683 Capital Management LLC Acquires Shares of 1,590,000 Hyperliquid Strategies Inc $PURR

683 Capital Management LLC acquired a new stake in Hyperliquid Strategies Inc (NASDAQ:PURR) in the 4th quarter, Holdings Channel reports. The institutional investor acquired 1,590,000 shares of the company’s stock, valued at approximately $5,660,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Squarepoint Ops LLC bought a new position in shares of Hyperliquid Strategies during the fourth quarter valued at approximately $73,000. OMERS ADMINISTRATION Corp bought a new position in shares of Hyperliquid Strategies during the fourth quarter valued at approximately $156,000. EHP Funds Inc. bought a new position in shares of Hyperliquid Strategies during the fourth quarter valued at approximately $302,000. Jane Street Group LLC bought a new position in shares of Hyperliquid Strategies during the fourth quarter valued at approximately $339,000. Finally, HRT Financial LP bought a new position in shares of Hyperliquid Strategies during the fourth quarter valued at approximately $856,000. Institutional investors own 9.45% of the company’s stock.

Hyperliquid Strategies Price Performance

Shares of NASDAQ:PURR opened at $9.81 on Thursday. Hyperliquid Strategies Inc has a 1-year low of $3.01 and a 1-year high of $11.62. The firm’s fifty day moving average is $7.42. The company has a market capitalization of $1.42 billion, a P/E ratio of -1.33 and a beta of 1.64.

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

Analysts Set New Price Targets

A number of equities analysts recently commented on PURR shares. Cantor Fitzgerald upped their target price on Hyperliquid Strategies from $6.00 to $8.00 and gave the company an “overweight” rating in a report on Monday, May 11th. Wall Street Zen upgraded Hyperliquid Strategies to a “hold” rating in a report on Saturday, February 21st. Chardan Capital restated a “buy” rating and set a $9.75 target price on shares of Hyperliquid Strategies in a report on Friday, June 12th. Weiss Ratings upgraded Hyperliquid Strategies from a “sell (d)” rating to a “sell (d+)” rating in a report on Wednesday, June 3rd. Finally, Maxim Group assumed coverage on Hyperliquid Strategies in a research report on Friday, April 24th. They set a “buy” rating and a $10.00 price objective for the company. Three research analysts have rated the stock with a Buy rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $9.25.

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.