Kopin (NASDAQ:KOPN) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Kopin (NASDAQ:KOPN - Get Free Report) had its price target boosted by analysts at Canaccord Genuity Group from $2.00 to $2.50 in a report issued on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the stock. Canaccord Genuity Group's target price would indicate a potential upside of 50.15% from the company's current price.

Other analysts have also issued reports about the company. HC Wainwright reissued a "buy" rating and set a $3.00 price objective on shares of Kopin in a report on Wednesday, November 13th. StockNews.com lowered shares of Kopin from a "hold" rating to a "sell" rating in a report on Saturday, December 21st. One equities research analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $2.63.

Kopin Price Performance

KOPN stock traded up $0.03 on Wednesday, hitting $1.67. 2,884,498 shares of the company were exchanged, compared to its average volume of 10,027,149. Kopin has a twelve month low of $0.56 and a twelve month high of $2.82. The stock has a market capitalization of $264.40 million, a price-to-earnings ratio of -4.06 and a beta of 2.71. The business's fifty day moving average is $1.30 and its two-hundred day moving average is $1.02.

Kopin (NASDAQ:KOPN - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $12.73 million. During the same period in the prior year, the company earned ($0.02) earnings per share. Equities research analysts expect that Kopin will post -0.14 earnings per share for the current year.

Hedge Funds Weigh In On Kopin

Several large investors have recently made changes to their positions in KOPN. Royce & Associates LP lifted its holdings in Kopin by 485.4% during the 3rd quarter. Royce & Associates LP now owns 6,693,294 shares of the company's stock worth $4,886,000 after buying an additional 5,550,000 shares during the last quarter. Renaissance Technologies LLC grew its stake in shares of Kopin by 494.4% during the 2nd quarter. Renaissance Technologies LLC now owns 846,069 shares of the company's stock worth $711,000 after purchasing an additional 703,740 shares during the period. Stifel Financial Corp increased its stake in Kopin by 303.7% in the 3rd quarter. Stifel Financial Corp now owns 626,413 shares of the company's stock valued at $457,000 after purchasing an additional 471,258 shares in the last quarter. Focused Wealth Management Inc acquired a new position in Kopin during the fourth quarter worth $145,000. Finally, Affinity Capital Advisors LLC acquired a new stake in Kopin in the third quarter valued at $54,000. 30.96% of the stock is currently owned by institutional investors and hedge funds.

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.