Hyperfine (NASDAQ:HYPR) Now Covered by Lake Street Capital

Equities researchers at Lake Street Capital began coverage on shares of Hyperfine (NASDAQ:HYPR) in a research report issued on Monday,Benzinga reports. The firm set a “buy” rating and a $1.50 price target on the stock. Lake Street Capital’s target price would suggest a potential upside of 82.93% from the company’s current price.

Several other research analysts have also weighed in on HYPR. B. Riley reduced their target price on Hyperfine from $1.50 to $1.20 and set a “buy” rating on the stock in a report on Thursday. Wells Fargo & Company boosted their price objective on shares of Hyperfine from $1.10 to $1.29 and gave the stock an “equal weight” rating in a research report on Tuesday, March 18th.

Hyperfine Price Performance

Shares of NASDAQ:HYPR opened at $0.82 on Monday. The stock has a market capitalization of $59.82 million, a price-to-earnings ratio of -1.44 and a beta of 0.94. Hyperfine has a fifty-two week low of $0.76 and a fifty-two week high of $1.90. The business’s fifty day moving average price is $1.06 and its two-hundred day moving average price is $1.00.

Hyperfine (NASDAQ:HYPR) last posted its quarterly earnings data on Monday, March 17th. The company reported ($0.14) earnings per share for the quarter, topping the consensus estimate of ($0.16) by $0.02. The firm had revenue of $2.32 million during the quarter, compared to analysts’ expectations of $2.30 million. Hyperfine had a negative net margin of 309.42% and a negative return on equity of 57.54%. During the same quarter in the previous year, the company posted ($0.15) EPS. Research analysts expect that Hyperfine will post -0.57 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in HYPR. Virtu Financial LLC bought a new position in shares of Hyperfine in the fourth quarter valued at $25,000. Graypoint LLC bought a new position in shares of Hyperfine in the 4th quarter valued at about $44,000. Wealth Enhancement Advisory Services LLC increased its stake in shares of Hyperfine by 64.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 82,008 shares of the company’s stock worth $72,000 after purchasing an additional 32,093 shares during the last quarter. Renaissance Technologies LLC raised its holdings in shares of Hyperfine by 32.9% in the 4th quarter. Renaissance Technologies LLC now owns 212,300 shares of the company’s stock valued at $187,000 after purchasing an additional 52,500 shares during the period. Finally, Geode Capital Management LLC lifted its stake in Hyperfine by 18.7% in the 3rd quarter. Geode Capital Management LLC now owns 624,520 shares of the company’s stock valued at $675,000 after purchasing an additional 98,335 shares during the last quarter. Institutional investors and hedge funds own 15.03% of the company’s stock.

About Hyperfine

Hyperfine, Inc, a medical device company, provides magnetic resonance imaging (MRI) products in the United States. The company offers Swoop Portable MR imaging system, which offers portable brain neuroimaging; and support and technical assistance services. It serves ICU, comprehensive, and primary stroke accredited facilities through direct sales and distributors.