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

Kopin (NASDAQ:KOPN) had its price target hoisted by Canaccord Genuity Group from $2.00 to $2.50 in a research report issued to clients and investors on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price points to a potential upside of 39.66% from the company’s previous close.

A number of other analysts have also recently weighed in on KOPN. HC Wainwright restated a “buy” rating and set a $3.00 target price on shares of Kopin in a report on Wednesday, November 13th. StockNews.com lowered Kopin from a “hold” rating to a “sell” rating in a research note on Saturday, December 21st. One investment analyst has rated the stock with a sell rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $2.63.

Kopin Trading Down 3.8 %

KOPN opened at $1.79 on Wednesday. Kopin has a twelve month low of $0.56 and a twelve month high of $2.82. The firm has a market cap of $284.25 million, a price-to-earnings ratio of -4.37 and a beta of 2.71. The company has a fifty day simple moving average of $1.29 and a 200 day simple moving average of $1.01.

Kopin (NASDAQ:KOPN) last posted its 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. The company had revenue of $13.32 million for the quarter, compared to analysts’ expectations of $12.73 million. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. During the same period last year, the business posted ($0.02) earnings per share. On average, analysts forecast that Kopin will post -0.14 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in KOPN. Murphy Pohlad Asset Management LLC grew its stake in 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 purchasing an additional 17,600 shares in the last quarter. AMG National Trust Bank lifted its holdings in shares of Kopin by 19.0% during the 3rd 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. O Connor Financial Group LLC bought a new stake in shares of Kopin in the 4th quarter valued at approximately $28,000. XTX Topco Ltd acquired a new position in Kopin in the second quarter worth approximately $32,000. Finally, Penbrook Management LLC acquired a new position in Kopin in the fourth quarter worth approximately $66,000. 30.96% of the stock is owned by hedge funds and other institutional investors.

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.