Kopin (NASDAQ:KOPN) Earns Buy Rating from Analysts at Canaccord Genuity Group

Canaccord Genuity Group began coverage on shares of Kopin (NASDAQ:KOPN) in a research note released on Thursday, MarketBeat.com reports. The firm issued a buy rating and a $2.00 price objective on the stock.

KOPN has been the subject of a number of other reports. HC Wainwright reissued a “buy” rating and set a $3.00 price target on shares of Kopin in a research note 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 issued a buy rating to the company. According to MarketBeat, Kopin has a consensus rating of “Moderate Buy” and an average price target of $2.50.

Kopin Stock Performance

KOPN stock opened at $1.47 on Thursday. The company’s fifty day moving average price is $1.08 and its 200-day moving average price is $0.94. Kopin has a one year low of $0.56 and a one year high of $2.82. The company has a market capitalization of $233.44 million, a PE ratio of -3.59 and a beta of 2.71.

Kopin (NASDAQ:KOPN) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) earnings per share (EPS) for the quarter, beating 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 company had revenue of $13.32 million for the quarter, compared to the consensus estimate of $12.73 million. During the same period in the previous year, the firm posted ($0.02) EPS. On average, research analysts predict that Kopin will post -0.14 EPS for the current fiscal year.

Institutional Investors Weigh In On Kopin

Large investors have recently added to or reduced their stakes in the stock. XTX Topco Ltd purchased a new position in shares of Kopin in the 2nd quarter worth approximately $32,000. FMR LLC lifted its position in Kopin by 101,059.6% in the third quarter. FMR LLC now owns 57,661 shares of the company’s stock worth $42,000 after buying an additional 57,604 shares during the last quarter. Affinity Capital Advisors LLC purchased a new position in Kopin during the third quarter worth $54,000. AMG National Trust Bank increased its position in Kopin by 19.0% during the third quarter. AMG National Trust Bank now owns 125,000 shares of the company’s stock valued at $91,000 after acquiring an additional 20,000 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC raised its stake in shares of Kopin by 26.0% in the third quarter. Murphy Pohlad Asset Management LLC now owns 135,600 shares of the company’s stock valued at $99,000 after acquiring an additional 28,000 shares during the period. 30.96% of the stock is owned by institutional investors.

Kopin Company Profile

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.