Stock Traders Purchase High Volume of Call Options on Hyperliquid Strategies (NASDAQ:PURR)

Hyperliquid Strategies Inc (NASDAQ:PURR) was the recipient of unusually large options trading on Tuesday. Investors acquired 44,197 call options on the company. This is an increase of approximately 137% compared to the typical daily volume of 18,640 call options.

Institutional Investors Weigh In On Hyperliquid Strategies

Large investors have recently bought and sold shares of the company. Boothbay Fund Management LLC acquired a new position in shares of Hyperliquid Strategies in the 4th quarter valued at approximately $40,000. XTX Topco Ltd acquired a new position in Hyperliquid Strategies during the fourth quarter valued at approximately $48,000. Squarepoint Ops LLC acquired a new position in Hyperliquid Strategies during the fourth quarter valued at approximately $73,000. Private Advisor Group LLC bought a new stake in Hyperliquid Strategies during the first quarter worth $83,000. Finally, Millennium Management LLC acquired a new stake in shares of Hyperliquid Strategies in the 4th quarter valued at $87,000. 9.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently commented on PURR. Cantor Fitzgerald lifted their target price on Hyperliquid Strategies from $6.00 to $8.00 and gave the stock an “overweight” rating in a research note on Monday, May 11th. Chardan Capital restated a “buy” rating and set a $9.75 target price on shares of Hyperliquid Strategies in a research note on Friday, June 12th. Weiss Ratings upgraded Hyperliquid Strategies from a “sell (d)” rating to a “sell (d+)” rating in a research report on Wednesday, June 3rd. Finally, Maxim Group began coverage on shares of Hyperliquid Strategies in a research report on Friday, April 24th. They issued a “buy” rating and a $10.00 target price for the company. Three equities research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $9.25.

Hyperliquid Strategies Trading Down 9.2%

Shares of NASDAQ PURR traded down $0.84 during midday trading on Tuesday, reaching $8.36. The company’s stock had a trading volume of 9,415,842 shares, compared to its average volume of 8,157,126. The firm has a market cap of $1.21 billion, a P/E ratio of -1.13 and a beta of 1.64. The stock’s 50 day moving average price is $7.66. Hyperliquid Strategies has a fifty-two week low of $3.01 and a fifty-two week high of $11.62.

Hyperliquid Strategies (NASDAQ:PURR) last issued its quarterly earnings results on Thursday, May 7th. The company reported $1.01 earnings per share (EPS) for the quarter. The company had revenue of $2.63 million for the quarter. Sell-side analysts anticipate that Hyperliquid Strategies will post 2.1 earnings per share for the current year.

About Hyperliquid Strategies

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.