B. Riley Has Lowered Expectations for Hyperfine (NASDAQ:HYPR) Stock Price

Hyperfine (NASDAQ:HYPR - Free Report) had its price target decreased by B. Riley from $1.50 to $1.20 in a research report report published on Thursday,Benzinga reports. B. Riley currently has a buy rating on the stock.

Separately, Wells Fargo & Company increased their price target on shares of Hyperfine from $1.10 to $1.29 and gave the stock an "equal weight" rating in a research note on Tuesday, March 18th.

Hyperfine Trading Up 1.2 %

NASDAQ HYPR traded up $0.01 on Thursday, hitting $0.83. The company's stock had a trading volume of 1,517,118 shares, compared to its average volume of 358,598. Hyperfine has a 52-week low of $0.76 and a 52-week high of $1.90. The firm has a market cap of $60.55 million, a P/E ratio of -1.46 and a beta of 0.94. The company's 50-day simple moving average is $1.06 and its 200 day simple moving average is $1.00.

Hyperfine (NASDAQ:HYPR - Get Free Report) last released its quarterly earnings results on Monday, March 17th. The company reported ($0.14) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.02. Hyperfine had a negative net margin of 309.42% and a negative return on equity of 57.54%. The business had revenue of $2.32 million for the quarter, compared to analysts' expectations of $2.30 million. During the same quarter in the previous year, the business posted ($0.15) earnings per share. On average, research analysts forecast that Hyperfine will post -0.57 EPS for the current fiscal year.

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Institutional Investors Weigh In On Hyperfine

Several hedge funds and other institutional investors have recently added to or reduced their stakes in HYPR. Virtu Financial LLC bought a new stake in shares of Hyperfine during the 4th quarter valued at $25,000. Graypoint LLC bought a new position in shares of Hyperfine in the 4th quarter worth about $44,000. Wealth Enhancement Advisory Services LLC lifted its position in Hyperfine by 64.3% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 82,008 shares of the company's stock valued at $72,000 after acquiring an additional 32,093 shares during the period. Renaissance Technologies LLC boosted its stake in Hyperfine by 32.9% during the fourth quarter. Renaissance Technologies LLC now owns 212,300 shares of the company's stock worth $187,000 after acquiring an additional 52,500 shares in the last quarter. Finally, Geode Capital Management LLC grew its holdings in Hyperfine by 18.7% in the third quarter. Geode Capital Management LLC now owns 624,520 shares of the company's stock worth $675,000 after purchasing an additional 98,335 shares during the period. 15.03% of the stock is owned by hedge funds and other institutional investors.

Hyperfine Company Profile

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.