HC Wainwright Reiterates Buy Rating for Kopin (NASDAQ:KOPN)

HC Wainwright reissued their buy rating on shares of Kopin (NASDAQ:KOPN - Free Report) in a research note released on Wednesday morning,Benzinga reports. They currently have a $3.00 target price on the stock.

A number of other equities analysts also recently weighed in on the company. StockNews.com downgraded Kopin from a "hold" rating to a "sell" rating in a research report on Wednesday, October 23rd. Stifel Nicolaus cut their price objective on shares of Kopin from $3.00 to $2.50 and set a "buy" rating on the stock in a research report on Friday, August 9th.

Kopin Stock Up 18.3 %

Shares of KOPN stock traded up $0.13 during trading hours on Wednesday, hitting $0.86. 4,425,151 shares of the company were exchanged, compared to its average volume of 1,490,757. Kopin has a 52 week low of $0.56 and a 52 week high of $2.82. The business has a 50 day moving average of $0.78 and a two-hundred day moving average of $0.84.

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 the consensus estimate of ($0.05) by $0.02. The firm had revenue of $13.32 million for the quarter, compared to the consensus estimate 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 quarter last year, the business posted ($0.02) EPS. As a group, equities research analysts predict that Kopin will post -0.17 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Kopin

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. FMR LLC increased its holdings in Kopin by 101,059.6% during 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. AMG National Trust Bank grew its position 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 valued at $91,000 after acquiring an additional 20,000 shares during the period. Royce & Associates LP increased its stake in shares of 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 purchasing an additional 5,550,000 shares during the last quarter. Murphy Pohlad Asset Management LLC raised its holdings 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. Finally, Affinity Capital Advisors LLC acquired a new stake in Kopin in the 3rd quarter valued at about $54,000. Institutional investors own 30.96% of the company's stock.

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.