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

Hyperliquid Strategies Inc (NASDAQ:PURR) has been given an average rating of “Buy” by the five brokerages that are presently covering the firm, Marketbeat.com reports. Four analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $19.80.

A number of brokerages have issued reports on PURR. Weiss Ratings raised shares of Hyperliquid Strategies from a “hold (c)” rating to a “buy (b-)” rating in a report on Thursday, October 8th. Compass Point assumed coverage on Hyperliquid Strategies in a research note on Monday, September 14th. They issued a “buy” rating and a $18.00 target price for the company. Cantor Fitzgerald lifted their target price on Hyperliquid Strategies from $22.60 to $34.20 and gave the company an “overweight” rating in a research note on Thursday, September 10th. Chardan Capital upped their target price on Hyperliquid Strategies from $9.75 to $17.00 and gave the company a “buy” rating in a report on Friday, August 28th. Finally, Wall Street Zen cut Hyperliquid Strategies from a “hold” rating to a “sell” rating in a research report on Sunday.

Hyperliquid Strategies Stock Down 1.6%

Shares of NASDAQ:PURR opened at $10.23 on Friday. Hyperliquid Strategies has a fifty-two week low of $3.01 and a fifty-two week high of $14.76. The firm has a 50-day simple moving average of $10.91 and a 200 day simple moving average of $8.53.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in Hyperliquid Strategies in the second quarter valued at $79,842,000. Paradigm Operations LP acquired a new position in shares of Hyperliquid Strategies during the second quarter valued at $44,936,535. OLP CAPITAL MANAGEMENT Ltd acquired a new position in shares of Hyperliquid Strategies during the first quarter valued at $10,459,000. 683 Capital Management LLC acquired a new position in shares of Hyperliquid Strategies during the fourth quarter valued at $5,660,000. Finally, Arrington Capital Management LLC acquired a new position in shares of Hyperliquid Strategies during the fourth quarter valued at $4,557,000. Institutional investors and hedge funds own 9.45% of the company’s stock.

About Hyperliquid Strategies