Hyperfine (NASDAQ:HYPR – Get Free Report)‘s stock had its “buy” rating reissued by investment analysts at B. Riley Financial in a research note issued to investors on Monday,Benzinga reports. They presently have a $1.60 price target on the stock, down from their prior price target of $2.00. B. Riley Financial’s price objective would suggest a potential upside of 67.36% from the company’s current price.
Several other equities research analysts have also recently weighed in on the company. BTIG Research began coverage on Hyperfine in a research note on Wednesday, April 29th. They set a “buy” rating and a $2.00 target price for the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Hyperfine in a research note on Friday, July 17th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $1.74.
Check Out Our Latest Stock Analysis on HYPR
Hyperfine Stock Up 0.1%
Hyperfine (NASDAQ:HYPR – Get Free Report) last issued its earnings results on Thursday, August 6th. The company reported ($0.09) EPS for the quarter, hitting analysts’ consensus estimates of ($0.09). Hyperfine had a negative net margin of 210.75% and a negative return on equity of 99.81%. The firm had revenue of $3.90 million during the quarter, compared to the consensus estimate of $4.13 million. Equities research analysts expect that Hyperfine will post -0.34 earnings per share for the current year.
Institutional Trading of Hyperfine
Institutional investors and hedge funds have recently bought and sold shares of the business. Vanguard Group Inc. raised its position in Hyperfine by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 3,511,972 shares of the company’s stock valued at $5,092,000 after purchasing an additional 190,136 shares during the last quarter. Catalio Capital Management LP boosted its stake in shares of Hyperfine by 92.8% during the fourth quarter. Catalio Capital Management LP now owns 1,320,041 shares of the company’s stock worth $1,293,000 after buying an additional 635,500 shares during the period. Geode Capital Management LLC boosted its stake in shares of Hyperfine by 21.4% during the fourth quarter. Geode Capital Management LLC now owns 815,986 shares of the company’s stock worth $799,000 after buying an additional 143,975 shares during the period. Renaissance Technologies LLC raised its stake in Hyperfine by 100.2% during the 1st quarter. Renaissance Technologies LLC now owns 730,233 shares of the company’s stock valued at $789,000 after acquiring an additional 365,490 shares during the last quarter. Finally, Bank of New York Mellon Corp acquired a new stake in Hyperfine during the 2nd quarter worth approximately $419,000. Hedge funds and other institutional investors own 15.03% of the company’s stock.
About Hyperfine
Hyperfine, Inc (NASDAQ: HYPR) is a medical technology company focused on expanding access to advanced neuroimaging through its portable magnetic resonance imaging (MRI) system. The company’s flagship product, Swoop®, is designed to enable bedside MRI scanning in a wide range of clinical environments, including emergency departments, intensive care units and outpatient clinics. By leveraging a compact, high-performance permanent magnet and a custom-designed gradient system, Hyperfine aims to reduce the logistical and financial barriers associated with traditional, large-scale MRI installations.
The Swoop system features a lightweight, wheeled design that can be maneuvered directly to a patient’s bedside, allowing clinicians to conduct diagnostic imaging without the need to transport critically ill or immobile patients.
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