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

Kopin (NASDAQ:KOPN) had its target price boosted by equities research analysts at Canaccord Genuity Group from $2.00 to $2.50 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. Canaccord Genuity Group’s target price suggests a potential upside of 39.66% from the company’s current price.

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

Kopin Trading Down 3.8 %

Shares of KOPN stock opened at $1.79 on Wednesday. The company has a market capitalization of $284.25 million, a price-to-earnings ratio of -4.37 and a beta of 2.71. The firm has a 50-day moving average price of $1.29 and a 200 day moving average price of $1.01. Kopin has a twelve month low of $0.56 and a twelve month high of $2.82.

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

Institutional Trading of Kopin

Several institutional investors have recently made changes to their positions in the stock. Royce & Associates LP lifted its position in Kopin by 485.4% during the third quarter. Royce & Associates LP now owns 6,693,294 shares of the company’s stock valued at $4,886,000 after buying an additional 5,550,000 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Kopin by 494.4% in the 2nd quarter. Renaissance Technologies LLC now owns 846,069 shares of the company’s stock valued at $711,000 after acquiring an additional 703,740 shares during the period. Stifel Financial Corp lifted its holdings in shares of Kopin by 303.7% during the 3rd quarter. Stifel Financial Corp now owns 626,413 shares of the company’s stock valued at $457,000 after acquiring an additional 471,258 shares in the last quarter. Murphy Pohlad Asset Management LLC boosted its position in Kopin by 13.0% during the 4th quarter. Murphy Pohlad Asset Management LLC now owns 153,200 shares of the company’s stock worth $208,000 after purchasing an additional 17,600 shares during the period. Finally, AMG National Trust Bank increased its holdings in 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 purchasing an additional 20,000 shares in the last quarter. 30.96% of the stock is owned by hedge funds and other 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.