Hyperfine, Inc. (NASDAQ:HYPR) Director Jonathan M. Rothberg Acquires 34,488 Shares

Hyperfine, Inc. (NASDAQ:HYPRGet Rating) Director Jonathan M. Rothberg purchased 34,488 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were acquired at an average cost of $0.89 per share, with a total value of $30,694.32. Following the completion of the transaction, the director now directly owns 578,346 shares of the company’s stock, valued at approximately $514,727.94. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Hyperfine Price Performance

Shares of NASDAQ HYPR opened at $0.93 on Tuesday. The stock has a market capitalization of $65.53 million, a PE ratio of -0.26 and a beta of 0.69. Hyperfine, Inc. has a one year low of $0.74 and a one year high of $16.61. The business’s fifty day moving average price is $1.06 and its 200-day moving average price is $1.70.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. Wells Fargo & Company lowered Hyperfine from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $8.00 to $2.40 in a research report on Thursday, August 11th. B. Riley assumed coverage on shares of Hyperfine in a research report on Tuesday, October 4th. They issued a “buy” rating and a $3.50 price objective on the stock.

Institutional Investors Weigh In On Hyperfine

Several institutional investors have recently added to or reduced their stakes in HYPR. Guidance Point Advisors LLC bought a new stake in shares of Hyperfine in the first quarter valued at approximately $37,000. Mercer Global Advisors Inc. ADV purchased a new stake in shares of Hyperfine during the first quarter worth $53,000. Bank of New York Mellon Corp bought a new position in shares of Hyperfine in the first quarter worth $54,000. Millennium Management LLC purchased a new position in shares of Hyperfine in the second quarter valued at $41,000. Finally, Qube Research & Technologies Ltd bought a new stake in shares of Hyperfine during the 1st quarter valued at $65,000. 23.90% of the stock is owned by hedge funds and other institutional investors.

About Hyperfine

(Get Rating)

Hyperfine, Inc provides imaging, monitoring, and magnetic resonance imaging products. It offers Swoop Portable MR imaging system to address an unmet need in point-of-care medical imaging through a combination of hardware and software services. The company was incorporated in 2014 and is based in Guilford, Connecticut.

Recommended Stories

Insider Buying and Selling by Quarter for Hyperfine (NASDAQ:HYPR)

Receive News & Ratings for Hyperfine Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hyperfine and related companies with MarketBeat.com's FREE daily email newsletter.