Hyperliquid Strategies (NASDAQ:PURR) Stock Rating 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 report published on Sunday morning,Wall Street Zen reports.

Several other research firms have also weighed in on PURR. Weiss Ratings upgraded shares of Hyperliquid Strategies from a “hold (c)” rating to a “buy (b-)” rating in a research note on Thursday. Cantor Fitzgerald upped their target price 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. Chardan Capital raised their target price on shares of Hyperliquid Strategies from $9.75 to $17.00 and gave the company a “buy” rating in a research note on Friday, August 28th. Finally, 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 target price for the company. One investment analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $19.80.

Hyperliquid Strategies Price Performance

Shares of PURR stock opened at $11.11 on Friday. The stock has a market cap of $3.09 billion, a P/E ratio of -1.73 and a beta of 1.89. The company has a fifty day moving average price of $10.76 and a two-hundred day moving average price of $8.46. Hyperliquid Strategies has a one year low of $3.01 and a one year high of $14.76.

Institutional Investors Weigh In On Hyperliquid Strategies

Large investors have recently added to or reduced their stakes in the business. State of Wyoming acquired a new stake in shares of Hyperliquid Strategies during the 2nd quarter worth about $46,000. CoreCap Advisors LLC boosted its holdings in shares of Hyperliquid Strategies by 740.0% during the 3rd quarter. CoreCap Advisors LLC now owns 8,400 shares of the company’s stock worth $103,000 after buying an additional 7,400 shares during the period. Farther Finance Advisors LLC boosted its holdings in shares of 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 buying an additional 9,900 shares during the period. Shepherd Financial Partners LLC acquired a new position in Hyperliquid Strategies in the 2nd quarter valued at about $79,000. Finally, Lotus Technology Management LP acquired a new position in Hyperliquid Strategies in the 2nd quarter valued at about $93,000. Institutional investors own 9.45% of the company’s stock.

About Hyperliquid Strategies