Kopin (NASDAQ:KOPN) Coverage Initiated by Analysts at Canaccord Genuity Group

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

A number of other research firms also recently weighed in on KOPN. StockNews.com downgraded Kopin from a "hold" rating to a "sell" rating in a research report on Saturday, December 21st. HC Wainwright reaffirmed a "buy" rating and issued a $3.00 target price on shares of Kopin in a research note on Wednesday, November 13th. One research analyst has rated the stock with a sell rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $2.50.

Kopin Stock Performance

Shares of NASDAQ KOPN traded up $0.05 during mid-day trading on Thursday, hitting $1.41. 2,385,144 shares of the stock were exchanged, compared to its average volume of 1,526,386. The company has a market cap of $223.91 million, a P/E ratio of -3.44 and a beta of 2.72. Kopin has a twelve month low of $0.56 and a twelve month high of $2.82. The stock's fifty day simple moving average is $1.06 and its two-hundred day simple moving average is $0.93.

Kopin (NASDAQ:KOPN - Get Free Report) last posted its quarterly earnings data on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, topping analysts' consensus estimates of ($0.05) by $0.02. Kopin had a negative return on equity of 165.86% and a negative net margin of 109.38%. The company had revenue of $13.32 million for the quarter, compared to analyst estimates of $12.73 million. During the same quarter in the previous year, the firm earned ($0.02) earnings per share. As a group, equities research analysts predict that Kopin will post -0.14 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Kopin

A number of hedge funds and other institutional investors have recently made changes to their positions in KOPN. AMG National Trust Bank lifted its holdings in Kopin by 19.0% during the third 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. Murphy Pohlad Asset Management LLC grew its position in shares of Kopin by 26.0% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 135,600 shares of the company's stock valued at $99,000 after purchasing an additional 28,000 shares during the period. XTX Topco Ltd bought a new stake in Kopin during the 2nd quarter worth approximately $32,000. FMR LLC raised its holdings in Kopin by 101,059.6% during the 3rd 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 period. Finally, Affinity Capital Advisors LLC bought a new position in Kopin in the third quarter valued at approximately $54,000. 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.