduced their stakes in PURR. BlackRock Inc. bought a new stake in Hyperliquid Strategies in the second quarter worth approximately $79,842,000. Paradigm Operations LP bought a new position in shares of Hyperliquid Strategies during the 2nd quarter valued at $44,936,535. OLP CAPITAL MANAGEMENT Ltd bought a new position in shares of Hyperliquid Strategies during the 1st quarter valued at $10,459,000. Wealth High Governance Capital Ltda bought a new position in shares of Hyperliquid Strategies during the 2nd quarter valued at $6,517,000. Finally, 683 Capital Management LLC acquired a new stake in shares of Hyperliquid Strategies in the 4th quarter valued at $5,660,000. 9.45% of the stock is currently owned by institutional investors and hedge funds.

Hyperliquid Strategies Company Profile

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Analyst Recommendations for Hyperliquid Strategies (NASDAQ:PURR)

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