Hyperion DeFi (NASDAQ:HYPD) Price Target Raised to $7.10

Hyperion DeFi (NASDAQ:HYPD – Free Report) had its price target hoisted by Cantor Fitzgerald from $6.60 to $7.10 in a research report sent to investors on Thursday morning, MarketBeat reports. The firm currently has an overweight rating on the stock.

A number of other equities analysts also recently weighed in on HYPD. Weiss Ratings upgraded Hyperion DeFi from a “sell (e+)” rating to a “sell (d-)” rating in a report on Wednesday, June 24th. Zacks Research raised shares of Hyperion DeFi from a “strong sell” rating to a “hold” rating in a research report on Tuesday, July 14th. Finally, Chardan Capital restated a “buy” rating and set a $7.30 price target on shares of Hyperion DeFi in a report on Tuesday, August 11th. Two investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, Hyperion DeFi presently has an average rating of “Hold” and an average price target of $7.20.

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Check Out Our Latest Stock Analysis on HYPD

Hyperion DeFi Stock Performance

Shares of HYPD stock opened at $2.72 on Thursday. The company has a market capitalization of $41.24 million, a price-to-earnings ratio of -0.42 and a beta of 2.53. Hyperion DeFi has a 1-year low of $2.34 and a 1-year high of $15.00. The company has a current ratio of 1.97, a quick ratio of 1.97 and a debt-to-equity ratio of 0.12. The stock’s fifty day simple moving average is $2.90 and its 200-day simple moving average is $3.35.

Hyperion DeFi (NASDAQ:HYPD – Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported $0.92 earnings per share (EPS) for the quarter. Hyperion DeFi had a negative return on equity of 13.93% and a net margin of 416.56%.The firm had revenue of $0.36 million during the quarter. On average, sell-side analysts predict that Hyperion DeFi will post 1.69 earnings per share for the current fiscal year.

Insider Transactions at Hyperion DeFi

In other news, insider Hyunsu Jung acquired 7,000 shares of Hyperion DeFi stock in a transaction that occurred on Monday, June 1st. The stock was purchased at an average price of $3.70 per share, with a total value of $25,900.00. Following the completion of the transaction, the insider owned 1,384,676 shares in the company, valued at approximately $5,123,301.20. This trade represents a 0.51% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 7.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Sanctuary Advisors LLC purchased a new stake in shares of Hyperion DeFi during the 4th quarter worth about $38,000. Nations Financial Group Inc. IA ADV bought a new stake in shares of Hyperion DeFi in the 4th quarter valued at approximately $40,000. Price T Rowe Associates Inc. MD acquired a new position in Hyperion DeFi in the fourth quarter worth approximately $73,000. State Street Corp acquired a new position in Hyperion DeFi in the fourth quarter worth approximately $92,000. Finally, Investment House LLC acquired a new position in Hyperion DeFi in the fourth quarter worth approximately $166,000. 25.84% of the stock is owned by institutional investors and hedge funds.

Hyperion DeFi Company Profile

(Get Free Report)

Eyenovia, Inc, an ophthalmic technology company, engages in the development of therapeutics based on its proprietary microdose array print platform technology. The company's product candidates include MicroPine, which is in Phase III clinical development program with indications for pediatric myopia progression (near-sightedness); MicroLine, which is in Phase III clinical development program with indications for the improvement in near vision in people with presbyopia; and Mydcombi, which is in Phase III clinical development program with indications for pharmaceutical mydriasis.

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