Kopin (NASDAQ:KOPN) Price Target Raised to $2.50

Kopin (NASDAQ:KOPN) had its target price upped by Canaccord Genuity Group from $2.00 to $2.50 in a research report report published on Wednesday morning,Benzinga reports. The firm currently has a buy rating on the stock.

A number of other research analysts have also recently weighed in on KOPN. HC Wainwright reiterated a “buy” rating and issued a $3.00 target price on shares of Kopin in a report on Wednesday, November 13th. StockNews.com cut 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 given a buy rating to the company. According to MarketBeat.com, Kopin has an average rating of “Moderate Buy” and a consensus target price of $2.63.

Kopin Price Performance

NASDAQ KOPN opened at $1.64 on Wednesday. The company has a market cap of $260.43 million, a P/E ratio of -4.00 and a beta of 2.71. Kopin has a 12 month low of $0.56 and a 12 month high of $2.82. The company has a 50-day moving average of $1.30 and a 200-day moving average of $1.02.

Kopin (NASDAQ:KOPN) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($0.03) EPS for the quarter, topping the consensus estimate of ($0.05) by $0.02. The firm 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 prior year, the business posted ($0.02) earnings per share. As a group, equities research analysts anticipate that Kopin will post -0.14 EPS for the current year.

Institutional Investors Weigh In On Kopin

Several hedge funds have recently modified their holdings of the stock. Focused Wealth Management Inc acquired a new stake in Kopin in the fourth quarter valued at approximately $145,000. Penbrook Management LLC purchased a new position in shares of Kopin in the fourth quarter valued at $66,000. Murphy Pohlad Asset Management LLC grew its holdings in Kopin by 13.0% during the 4th quarter. Murphy Pohlad Asset Management LLC now owns 153,200 shares of the company’s stock valued at $208,000 after purchasing an additional 17,600 shares in the last quarter. O Connor Financial Group LLC purchased a new stake in Kopin during the 4th quarter worth $28,000. Finally, Stifel Financial Corp lifted its holdings in Kopin by 303.7% in the 3rd quarter. Stifel Financial Corp now owns 626,413 shares of the company’s stock worth $457,000 after buying an additional 471,258 shares in the last quarter. 30.96% of the stock is currently 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.