Hyperfine, Inc. (NASDAQ:HYPR) Receives Consensus Rating of “Hold” from Brokerages

Shares of Hyperfine, Inc. (NASDAQ:HYPR) have earned an average rating of “Hold” from the five research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $1.45.

HYPR has been the topic of a number of research reports. Zacks Research raised shares of Hyperfine to a “hold” rating in a research note on Thursday. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Hyperfine in a research report on Thursday, January 22nd. Finally, Lake Street Capital upped their target price on Hyperfine from $2.00 to $2.50 and gave the stock a “buy” rating in a report on Thursday.

Institutional Investors Weigh In On Hyperfine

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. EP Wealth Advisors LLC purchased a new position in Hyperfine during the fourth quarter valued at $34,000. Sanctuary Advisors LLC grew its position in shares of Hyperfine by 130.9% in the 4th quarter. Sanctuary Advisors LLC now owns 39,938 shares of the company’s stock worth $39,000 after buying an additional 22,638 shares during the period. Kathmere Capital Management LLC bought a new position in shares of Hyperfine in the 4th quarter worth about $51,000. Millennium Management LLC bought a new position in shares of Hyperfine in the 4th quarter worth about $55,000. Finally, Cerity Partners LLC purchased a new position in Hyperfine during the 4th quarter valued at about $59,000. 15.03% of the stock is owned by hedge funds and other institutional investors.

Hyperfine Stock Up 2.5%

Shares of HYPR stock opened at $1.24 on Friday. The stock has a fifty day moving average of $1.15 and a 200 day moving average of $1.20. Hyperfine has a 52 week low of $0.53 and a 52 week high of $2.22. The firm has a market capitalization of $120.49 million, a price-to-earnings ratio of -2.82 and a beta of 1.09.

Hyperfine (NASDAQ:HYPR) last issued its quarterly earnings data on Wednesday, March 18th. The company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.08) by $0.02. Hyperfine had a negative net margin of 262.29% and a negative return on equity of 95.09%. The business had revenue of $5.29 million for the quarter, compared to the consensus estimate of $5.30 million. Equities research analysts anticipate that Hyperfine will post -0.57 earnings per share for the current year.

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.