Kopin (NASDAQ:KOPN) Price Target Raised to $2.50

Kopin (NASDAQ:KOPN) had its target price increased by Canaccord Genuity Group from $2.00 to $2.50 in a research note released on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Several other research analysts have also issued reports on KOPN. HC Wainwright reissued a “buy” rating and issued a $3.00 price target on shares of Kopin in a research report on Wednesday, November 13th. StockNews.com cut Kopin from a “hold” rating to a “sell” rating in a report on Saturday, December 21st. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $2.63.

Kopin Trading Up 3.0 %

Shares of NASDAQ:KOPN opened at $1.74 on Wednesday. The firm has a market capitalization of $276.31 million, a PE ratio of -4.24 and a beta of 2.71. Kopin has a 1-year low of $0.56 and a 1-year high of $2.82. The business’s 50 day moving average is $1.33 and its 200-day moving average is $1.03.

Kopin (NASDAQ:KOPN) last posted its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.05) by $0.02. Kopin had a negative net margin of 109.38% and a negative return on equity of 165.86%. The firm had revenue of $13.32 million for the quarter, compared to the consensus estimate of $12.73 million. During the same quarter in the previous year, the company earned ($0.02) earnings per share. On average, sell-side analysts predict that Kopin will post -0.14 EPS for the current year.

Institutional Trading of Kopin

Several hedge funds have recently modified their holdings of the company. Royce & Associates LP boosted its holdings in shares of Kopin by 485.4% in the 3rd quarter. Royce & Associates LP now owns 6,693,294 shares of the company’s stock worth $4,886,000 after acquiring an additional 5,550,000 shares in the last quarter. Renaissance Technologies LLC boosted its stake in Kopin by 494.4% in the second quarter. Renaissance Technologies LLC now owns 846,069 shares of the company’s stock worth $711,000 after purchasing an additional 703,740 shares in the last quarter. Stifel Financial Corp grew its holdings in shares of Kopin by 303.7% during the third quarter. Stifel Financial Corp now owns 626,413 shares of the company’s stock worth $457,000 after purchasing an additional 471,258 shares during the last quarter. Murphy Pohlad Asset Management LLC increased its stake in shares of Kopin by 13.0% in the fourth quarter. Murphy Pohlad Asset Management LLC now owns 153,200 shares of the company’s stock valued at $208,000 after buying an additional 17,600 shares in the last quarter. Finally, AMG National Trust Bank raised its holdings in shares of Kopin by 19.0% in the third quarter. AMG National Trust Bank now owns 125,000 shares of the company’s stock valued at $91,000 after buying an additional 20,000 shares during the last quarter. Institutional investors and hedge funds own 30.96% of the company’s stock.

About Kopin

Kopin Corporation, together with its subsidiaries, invents, develops, manufactures, and sells microdisplays, subassemblies, and related components for defense, enterprise, industrial, and consumer products in the United States, the Asia-Pacific, Europe, and internationally. It offers miniature active-matrix liquid crystal displays, liquid crystal on silicon displays/spatial light modulators, organic light emitting diode displays, microLED display technologies, application specific integrated circuits, backlights, and optical lenses; and head-mounted and hand-held VR products.