AMH Equity Ltd Purchases New Position in Hyperfine, Inc. (NASDAQ:HYPR)

AMH Equity Ltd purchased a new stake in Hyperfine, Inc. (NASDAQ:HYPR) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 125,084 shares of the company’s stock, valued at approximately $90,000. AMH Equity Ltd owned approximately 0.16% of Hyperfine as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Virtu Financial LLC bought a new stake in shares of Hyperfine in the 4th quarter valued at approximately $25,000. Wealth Enhancement Advisory Services LLC lifted its holdings in Hyperfine by 64.3% in 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. Finally, Renaissance Technologies LLC lifted its holdings in Hyperfine by 32.9% in the 4th quarter. Renaissance Technologies LLC now owns 212,300 shares of the company’s stock worth $187,000 after purchasing an additional 52,500 shares during the last quarter. Institutional investors own 15.03% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on HYPR shares. Wells Fargo & Company reduced their target price on Hyperfine from $1.29 to $0.68 and set an “equal weight” rating for the company in a report on Wednesday, May 14th. B. Riley restated a “buy” rating on shares of Hyperfine in a report on Tuesday, June 3rd. Finally, Lake Street Capital started coverage on Hyperfine in a report on Monday, March 24th. They issued a “buy” rating and a $1.50 target price for the company.

Hyperfine Stock Down 10.7%

Shares of HYPR stock opened at $0.92 on Friday. Hyperfine, Inc. has a 12 month low of $0.53 and a 12 month high of $1.90. The firm has a market cap of $71.61 million, a PE ratio of -1.70 and a beta of 1.01. The stock has a 50 day moving average of $0.72 and a 200-day moving average of $0.85.

Hyperfine (NASDAQ:HYPR) last issued its quarterly earnings results on Tuesday, May 13th. The company reported ($0.12) EPS for the quarter, hitting analysts’ consensus estimates of ($0.12). Hyperfine had a negative return on equity of 74.19% and a negative net margin of 343.42%. The company had revenue of $2.14 million during the quarter, compared to analyst estimates of $2.82 million. As a group, equities analysts predict that Hyperfine, Inc. will post -0.57 EPS for the current fiscal year.

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.