Canaccord Genuity Group Issues Positive Forecast for Kopin (NASDAQ:KOPN) Stock Price

Kopin (NASDAQ:KOPN - Get Free Report) had its price objective raised by investment analysts at Canaccord Genuity Group from $2.00 to $2.50 in a research report issued to clients and investors on Wednesday,Benzinga reports. The firm presently has a "buy" rating on the stock. Canaccord Genuity Group's target price points to a potential upside of 43.68% from the company's current price.

A number of other equities analysts also recently commented on the stock. StockNews.com downgraded shares of Kopin from a "hold" rating to a "sell" rating in a report on Saturday, December 21st. HC Wainwright restated a "buy" rating and set a $3.00 price target on shares of Kopin in a research note on Wednesday, November 13th. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $2.63.

Kopin Trading Up 3.0 %

KOPN traded up $0.05 on Wednesday, hitting $1.74. 5,368,163 shares of the stock traded hands, compared to its average volume of 9,386,462. The business has a fifty day moving average price of $1.33 and a two-hundred day moving average price of $1.03. 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 52 week low of $0.56 and a 52 week high of $2.82.

Kopin (NASDAQ:KOPN - Get Free Report) last released its quarterly earnings data 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 business 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 in the previous year, the business posted ($0.02) earnings per share. On average, equities research analysts forecast that Kopin will post -0.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Kopin

Several institutional investors have recently added to or reduced their stakes in the company. Murphy Pohlad Asset Management LLC grew its stake in Kopin by 13.0% during the fourth quarter. Murphy Pohlad Asset Management LLC now owns 153,200 shares of the company's stock worth $208,000 after buying an additional 17,600 shares during the last quarter. AMG National Trust Bank boosted its holdings in shares of Kopin by 19.0% in the 3rd quarter. AMG National Trust Bank now owns 125,000 shares of the company's stock worth $91,000 after acquiring an additional 20,000 shares in the last quarter. O Connor Financial Group LLC bought a new stake in Kopin during the 4th quarter worth approximately $28,000. XTX Topco Ltd acquired a new stake in Kopin during the 2nd quarter valued at $32,000. Finally, Penbrook Management LLC acquired a new position in Kopin in the fourth quarter worth $66,000. 30.96% of the stock is owned by 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.